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20 hours ago · The jobless rate for Canada has risen the most in the G7 over the past couple of years, NBF said, adding that the rate is on track to top 7% this year “if recent (worsening) labour market dynamics persist.”. Despite the worse-than-expected jobs report, markets remain cautious about the prospect of a rate cut later this month, NBF said ...
1 hour ago · Increasing the capital floor for banks involves a tradeoff. It makes it less likely banks will default in times of crisis, but also inhibits their ability to make loans to businesses and consumers. As my colleague Kevin reported, that worsens Canada’s productivity problem—which has also been described as a crisis.
20 hours ago · The objective of the Bank of Canada's monetary policy is A) to keep the unemployment rate below 5 percent, the inflation rate between 1 and 3 percent a year, and long-term real GDP growth above 4 percent a year.
20 hours ago · We expect that these measures will reduce uncertainty for lenders and increase access to more flexible loan structures for commercial borrowers (borrowers other than natural persons). Commercial borrowers and lenders will now be able to structure loans with up to a 48 per cent APR interest rate for loans between $10,000 and $500,000.00.
1 hour ago · OTTAWA — Parliamentary Budget Officer Yves Giroux suggests it's up to Canadians to decide whether they believe the government's proposal to create a new regulator against online harms amounts to bureaucracy, or a necessary enforcement tool. Last week Giroux issued a cost estimate for the government's new online harms legislation would cost ...
20 hours ago · Under the Bank of England Act 1998 the chancellor has the power of appointment of four out of nine members of the Bank's Monetary Policy Committee – the so-called 'external' members. He also has a high level of influence over the appointment of the Bank's Governor and Deputy Governors, and has the right of consultation over the appointment of the two remaining MPC members from within the ...
20 hours ago · Uzbekistan, officially the Republic of Uzbekistan, is a doubly landlocked country located in Central Asia.It is surrounded by five countries: Kazakhstan to the north, Kyrgyzstan to the northeast, Tajikistan to the southeast, Afghanistan to the south, and Turkmenistan to the southwest, making it one of only two doubly landlocked countries on Earth, the other being Liechtenstein.
