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Source: Financialpost October 25, 2024

Size of Ottawa's cuts to immigration targets takes business by surprise

Reduction was expected, but not a reduction of more than 20% Get the latest from Naimul Karim straight to your inbox Sign Up Businesses and economists were taken by surprise when Justin Trudeau’s government significantly reduced Canada’s annual immigr...

Source: Financialpost October 25, 2024

Posthaste: Canada drops in global ranking after hike to capital gains tax

Country falls to 17th out of 38 nations for tax competitiveness We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada drops in global ranking after hike to capital...

Source: Financialpost October 25, 2024

Jumbo rate cut in December 'almost a given': CIBC's Benjamin Tal

Tal: Inflation 'behaving extremely well'Benjamin Tal, deputy-chief economist at CIBC Capital Markets, talks with the Financial Post’s Larysa Harapyn about the Bank of Canada‘s next moves and where the interest rate may ultimately end up. We apologize, bu...

Source: Bankofcanada October 24, 2024

Monetary Policy Report—October 2024

October 2024 Available as: PDF...

Source: Financialpost October 24, 2024

Opinion: Ottawa’s pharmacare plan looks grim for diabetics

Fifty-two diabetes medications are covered by public or private plans across the country. Ottawa's opening offer to provinces is just 18By Nigel Rawson and John Adams We apologize, but this video has failed to load. Try refreshing your browser, ortap her...

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...