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Canadians are boosting savings amid economic concerns
Canadians aren’t taking any chances when it comes to their financial future as they prepare for the possibility of a forthcoming recession. According to data from TransUnion Canada, over a third of...
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Headline inflation slows more than expected to 2.8% in June
Canada’s headline inflation rate continued to ease in June, falling to a rate of 2.8%, slower than the 3.4% pace recorded in May.It also came in below forecasts, with a consensus of economists...
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Are we finally nearing the end of this rate-hike cycle?
Interest rates are front and centre these days, and for good reason. Despite a two-meeting rate pause by the Bank of Canada, the central bank resumed its rate hikes in June, sending interest costs...
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Economic brief: OSFI increases capital buffer requirement for Canadian banks
Canada's banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), hasannouncedan increase in the capital buffer requirement for the country's largest banks.Effective...
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