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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.
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.
Gen AI holds the potential to get Canada’s economy growing again through accelerated innovation and productivity. The big question is whether Canadian businesses and public sector organizations will seize the moment.
The latest market moves, forecasts, and more.
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The latest GIC rates from various financial institutions.
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