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Banks lower prime rates to 5.95% after Bank of Canada move
TORONTO — Canadian financial institutions are lowering their prime lending rates to match the decrease announced by the Bank of Canada. The central bank lowered its key interest rate by half a percentage point Wednesday to 3.75 per cent.
Oct 23, 2024 1:48 PM
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BoC delivers half percentage point rate cut, says it now must keep inflation at 2%
OTTAWA — The Bank of Canada claimed victory against high inflation on Wednesday as it delivered a supersized interest rate cut and signalled its policy rate will likely continue falling in the coming months.
Oct 23, 2024 12:05 PM
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Fintrac warns of ways lawyers may be facilitating money laundering
OTTAWA — Canada's anti-money laundering agency is warning about the key areas that lawyers could be aiding in the illicit movement of funds.
Oct 23, 2024 11:07 AM
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As federal workers fight office mandate, study finds remote work has climate benefits
Federal public servants in Ottawa who work remotely contributed 25 per cent fewer emissions than those who worked only from the office, a new report suggests as a major public sector union fights against more mandated office days.
Oct 23, 2024 10:43 AM
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Fourth straight interest rate cut may not bring buyers back to the market just yet
TORONTO — While the Bank of Canada's fourth straight cut to its key interest rate could inspire potential homebuyers to get off the sidelines, some commentators say the housing market may not see a huge spark just yet.
Oct 23, 2024 10:23 AM
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B.C. pharmacists report harm from alleged corporate performance targets
Some 31 per cent of 2,199 respondents reported that company pressures resulted in 'compromised public safety.'
Oct 23, 2024 5:00 AM
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Eby says B.C. Greens not yet ready for minority talks as Furstenau stays Green leader
Premier and NDP Leader David Eby says he's been told by the B.C. Green Party that it's too early to begin talks about a minority government agreement after the weekend's still-undecided provincial election.
Oct 22, 2024 5:21 PM
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Ballard pivots from China to U.S. as hydrogen bubble pops
B.C. fuel cell maker reconsiders China strategy as U.S. dangles US$94M in incentives
Oct 22, 2024 4:00 PM
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Retiring early hurts financial resiliency, Manulife survey shows
TORONTO — A Manulife report says retiree experiences vary significantly based on when a person retired, and whether it was planned or earlier than expected.
Oct 22, 2024 1:42 PM
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Five things to watch from the Bank of Canada interest rate decision
The Bank of Canada will release its interest rate decision and monetary policy report on Wednesday. Here are five things to look for in the decision.
Oct 22, 2024 10:25 AM
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