Meiji Yasuda Life to Shun Super-Long Japan Debt for Year or More
Fiscal expansion concerns propelled Japanese government bond yields on Monday ahead of the upper house election later this month, adding further momentum to a rise stoked by a view that inflation is quicker than the central bank's expectations.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
28 minutes ago
- Yahoo
Best CD rates today, July 13, 2025 (lock in up to 5.5% APY)
Find out how much you could earn by locking in a high CD rate today. A certificate of deposit (CD) allows you to lock in a competitive rate on your savings and help your balance grow. However, rates vary widely across financial institutions, so it's important to ensure you're getting the best rate possible when shopping around for a CD. The following is a breakdown of CD rates today and where to find the best offers. Historically, longer-term CDs offered higher interest rates than shorter-term CDs. Generally, this is because banks would pay better rates to encourage savers to keep their money on deposit longer. However, in today's economic climate, the opposite is true. As of July 13, 2025, the highest CD rate is 5.5% APY, offered by Gainbridge® on its 5-year CD. There is a $1000 minimum opening deposit required. This embedded content is not available in your region. The amount of interest you can earn from a CD depends on the annual percentage rate (APY). This is a measure of your total earnings after one year when considering the base interest rate and how often interest compounds (CD interest typically compounds daily or monthly). Say you invest $1,000 in a one-year CD with 1.81% APY, and interest compounds monthly. At the end of that year, your balance would grow to $1,018.25 — your initial $1,000 deposit, plus $18.25 in interest. Now let's say you choose a one-year CD that offers 4% APY instead. In this case, your balance would grow to $1,040.74 over the same period, which includes $40.74 in interest. The more you deposit in a CD, the more you stand to earn. If we took our same example of a one-year CD at 4% APY, but deposit $10,000, your total balance when the CD matures would be $10,407.42, meaning you'd earn $407.42 in interest. Read more: What is a good CD rate? When choosing a CD, the interest rate is usually top of mind. However, the rate isn't the only factor you should consider. There are several types of CDs that offer different benefits, though you may need to accept a slightly lower interest rate in exchange for more flexibility. Here's a look at some of the common types of CDs you can consider beyond traditional CDs: Bump-up CD: This type of CD allows you to request a higher interest rate if your bank's rates go up during the account's term. However, you're usually allowed to "bump up" your rate just once. No-penalty CD: Also known as a liquid CD, type of CD gives you the option to withdraw your funds before maturity without paying a penalty. Jumbo CD: These CDs require a higher minimum deposit (usually $100,000 or more), and often offer higher interest rate in return. In today's CD rate environment, however, the difference between traditional and jumbo CD rates may not be much. Brokered CD: As the name suggests, these CDs are purchased through a brokerage rather than directly from a bank. Brokered CDs can sometimes offer higher rates or more flexible terms, but they also carry more risk and might not be FDIC-insured. This embedded content is not available in your region.
Yahoo
29 minutes ago
- Yahoo
Economists expect inflation ticked up in June after surprise jobs gain
OTTAWA — Economists expect the pace of inflation picked up in June as the Bank of Canada continues to search for tariff impacts in the price data. Statistics Canada is set to report consumer price index data for June on Tuesday. CIBC expects the release will show the annual pace of inflation rose a tenth of a percentage point to 1.8 per cent. Katherine Judge, CIBC's senior economist, said in an interview that she expects goods inflation was fuelling price pressures in the month. Some of that can be tied to the impact of Canada's tariff dispute with the United States, she said. On the opposite end, Judge is looking for relief on rental prices to help take some of the steam out of shelter inflation. "The rent index has not yet picked up drops in rents that we've seen for vacant units across the country, so that's something that will partly offset tariff impacts," she said. The June CPI release will be the Bank of Canada's last look at inflation before its next interest rate decision set for July 30. Financial markets are broadly expecting the central bank to hold its policy rate steady for a third consecutive time at that meeting. LSEG Data & Analytics reported that odds of a quarter-point cut dropped to just 13 per cent as of Friday afternoon after StatCan reported an unexpected gain of 83,000 jobs in June. Tiff Macklem, the governor of the central bank, said last month that monetary policymakers were noticing some "unusual volatility" in the inflation figures. He also said underlying inflation could be "firmer" than the central bank first thought, and might be reflecting higher costs from tariffs between Canada and the United States. Royal Bank of Canada expects the annual pace of inflation accelerated to 1.9 per cent in June. RBC senior economist Claire Fan said she's expecting core inflation will still be stubborn in June — hovering at the top end of the central bank's target band of one to three per cent. She said food inflation is one area that RBC expects will continue to push up the consumer price index. While the Bank of Canada and other economic watchers have been scouring price data for evidence of pressure from the U.S. trade dispute, Fan said she's not expecting "a lot of tariff impact to show up yet." Inflation data is also backward-looking by nature, so Fan said she's leaning more on the Bank of Canada surveys of businesses and consumers set for next week. These quarterly surveys give the central bank a sense of how businesses are handling tariff pressures and how quickly they might pass costs along to consumers. Deputy governor Sharon Kozicki signalled in a speech last month that the Bank of Canada is relying more on alternative data sources such as surveys and restaurant reservations to cut through some of the uncertainty in traditional economic data. "It's a very limited amount of our data that we're seeing on inflation right now, but the (business outlook) survey historically has been a really useful gauge of future expectations," Fan said. Judge said that while she would normally put more weight on the CPI data, she argued StatCan's surprisingly strong June jobs report will likely put the central bank on hold until September. Benjamin Reitzes, BMO's managing director of Canadian rates and macro strategist, said in a note Friday that he expects headline inflation rose to two per cent in June. He pointed to rising food and transportation costs, and less rosy comparisons to last year's price data, as driving the acceleration. Noting that the breadth of inflation widened in the May CPI figures, Reitzes said the Bank of Canada will be looking for signs of a reversal last month to restore confidence that price pressures could be easing. "Following the huge June job gain, it will take an outsized move lower in underlying inflation for the BoC to even consider cutting in July," he wrote. This report by The Canadian Press was first published July 13, 2025. Craig Lord, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29 minutes ago
