BoC cuts key rate by quarter point to 3% as tariffs threat looms
This is the central bank’s sixth consecutive cut since June
- By: Nick Murray, The Canadian Press
- January 29, 2025 January 29, 2025
- 10:13
This is the central bank’s sixth consecutive cut since June
Six in 10 businesses surveyed said they could withstand a prolonged trade war with the U.S.
It now expects the economy to grow at just 0.3% this year
Social isolation, financial insecurity, health care barriers plague retirees
Proposal builds on amendments for separate licensing, introduces requirements for life agents
Trade disruptions could threaten normalization of food inflation, grocery giant CEO says
Moving production fully to the U.S. estimated to cost auto producers US$50 billion
The Conference Board's consumer confidence index fell to 104.1 this month from 109.5 in December
Regulator makes playful attempt to educate Canadians on AI fraud
The U.S. is one of the few countries that imposes tax based on citizenship, not residency
Canadians made up nearly one-quarter of foreign sellers in Florida between April 2023 and March 2024: report
Proposed tariffs on Canada, Mexico estimated to increase inflation in the U.S. by as much as 0.5 percentage points
Nvidia shares fell on 17% Monday, losing a record $589 billion in market capitalization
Physical oil market remains "tighter than the financial market is giving it credit for": analyst
Oil prices may need to be "higher for longer" to rebuild stocks: analyst
Dollar responds to demand shocks, but supply shocks ignored: Scotia
Firms no longer qualify for narrower online advisor exemption
Proposals out for 90-day comment period, final regime slated for Jan. 1, 2028
Regulator to explore market impact of private, restricted rating activity
The BoC governor says technology's evolving abilities underscore importance of cybersecurity
Arrangement could encourage more or riskier trades, critics say
The banks are dropping their interim emission reduction targets due to various factors
Plus, TD Wealth VP moves into advisor role and appointments across the industry
Plus, Designed Wealth adds advisor and inaugural taxonomy and transition planning council named
McIntyre to start a new role later this month
ETF assets under management now sit at US$20 trillion
Investors are looking to exit from funds in droves during "a period of heightened negative sentiment"
Plus, new emerging market, target-date and tech funds, and a raft of fund changes