Bank of Canada cut will prompt lower variable mortgage rate costs: Ratehub
The Big Six banks have decreased their prime rates to 5.2%
- By: Sammy Hudes, The Canadian Press
- January 30, 2025 January 30, 2025
- 10:19
The Big Six banks have decreased their prime rates to 5.2%
Q4 growth came in below economists' expectations; the economy grew 2.8% during the year
The ECB's benchmark rate sits at 2.75% now, as consumers fret about inflation and businesses navigate political risk
CRA is “trying to have it both ways,” legal counsel says
Court to hear arguments over competing claims on failed alternative fund manager's assets
The central bank said it is harder to gauge where inflation is headed, in part because of uncertainty around Trump's policies
AI-related filings rise; crypto cases fall, and are in doubt if regulation arrives
Exercise will examine turmoil driven by geopolitics, trade uncertainty
Insurtech in B.C., Alberta and Ontario seeks licensing in 3 more provinces
And, ATB Financial adopts Google AI
The divergence in rates, one of the factors weighing on the Canadian dollar, could persist for the next decade
Decision comes after Alberta's Finance Minister fired the board of directors and CEO in November
This is the central bank’s sixth consecutive cut since June
Precious metals action calms, while Dow Jones tops 50K
Report calls for action on data gaps, surveillance, leverage
Trade deficit remains unchanged amid shifting tariff policy, Fitch reports
Trust account used in fraud, misappropriation, Law Society finds
Policy failed to cover hedge fund investment that turned out to be a fraud
Firm allegedly touted stocks on social media, while selling its holdings
The honours will be presented Feb. 12, at the association's Embrace the Challenge event
Start with flexibility, tax efficiency, simplicity
Brokers, MGAs, software providers and TPAs set to evolve
Plus, moves at Our Family Office, Harvest ETFs, Manulife Wealth, Canada Life and more
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, National Bank changes diversified equity fund
Net monthly ETF inflows reach $22B in January: report
Plus, other firms launch new products, tweak their fund lineups