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Jun 6, 2024 · Protesters block access to the Ambassador Bridge during a demonstration in Windsor, Ontario, in February 2022. , Photographer: Galit Rodan/Bloomberg. (Bloomberg) -- Border agents in Canada may go on strike as early as Friday, a move that would lead to delays at important US land crossings and create logistical problems for the auto industry.
Jun 4, 2024 · The Canadian Press. Online streaming services like Netflix and Spotify are being told they must start contributing money toward local news and the production of Canadian content. The Canadian Radio-television and Telecommunications Commission has directed foreign streamers today to pay five per cent of their annual Canadian profits into a fund.
5 days ago · Paladin Energy Ltd.’s $1.14 billion offer to buy Canadian mining firm Fission Uranium Corp. is all about geography. The all-stock deal will give Australia’s Paladin operational control of one of the most advanced mining projects in western Canada’s Athabasca Basin, a remote area in Saskatchewan that’s loaded with high-grade uranium.
Jun 5, 2024 · TD is predicting the central bank will cut rates two more times by the end of the year to bring the benchmark to 4.25 per cent, while CIBC and RBC are predicting three more cuts which would bring the key rate to an even four per cent. A full percentage point off the $600,000 mortgage would translate into about $349 a month in savings.
Jun 5, 2024 · The Bank of Canada’s decision to cut comes a day before the European Central Bank is widely expected to lower borrowing costs, making the northern nation the first in the G-7 to launch into an easing cycle. The Canadian central bank joined the Swiss National Bank and Sweden’s Riksbank to pivot to easier policy as inflation risks subsided.
Jun 3, 2024 · If the Bank of Canada opts to lower rates on Wednesday, it would mark the first rate cut since March 2020, when the COVID-19 pandemic prompted the central bank to slash its key rate to near-zero. Bank of Canada governor Tiff Macklem has said a rate cut is within the realm of possibilities, but that the decision will be guided by the economic data.
Jun 21, 2024 · Canada May retail sales likely fall 0.6% after April rebound. Randy Thanthong-Knight, Bloomberg News. Shoppers in Toronto, Ontario, on Monday, May 27, 2024. Photographer: Chloe Ellingson/Bloomberg , Bloomberg. Canadian retail sales likely dropped last month, nearly wiping out all of April’s gains and highlighting weakness in consumer spending ...
