Bank of Canada Cuts Interest Rate: A Lifeline for Struggling Canadians?
The Bank of Canada has delivered some much-needed relief with a quarter-point interest rate cut to 4.5%. This marks the second consecutive rate reduction and signals a cautious optimism about taming inflation while supporting a weakening economy. Why the Rate Cut?...Canada will be in a recession – The fundementals are not sound?
Posted: October 06, 2008, 8:01 AM by Jonathan Ratner Market Call Declining GDP in the fourth quarter of this year and the first quarter of 2009 will bring the Canadian economy into an official recession, UBS predicted Monday. “The Canadian economy, which has been only...
Toronto Mayor Olivia Chow said she’s “speechless” about the continued delayed of the Eglinton Crosstown, saying she’s no more knowledgeable on the project than residents and business owners who’ve been waiting years for it to wrap up.
“I don’t know what to say anymore, it’s leaving me speechless,” said Chow.