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Growth in the third quarter is already looking to undershoot the BoC’s July forecast. We continue to expect another rate cut in October.
The 2.5% reading is the lowest since March 2021.
This type of investing can be used as a launchpad for discussing how family wealth can have a significant impact on pressing global issues.
These strategies can help make family meetings an effective tool in wealth-transfer planning.
You can preserve family harmony and your wishes for your estate with careful planning and open conversations.
On the investing front, it has been an eventful few weeks. The Bank of Canada cut interest rates for the second consecutive time. Meanwhile, global equities have been weaker, driven by a classic sector rotation rather than broad market weakness.
After a first interest rate cut in June, the Bank of Canada (BoC) again lowered its key overnight rate by 25 basis points at its meeting Wednesday, to 4.5%. The move was in line with market and our own expectations ahead of the announcement.
How indoor agriculture can serve as a local food source in northern—and urban—settings
The latest Business Outlook Survey largely confirmed further normalizing in a few key areas that the central bank has deemed critical to future inflation trends.
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