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  1. May 31, 2024 · Gross domestic product in the first quarter expanded at a 1.7% annualized pace, Statistics Canada reported Friday in Ottawa. That’s slower than a Bloomberg survey median estimate of 2.2% and the ...

  2. 4 days ago · Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world ...

  3. Jun 5, 2024 · Canada has lagged behind the U.S. on this metric since at least the 1980s, but as things stand today Canada’s economy is about 30 per cent less productive than its southern neighbour. That works out to about $20,000 per worker and it’s trending in the wrong direction, he said.

  4. Jun 11, 2024 · Finance Minister Chrystia Freeland introduced a motion in the House of Commons on Monday to begin the legislative process of hiking the capital gains tax, first announced in April’s budget. The new inclusion rate will apply to all gains made by companies, with some exceptions, and gains of more than C$250,000 by individuals, starting June 25.

  5. Jun 3, 2024 · BoC rate cut possible on Wednesday. The Canadian economy is far more sensitive to the higher interest rates of the past few years and likely needs to see rates cut before the U.S. does. Expectations priced into forward markets put those odds at about 80 per cent as of Friday’s closing prices. The primary reason is how mortgages work in Canada ...

  6. Jun 5, 2024 · Risk remains for Canadian economy. Wed, Jun 05, 2024 1:00 PM EDT. Add to Playlist.

  7. Jun 6, 2024 · Banks including RBC, TD, BMO, CIBC and Scotiabank have lowered their rates to 6.95 per cent from 7.2 per cent, effective June 6, as have other financial institutions including Desjardins Group and Laurentian Bank. The rate drop matches the quarter-percentage-point cut made by the Bank of Canada to bring its benchmark rate down to 4.75 per cent.

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