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Canada’s Inflation Rate Jumps to 4%: Gas, Rent, Food, and More
In the latest report published September 19, 2023, Canada’s Consumer Price Index (CPI) for August rose by 4.0% year over year, following a 3.3% increase in July.
Argentine FX Market Stability Amidst Election Turmoil and Soaring Inflation
Following the volatile response of the FX market after the primary elections, the Argentine economic and political landscape is in the spotlight. The FX market has remained stable, but Argentina continues to grapple with soaring inflation.
Bank of Canada Holds Policy Rate Steady at 5% Amid Global Economic Shifts
In its most recent rate announcement, the Bank of Canada opted to maintain its target for the overnight interest rate at 5%, while keeping the Bank Rate at 5¼% and the deposit rate at 5%. The bank is continuing its course of quantitative tightening, and insistent on restoring price stability in Canada.
U.S. Credit Rating Downgraded to ‘AA+’ by Fitch: An Analysis
Fitch Ratings has downgraded the U.S. Sovereign Credit Rating to 'AA+' from 'AAA', citing fiscal deterioration, a growing debt burden, and erosion of governance.
Federal Reserve Takes Rates to 22-Year High
Discover the Federal Reserve's unprecedented move as it raises interest rates to a 22-year high in response to a surge in the economy. Learn about the implications and reasons behind this decision to tackle inflationary concerns.
Bank of Canada Responds to Economic Pressures with 5% Rate Hike
Facing persistent inflation and robust economic growth, the Bank of Canada takes decisive action, raising its key interest rate to 5%. Explore how this policy change aims to restore price stability and shape Canada's economic outlook for the coming years.
Federal Reserve Signals More Hikes After Current Pause
Explore our analysis of the Federal Reserve's June 14, 2023 decision to pause its rate-hiking campaign. Understand the implications of this pause, the Fed's future interest rate projections, and its revised economic growth and unemployment forecasts.
Canada's Central Bank Boosts Policy Rate 25bps, Quantitative Tightening Endures
Get the latest updates on the Bank of Canada's recent interest rate increase and its ongoing quantitative tightening strategy. Learn how these changes reflect global economic conditions and their potential impact on Canada's robust economic growth.
The Tax Advantages of Discounted Bonds Over GICs
Discover the hidden potential of discounted government bonds and learn how they can boost your after-tax returns beyond GICs in non-registered and corporate accounts.
Fed Raises Interest Rates Again, Aiming for Stability
In a bid to achieve economic stability and a 2% inflation target, the Federal Reserve has raised the key federal funds rate for the 10th consecutive time, reaching a 16-year high. Learn about the impact on the economy and the central bank's commitment to returning inflation to its target level.
S&P Downgrades BC's Credit Rating, Province Remains on Par with Saskatchewan as Highest Rated
British Columbia's credit rating was recently downgraded by S&P Global Ratings from AA+ to AA, largely due to the province's 2023 budget.
Bank of Canada Maintains Overnight Rate
The Bank of Canada today decided to leave the overnight lending rate unchanged at 4.5% and signalled a continuation of quantitative tightening.
Government of Canada Releases $491B Budget, Deficit Projected at $40B
The budget projects program spending to reach nearly $491 billion in the next fiscal year, along with the deficit set to reach $40 billion.
Fed Hikes Rates by 25bps, Gives US Banking Assurances
The Federal Reserve raised its benchmark interest rate today (March 22, 2023) by 25 basis points in response to growing concerns about elevated inflation and an overheating economy.
Laddered Bond Strategy
Most investors want to earn more from their cash. For those seeking a higher return while minimizing risk, one option is a laddered bond strategy.
An Update Regarding The U.S. Banking System
What we have done and what we are doing to provide assurances.
Bank of Canada Holds Interest Rate, Continues Quantitative Tightening
The central bank has decided to hold its key rate at 4.5% while reiterating it is taking a wait-and-see approach with respect to monetary policy.
Fed Hikes Rates by 25 bps, Anticipates More in Future
“Inflation has eased somewhat but remains elevated” the Federal Open Market Committee relayed in a statement.
Bank of Canada continues Quantitative Tightening, Hikes Interest Rate by 25 bps
“We have raised rates rapidly, and now it’s time to pause and assess whether monetary policy is sufficiently restrictive to bring inflation back to the 2% target,” Tiff Macklem said.