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CIBC, RBC, Scotiabank and TD have all cut staff this year

Canadian flag and chart

Economists expect Bank of Canada to remain on hold amid economic weakness

Low angle view of Skyscrapers in downtown Toronto during the day

Banks are slowing the pace of new lending and setting aside more money for bad loans

Household debt burden

Fourth straight weekly drop for the rate, which a year ago averaged 6.58%

  • By: Alex Veiga
  • November 22, 2023 November 22, 2023
  • 13:24
Wrestling inflation

Bank of Canada governor makes remarks day after new inflation numbers show Canada's inflation rate fell to 3.1% in October

credit card concern

The government plans to lift federal taxes on psychotherapy and counselling

House of Commons in Ottawa

A slowing economy and high inflation mean the government has little room to operate

flags of usa and china painted on cracked wall

Wednesday’s planned meeting between Biden and Xi would be the first time the two leaders will have spoken in a year

Credit rating

Biden administration criticizes the Moody's decision, insisting that the U.S. economy remains strong

Panel joins several other forecasters in revising downward its outlook for Europe's biggest economy