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Stock market today: Stocks wobble as earnings roll in, Powell comments on inflation - Yahoo Finance Apr 16th
Stock market today: Stocks wobble as earnings roll in, Powell comments on inflation Yahoo FinanceFed Chair Powell says there has been a 'lack of further progress' this year on inflation CNBCFed's Jerome Powell suggests elevated inflation will likely delay interest rate cuts thi.... More »
Angus Reid study looks at food affordability | CTV News - CTV News Winnipeg Jan 23rd
Angus Reid study looks at food affordability | CTV News CTV News WinnipegAlmost 60% Of Canadians Find It 'Difficult' To Afford Groceries According To A New Poll Narcity CanadaDeepening inequality and financial stress in B.C. and across Canada: poll Vancouver Is Aweso.... More »
Gluskin Sheff CEO steps down, appoints Jeff Moody as new chief + MORE Sep 19th
Veteran financial services executive Tom MacMillan is stepping down immediately
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Philippine Airlines plans to buy up to a dozen Q400 Bombardier aircraft + MORE Oct 14th
TORONTO – Bombardier Commercial Aircraft says Philippine Airlines has signed a letter of intent to acquire up to 12 of its Q400 aircraft.
Bombardier (TSX:BBD.B) did not disclose a purchase price for the acquisition of the 86-seat turboprop aircraft.
Philippine Airlines is the country’s f.... More »
The best high-interest savings accounts in Canada for 2026 + MORE Mar 2nd
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Bank of Korea unexpectedly cuts interest rate to record low, says growth weaker than expected
– canadianbusiness.com
SEOUL, South Korea – South Korea unexpectedly lowered its benchmark interest rate Thursday to a record low of 1.75 per cent, joining central banks from Europe to India in efforts to revitalize sluggish economic growth.
The quarter percentage point cut was the first interest rate cut by the Bank of Korea in five months. Analysts had predicted that the central bank would stand pat amid concerns that lower borrowing costs could accelerate growth in household debt.
But the central bank said South Korea’s economic growth and inflation this year will be lower than expected. There are also concerns in financial markets and at the finance ministry that South Korea could suffer falling prices, also known as deflation, which can cause prolonged economic stagnation as people and companies delay investment and spending.
“We took into consideration that it was necessary to revive recovery momentum,” BOK Governor Lee Ju-yeol told a press conference. He repeated his previous view that South Korea’s economy has not entered deflation…
The quarter percentage point cut was the first interest rate cut by the Bank of Korea in five months. Analysts had predicted that the central bank would stand pat amid concerns that lower borrowing costs could accelerate growth in household debt.
But the central bank said South Korea’s economic growth and inflation this year will be lower than expected. There are also concerns in financial markets and at the finance ministry that South Korea could suffer falling prices, also known as deflation, which can cause prolonged economic stagnation as people and companies delay investment and spending.
“We took into consideration that it was necessary to revive recovery momentum,” BOK Governor Lee Ju-yeol told a press conference. He repeated his previous view that South Korea’s economy has not entered deflation…
3.5 year – 2.30%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-28. Click on the link above to get more details or apply online.
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
China’s economic evolution sets stage for growth but forces painful change
– canadianbusiness.com
GUJIAO, China – This city in China’s northern coal country hardly looks like it is in trouble. After three decades fueling China’s industrial boom, its wide, tree-lined avenues are filled with late model cars. Markets are crowded with people.
That activity masks malaise. Surging demand for coal that once propelled Gujiao and its 200,000 people is ebbing, and along with it the local economy.
“This year is impossible,” said Li Qiumei, who sells fruit on the street. Wearing a parka and padded balaclava in the bright winter sunshine, she said her income has fallen by half since last year to about 50 yuan ($8) a day.
Asked when she expects things to get better, Li shrugged and said, “I don’t know.”
From coal country to the export-driven manufacturing heartland of China’s southeast, millions of people are enduring wrenching change. Beijing is trying to replace an economic model that has run out of steam after delivering years of blistering growth based on trade and investment in construction and heavy industry…
That activity masks malaise. Surging demand for coal that once propelled Gujiao and its 200,000 people is ebbing, and along with it the local economy.
“This year is impossible,” said Li Qiumei, who sells fruit on the street. Wearing a parka and padded balaclava in the bright winter sunshine, she said her income has fallen by half since last year to about 50 yuan ($8) a day.
Asked when she expects things to get better, Li shrugged and said, “I don’t know.”
From coal country to the export-driven manufacturing heartland of China’s southeast, millions of people are enduring wrenching change. Beijing is trying to replace an economic model that has run out of steam after delivering years of blistering growth based on trade and investment in construction and heavy industry…
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
