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Source: Financialpost April 11, 2024

‘Ready to begin trimming’: What economists say about Bank of Canada's rate hold

Central bank held interest rates at 5% for the sixth consecutive timeThe Bank of Canada kept interest rates at five per cent on Wednesday, its sixth consecutive hold since the last increase in July 2023. Here’s what economists are saying about the decision a...

Source: Financialpost April 11, 2024

Middle-aged woman who just lost her high-income job wonders when it's 'safe' to retire

One expert thinks this 47-year-old could retire now if she really wanted toReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Alberta-ba...

Source: Financialpost April 11, 2024

Philip Cross: Last-gasp defence can't save the carbon tax

Fans of the tax lost credibility early when they bought estimates that B.C.'s carbon tax had cut emissions a lot with very little painThe April 1st implementation of another hike in the federal government’s carbon tax and the growing prospect that a Poilievr...

Source: Financialpost April 11, 2024

'Tall order to ask the average Canadian': EVs are twice as hard to sell today

Canada’s goal of ensuring at least 20% of new vehicles sold by 2026 are electric seems to be in jeopardy as demand slows Get the latest from Naimul Karim straight to your inbox Sign Up As automakers continue to delay their electric-vehicle plans and r...

Source: BNN Bloomberg April 10, 2024

Markets today: bonds rise as CPI to shed light on Fed's June call

The world’s biggest bond market rebounded and stocks closed higher, with traders positioning for key inflation data that will help shape the outlook for the Federal Reserve’s next steps. Treasuries climbed, with 10-year yields dropping from the highest lev...

Market Call Source: BNN Bloomberg April 10, 2024

Barry Schwartz's Top Picks: April 9, 2024

Barry Schwartz, chief investment officer and portfolio manager, Baskin Wealth Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: Investors in quality companies have had spectacular gains over the past 15 months as North American mar...

Source: Bankofcanada April 10, 2024

Monetary Policy Report Press Conference Opening Statement

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and our Monetary Policy Report. Today, we maintained our policy interest rate at...

Source: Bankofcanada April 10, 2024

Monetary Policy Report – April 2024

Monetary policy is working to reduce inflationary pressures and inflation is coming down, although it will take more time to s...

Source: Bankofcanada April 10, 2024

Bank of Canada maintains policy rate, continues quantitative tightening

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The Bank expe...

Source: Financialpost April 10, 2024

Why Ottawa's $6-billion housing infrastructure fund has some provinces fuming

Money comes with conditions attached — such as zoning changes that allow for uncontested fourplex constructionLast week, Prime Minister Justin Trudeau unveiled a $6 billion funding initiative aimed at tackling Canada’s housing crisis by providing funds to mu...