For Affordable Living Head South

first_img in Daily Dose, Data, Headlines, News For those looking to save on housing, heading southward may be the answer. According to a study released by GOBankingRates on Thursday, Mississippi and Alabama have the lowest housing costs in the nation, coming in 31.6 percent and 26 percent lower than the national average, respectively.Mississippi is the most affordable state on the whole, too. Taking into account costs for groceries, transportation, utilities, healthcare, and miscellaneous expenses as well as housing, living in Mississippi costs less than any other state in the nation.“With a cost of living that is 14 percent lower than the national average, Mississippi is the cheapest place to live in the U.S.,” GOBankingRates reported. “Healthcare is a little over 10 percent less than the national average, groceries are nearly 6 percent less, and housing is a full 31.6 percent cheaper.”Indiana had the second-lowest cost of living, according to GOBankingRates, coming in 12.1 percent below the national average. Rounding out the top five were Michigan (11.8 percent below), Arkansas (11.5 percent), and Oklahoma (11.4 percent).On the other end, Hawaii was deemed the most expensive place to live, with the cost of living 67.4 percent higher than the national average. Also in the top five were the District of Columbia (49.2 percent higher), New York (35.2 percent), California (34.8 percent), and Massachusetts (34.7 percent).Looking at just housing costs, D.C. came in at No. 1, with home prices beating the national average by 134 percent. California had housing costs 92.7 percent higher.Alaska took the cake in terms of healthcare costs, with expenses clocking in at 46.6 percent higher than the rest of the country.“The largest state in America comes with a cost of living that is almost equally enormous—31.6 percent above the national average, to be exact,” GOBankingRates reported. “Housing, utilities, and healthcare all bring costs that are more than 40 percent above those paid by the average American.”Alabama and Arkansas were lowest in terms of healthcare costs; they came in 12.5 percent and 12.2 percent lower than the national average, respectively.Transportation costs were highest in Alaska and California, where residents pay 30.1 percent more than the national average. Oklahoma was the most affordable at 11.9 percent under. costs of living GOBankingRates housing costs mississippi most affordable 2017-05-11 Aly J. Yale May 11, 2017 605 Views center_img For Affordable Living, Head South Sharelast_img read more

Worlds biggest money manager expects Bank of Canada to hit the brakes

first_img Email More Join the conversation → Reddit ← Previous Next → Bank of Canada Governor Stephen Poloz’s team will not raise rates this year, predicts BlackRock.Justin Tang/Bloomberg Recommended For YouCyclica and University of Toronto Stagljar Lab Announce Partnership to Create the Next-Generation EGFR Inhibitors in Non-Small Cell Lung CancerAndersen Global Enters Senegal, Expands Presence in AfricaU.S. manufacturing output climbs for second month in JuneNew Guidelines for Patients Suffering From Mucositis or Oral Ulcerations From Head and Neck Cancer Treatment Can Now Be Effectively Treated With MedX’s Light Therapy DevicesHomeowners Can Beat the Heat With Central Air Conditioning advertisement Katherine Greifeld The world’s largest money manager expects the Bank of Canada to hit the brakes on policy tightening in 2019.With officials set to convene in Ottawa, BlackRock Inc. says the central bank will probably hold rates steady until at least next year as Canadian growth cools and lower oil prices work their way through the economy, weighing on the inflation outlook. Short-end traders largely agree: Overnight index swaps are barely pricing in any tightening over the next 12 months.What’s the rush to get to neutral if inflation’s not an issueBlackRock’s Aubrey Basdeo 0 Comments Share this storyWorld’s biggest money manager expects Bank of Canada to hit the brakes in 2019 Tumblr Pinterest Google+ LinkedIn center_img Investors have slashed expectations for hikes following a dovish December policy meeting and amid a broad reassessment of the prospect of central-bank tightening as global growth shows signs of slowing. Given increased market volatility and more restrictive financial conditions, the BOC will likely pause to see the effects of its five rate hikes since mid-2017, according to BlackRock’s Aubrey Basdeo. What does the year hold for Canadians? Watch Outlook 2019 More people are going broke in Canada as interest rates rise Biggest trade deficit in 6 months adds to evidence Canada’s economy is entering soft patch “The bank has latitude to go on an extended pause,” said Basdeo, the firm’s Toronto-based head of Canadian fixed income. “What’s the rush to get to neutral if inflation’s not an issue?”The Canadian dollar sank almost 8 per cent against the greenback in 2018, the second-worst performer among Group-of-10 currencies, although it’s rebounded along with oil to start 2019. Basdeo expects the dollar-loonie pair to stick to a 76.92-73.52 US cent range as policy makers take a wait-and-see approach, from about 75.11 US cents currently.Different ViewNot everyone agrees. Morgan Stanley recommended shorting the greenback against the Canadian dollar in a note to clients Monday, targeting a move to 78.1 US cents. While a sputtering housing market and weak business investment pose challenges to the Canadian economy, “the risk of a hawkish surprise is growing” from the Bank of Canada given such low market expectations.“Increasing prospects for a weaker USD, an underpriced BOC curve, increasingly balanced risks on oil and supportive technicals suggest USD/CAD should fall from here,” wrote foreign-exchange strategists David Adams and Sheena Shah.Citigroup Inc., while anticipating policy makers will keep rates unchanged Wednesday, sees a 40 per cent chance of a hawkish hold, and recommends clients short the U.S. dollar relative to the loonie ahead of the meeting.“Disappointment to dovish expectations may trigger a bullish CAD reaction as the BOC is interpreted as one of the most hawkish central banks within the G-10,” FX strategist Kiranpal Singh wrote Monday.Bloomberg.com Facebook Twitter January 8, 20191:37 PM EST Filed under News Economy Bloomberg News World’s biggest money manager expects Bank of Canada to hit the brakes in 2019 BlackRock says central bank will hold rates steady until at least next year — and traders largely agree What you need to know about passing the family cottage to the next generation Sponsored By: Featured Stories Commentlast_img read more