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Source: Financialpost December 13, 2024

Ex-Bank of Canada official sees key rate hitting 2.75 per cent soon

The central bank moved to slash rates by 50 basis points twice in a row without a recession or crisis that would warrant a rush to stimulate the economyFormer Bank of Canada deputy governor Paul Beaudry expects policymakers to cut their key interest rate unt...

Source: Financialpost December 13, 2024

The CRA wants to know if you profited from reselling those Taylor Swift tickets

Jamie Golombek: Special tax rules exist to cover just such a situationReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Taylor Swift wr...

Economy Source: Financialpost December 13, 2024

Posthaste: What the Bank of Canada's second jumbo rate cut means for the Canadian dollar

How the loonie reacted to another 50 basis point cut might surprise you We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: What the Bank of Canada's second jumbo rate c...

Wealth Source: Financialpost December 13, 2024

Canadian household wealth increases for the seventh time, hitting $17.3 trillion, as financial assets reach another record high

Average net worth held at just over $1 million per household in third quarter, Statistics Canada said. But wealth gap is growingCanadians’ collective household wealth climbed to $17.3 trillion in the third quarter, marking the seventh increase in the last ei...

Economy Source: Financialpost December 13, 2024

FP Outlook 2025: 'Storm clouds' loom ahead for the loonie

Schamotta: Currency traders are bracing themselvesCurrency expert Karl Schamotta talks with Financial Post’s Larysa Harapyn about the loonie — already down significantly this year against the greenback — as the Canadian and U.S. economies and central banks p...

Source: Financialpost December 12, 2024

Bank of Canada cuts its policy rate by another half point

Brings key policy rate to 3.25% The Bank of Canada cut its policy rate by 50 basis points to 3.25 per cent on Wednesday, a move widely expected by economists and markets. The Dec. 11 decision marks the fifth consecutive cut by the central bank this year and...

Source: Financialpost December 12, 2024

Will latest Bank of Canada rate cut boost the housing market? Analysts weigh in

Move expected to provide significant relief to the real estate sector, easing borrowing costs and stimulating demandThe Bank of Canada announced today that it will lower its key overnight rate by 50 basis points to 3.25 per cent, marking its fifth consecutiv...

Source: Financialpost December 12, 2024

Are boomers getting a bad rap for hoarding wealth from millennials and gen Z?

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 MogoXMoka MogoXMoka Online outrage may miss some...

Source: Financialpost December 12, 2024

Those jumbo cuts are done and dusted: What economists are saying about the Bank of Canada and interest rates

Economic landscape is shifting as signs emerge that inflation could be on the rise againThe Bank of Canada cut its benchmark lending rate by 50 basis points on Wednesday to 3.25 per cent. We apologize, but this video has failed to load. Try refreshing you...

Source: Financialpost December 12, 2024

RBC leads big banks to cut prime rate to 5.45% 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 video...