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StatCan estimates economy grew at annualized rate of 1% in Q3

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OTTAWA — The Canadian economy was flat in August as high interest rates continued to weigh on consumers and businesses,...
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The loonie is trading at lows not seen in years. Here’s what it means for Canadians

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TORONTO — The Canadian dollar is trading against the U.S. dollar at levels not seen since 2020 as the combined...
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Charting the Global Economy: IMF Lowers Global Growth Forecast

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(Bloomberg) -- The International Monetary Fund shaved its global growth forecast for next year, citing accelerating risks from wars and...
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‘Shock-prone world’ highlights need for productivity: Bank of Canada governor

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OTTAWA — Bank of Canada governor Tiff Macklem says the world has become more prone to supply shocks which create...
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Bank of Canada may need another big rate cut to adjust for slow growth, economists say

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By Promit Mukherjee OTTAWA (Reuters) - The Bank of Canada's annual economic growth forecast is overly optimistic, economists said, and...
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TSX futures rise on strength in oil and metal prices

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(Reuters) - Futures tied to Canada's main stock index rose on Thursday, aided by higher crude and metal prices, after...
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S&P/TSX composite closes down along with U.S. markets on Wednesday

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TORONTO — Canada's main stock index closed down Wednesday as the Bank of Canada cut its key interest rate by...
Bussiness

Banks lower prime rates to 5.95% after Bank of Canada move

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TORONTO — Canadian financial institutions say they are lowering their prime lending rates to match the decrease announced by the...
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Canadian dollar hits 11-week low on ‘aggressive’ Bank of Canada

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By Fergal Smith TORONTO (Reuters) - The Canadian dollar weakened to an 11-week low against its U.S. counterpart on Wednesday...
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BoC delivers half percentage point rate cut, says it now must keep inflation at 2%

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OTTAWA — The Bank of Canada claimed victory against high inflation on Wednesday as it delivered a supersized interest rate...
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Canada central bank officials speak after rate cut

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TORONTO (Reuters) - The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75%,...
Bussiness

Fourth straight interest rate cut may not bring buyers back to the market just yet

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TORONTO — While the Bank of Canada's fourth straight cut to its key interest rate could inspire potential homebuyers to...
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