OAS payment dates in 2024 and 2025, and more to know about Old Age Security + MORE Nov 4th
Samsung Galaxy Z Fold7 “Sold Out” Across Major Cities, Production Ramped Up: Check Price And Top Features - NDTV Profit Jul 31st
Trump downplays importance of Russia reportedly sharing intel with Iran to help it hit US targets Mar 8th
Apple reportedly renews talks with OpenAI about powering new iPhone features - ZDNet Apr 29th
Jeffrey Rath fought for First Nations. Now former clients are fighting him - Global News Jul 14th
Jobs in Canada: Unemployment at 5.5% – CTV News
– news.google.ca
Making sense of the markets this week: September 10, 2023
– moneysense.ca
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Borrowers relieved as interest rates stays at 5%
The Bank of Canada (BoC) announced on Wednesday that it would hold interest rates at 5%, at least until the next decision date, October 25.
Given the surprising news of negative gross domestic product (GDP) numbers and slightly higher unemployment rates last month, the decision not to raise rates had been widely forecast.
The BoC recognized these realities by saying, “The Canadian economy has entered a period of weaker growth.”
Interestingly though, the Canadian central bank was still cautious with its overall messaging, communicating to investors that they were, “prepared to increase the policy interest rate further if needed.” Of course, one would imagine that a central bank is always ready to increase the interest rate “if needed”—as that’s essentially the job description…
