Daily News

Source: Financialpost October 24, 2024

Bank of Canada cuts interest rate by half point to 3.75%

Further reductions should be expected, says Tiff MacklemThe Bank of Canada dropped its policy rate by 50 basis points on Wednesday, bringing the interest rate down to 3.75 per cent, as policymakers try to keep inflation near their target with a fourth consec...

Source: Financialpost October 24, 2024

'Strong case' for another jumbo Bank of Canada rate cut, say economists

Weaker economic outlook suggests today's supersized cut won't be a one-offThe Bank of Canada supersized its fourth consecutive interest rate cut to 50 basis points from the standard 25 basis points, bringing its benchmark lending rate below four per cent for...

Source: Financialpost October 24, 2024

RBC leads big banks to cut prime rate to 5.95% following Bank of Canada

Canada's biggest banks are reducing their lending ratesCanada’s big banks cut their prime rates following the lead of the Bank of Canada Wednesday. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other vide...

Source: Bankofcanada October 23, 2024

Monetary Policy Report Press Conference Opening Statement

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss the October Monetary Policy Report and our policy decision. Today, we lowered the policy interest rate by 50...

Source: Bankofcanada October 23, 2024

Bank of Canada reduces policy rate by 50 basis points to 3¾%

The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is continuing its policy of balance sheet normalization. The...

Source: Financialpost October 23, 2024

Diane Francis: Canada's immigration problems are of Trudeau's own making

Trudeau has been putting his own interests above those of the Canadians he is supposed to serveThe global immigration mess spreads because asylum laws are easily gamed and smuggling is an industry unto itself. Europe and the United States have been deluged w...

Source: Financialpost October 23, 2024

Posthaste: Bank of Canada rate cut unlikely to move the needle on housing market, says poll

74% of Canadians say they need rates below 3% before they buy We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Bank of Canada rate cut unlikely to move the needle on...

Source: Financialpost October 23, 2024

Mark Carney says Conservative Party 'doesn’t understand the economy' on MP’s podcast

Improving productivity and attracting more business investment among Liberal adviser's prioritiesFormer Bank of Canada and Bank of England governor Mark Carney has taken aim at the Conservatives while laying out his priorities on how to secure future growth...

Source: Financialpost October 23, 2024

Recent grads, students face ‘full-out screaming crisis’ as they struggle to enter job market

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by Workday Workday A stunning 80% of the increase in...

Source: Financialpost October 22, 2024

Popeyes vs. Mary Brown's: A cross-border chicken rivalry is brewing in Atlantic Canada

The hometown favourite is going head to head with the come-from-away multinational based in MiamiShirley Williamson and Dianne Bottomley never bought into the Popeyes craze, not even when the American Louisiana-style chicken chain made its foray into Atlanti...