- Yahoo
Anand says Indo-Pacific strategy will have economic focus but maintain values
OTTAWA — Foreign Affairs Minister Anita Anand says the economy is becoming the primary focus of Canada's relationships in the Indo-Pacific — a shift that appears linked to Canada's recent moves to overcome its security dispute with India. Anand was in Japan and Malaysia this week for her first trip to the region since taking over as foreign minister in May. Her message coming out of that trip was that Canada's foreign policy is shifting — though not abandoning — the priorities set by the previous Liberal government of former prime minister Justin Trudeau. "It is important for us to revisit our policy — not only in the Indo-Pacific but generally speaking — to ensure that we are focusing not only on the values that we have historically adhered to," Anand said Thursday in a teleconference from Malaysia. "Foreign policy is an extension of domestic interest and particularly domestic economic interests. This is a time when the global economy is under stress." The Trudeau government put language on environmental protection, labour standards and gender equality in its trade agreements. Goldy Hyder, head of the Business Council of Canada, said that made Canada appear "a bit preachy" to other countries. He said Canada has to be respectful in the way it stands up for democratic values. A focus on the economy is quickly becoming a defining trait of the government of Prime Minister Mark Carney, a former central banker who is intent on building up Canada's domestic capacity and reshaping its trade and security plans to rely less on the United States. Carney has been mostly focused on Europe so far; he has visited the continent three times since March. Anand's visit this week "sets the stage" for Carney's planned visits this fall to the Association of South East Asian Nations leaders' summit in Malaysia and the APEC forum in South Korea, said Vina Nadjibulla, research vice-president for the Asia Pacific Foundation. Anand visited Tokyo to sign an information-sharing agreement that could lead to defence procurement deals, before heading to Malaysia for a meeting of the Association of South East Asian Nations, or ASEAN. Her visit also comes as Canada tries to restore ties with India after two years of diplomatic chill following the 2023 shooting death of Sikh activist Hardeep Singh Nijjar near Vancouver — a crime Ottawa linked to agents of the Indian government. The RCMP said last year it had evidence of New Delhi playing a role in acts of homicide, coercion and extortion targeting multiple Sikh-Canadians. Canada subsequently expelled six senior Indian diplomats; New Delhi expelled six Canadian diplomats in response. India claims Canada is enabling a separatist movement that calls for a Sikh homeland — Khalistan — to be carved out of India, and calls that a violation of its sovereignty. Carney began to thaw the relationship in June. He invited Indian Prime Minister Narendra Modi to the G7 summit in Alberta and the two leaders agreed to reinstate their high commissioners. The two countries are also starting security talks. As the world's most populous country, India is seen as a critical partner as Carney pushes to disentangle Canada from its heavy reliance on trade with the U.S. The two countries have engaged in on-and-off negotiations on a trade deal since 2010, with frequent pauses — including Ottawa's suspension of talks after the Nijjar assassination. Hyder said India's corporate sector has been urging Canadian corporations to continue expanding trade in spite of the tensions between Ottawa and New Delhi. "One day this is all going to be resolved, and we don't want to have lost all that time," he said. He said the reduced number of Canadian diplomats has made it more challenging for members of his council to engage in India, because there are fewer trade commissioners in India to help Canadians connect companies with contacts and opportunities on the ground. Hyder, who spoke just before leaving for a fact-finding mission to India, said the appointment of high commissioners will set the tone for eventual trade talks. He said a trade deal would be helpful but is not "a precondition" for boosting trade, and suggested Ottawa should focus on scaling up the roads and ports needed to meet Asia's demand for Canadian commodities. Vijay Sappani, a fellow with the Macdonald-Laurier Institute, said an India trade deal could come quite soon. "If we put in the right efforts on our end, I feel like we could probably get a free-trade agreement done before the end of this year, if not (the first quarter) of next year," said Sappani. "There is no Indo-Pacific without India, and if we want to play in the global markets, where we've been kind of shunned … then we need to step up to the plate." Sappani said Ottawa should seek assurances from India that it will never play a role in violence in Canada. In turn, he said, Ottawa could commit to not having politicians show up at any event where there are displays commemorating those who took part in violence in support of the Khalistan movement. "That is the biggest thing that we Canadians can do to stop some level of irritants within the Indian side, and trade definitely will come on back on the table," he said. Anand would not say how soon Canada and India could appoint top envoys, or start trade talks. "We will take the relationship with India one step at a time," she said Thursday. "That timeline will be steady, not immediate." This report by The Canadian Press was first published July 12, 2025. Dylan Robertson, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
