Financial markets and forecasters are betting on another jumbo interest rate cut from the Bank of Canada this week.
Statistics Canada’s latest job report tilted expectations in favour of a larger cut.
The Friday report revealed the unemployment rate jumped to 6.8 per cent in November, up from 6.5 per cent a month earlier, as more people looked for work.
OBJ360 (Sponsored)
Minto’s Metro Towns at Anthem in Barrhaven & Parkside in Kanata offer attainable home ownership
Guided by the needs of homeowners, Minto has been building new homes and master-planned communities across Canada and the USA for 70 years. To ensure the best quality of life
Why your next investment should be Canadian art
Ahead of its highly anticipated Give to Get Art Auction on May 29th, the Ottawa Art Gallery (OAG) offers some expert advice on investing in art. Art can inspire, spark
A half-percentage point interest rate reduction would bring the central bank’s key interest rate to 3.25 per cent.
The Bank of Canada reduced its key interest rate by half a percentage point in October in response to inflation returning to target, but signalled the size of the next rate decision would be data-dependent.
Canada’s inflation rate was two per cent in October.
This report by The Canadian Press was first published Dec. 9, 2024.
