The Bank of Canada held its benchmark rate steady at 5 per cent on Wednesday, a widely expected move amid signs that the Canadian economy is slowing.
a day agoThe move to acquire East Ohio Gas, Questar Gas, and Public Service Co of North Carolina will make Enbridge the largest gas utility by volume in North America, with the unit accounting for a bit less than a fourth of the company's overall business mix. Morningstar analysts called the deal a "defensive move".
say it's okay to post photos of your child's first day of school... as long as you don't include too much information. P.E.I. are advising parents to think twice before posting back-to-school pictures of their children online.Photos including a banner with a child's name, age, grade and school tend to pop up on social media feeds around this time of the year.The practice may seem like a harmless way to celebrate a milestone, but
Cpl. Gavin Moore says it's not witOTTAWA -Canada recorded a smaller-than-expected trade deficit in July, as a West Coast dock workers' strike weighed more heavily on imports than on exports, Statistics Canada data showed on Wednesday. Canada's trade deficit with the world came in at C$987 million , lower than the C$3.65 billion shortfall analysts had forecast in a Reuters poll. Total exports rose 0.7% while imports decreased 5.4% in July. -- Canadian pipeline operator Enbridge Inc.
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What are economists expecting from Wednesday’s Bank of Canada rate decision?Economists are calling for the Bank of Canada to hit pause on interest rate hikes this week as the economy shows signs of overall cooling.
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Bank of Canada to announce interest rate decision Wednesday morningThe Bank of Canada is set to announce its interest rate decision as forecasters widely anticipate the central bank will hold its key rate
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S&P/TSX composite posts loss Tuesday ahead of rate decision, U.S. markets also lowerTORONTO — Canada's main stock index moved lower as investors await an interest rate decision from the Bank of Canada Wednesday, while U.S. stock markets also posted losses. The S&P/TSX composite index was down 131.60 points at 20,413.76. Energy stocks and battery metals moved higher, while telecom, utilities and base metals led market weakness. The Bank of Canada is set to announce its latest rate decision on Wednesday. The central bank is widely expected to hold its key rate steady, but the que
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Bank of Canada seen holding rates steady after economy shrank in Q2The Bank of Canada on Wednesday is expected to keep rates on hold at a 22-year high of 5% after the economy unexpectedly shrank in the second quarter, analysts said. The central bank hiked rates by a quarter point in both June and July, and then said it was prepared to raise rates again to tame inflation that has remained above the bank's 2% target for 27 months. 'The Bank of Canada has the cover in the GDP data to stay on pause with a hawkish bias,' Derek Holt, vice president of economics at Scotiabank, said in a note.
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TSX slips as financials fall after BoC keeps interest rates unchangedCanada's main stock index fell on Wednesday, dragged by financial and industrial stocks after the Bank of Canada(BoC) left its key overnight interest rate on hold, as expected, at 5.00%, but kept the doors open for further rate hikes. At 10:21 a.m. ET (14:21 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 74.39 points, or 0.36%, at 20,339.37. The Bank of Canada on Wednesday held interest rate steady, noting the economy had entered a period of weaker growth, but said it could raise interest rates again should inflationary pressures persist.
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Ontario Premier Doug Ford calls on Bank of Canada to halt rising interest ratesFord says instead of higher interest rates, he wants the federal government to work with provinces and territories to invest in critical infrastructure projects that will create higher-paying jobs and improve the production of goods and services.
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