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Corus Entertainment buys breathing room in new debt deal with lenders – The Globe and Mail
– news.google.ca
Making sense of the markets this week: October 27, 2024
– moneysense.ca
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
High rates be gone!
The Bank of Canada (BoC) wasn’t in the mood for taking baby steps this week, as it cut its key interest rate from 4.25% to 3.75%. The 0.50% rate cut was larger than what we’ve seen over the last three months. And, it’s the first time for a 50 basis point cut since 2009, outside of what was happening during COVID-19. (A basis point, a.k.a. BPS, is 1/100 of 1%.)
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The options markets didn’t move much based on the news, and the swap-trades market is still predicting the key lending rate will be close to 2…
