Corporate and government borrowing hits highest level since pandemic
Hard-hit sectors likely to feel the brunt of a decline in cheap labour
Analysts say the quarter-point cut is unlikely to usher in a swift series of further cuts
Most banks lowered their prime rates to 6.95% following the announcement
Governor says if inflation continues to ease, it is reasonable to expect further cuts
The decline is the first drop in a year, S&P says
CIRO survey finds investors relying on social media, ranking it as worthy as traditional advice
Rate cuts on tap this year, although size and timing remain data driven
Market has evolved dramatically since the global financial crisis
Markets expect the central bank to cut its key lending rate by one-quarter of a percentage point on Wednesday