Open banking is promising, will take time: DBRS
Competition may get a boost, but Big Six will remain dominant
- By: James Langton
- January 30, 2025 January 30, 2025
- 15:51
Competition may get a boost, but Big Six will remain dominant
Employers in expensive cities have to offer higher salaries to attract talent, which raises expenses and lowers productivity
The Big Six banks have decreased their prime rates to 5.2%
Q4 growth came in below economists' expectations; the economy grew 2.8% during the year
The ECB's benchmark rate sits at 2.75% now, as consumers fret about inflation and businesses navigate political risk
The central bank said it is harder to gauge where inflation is headed, in part because of uncertainty around Trump's policies
Exercise will examine turmoil driven by geopolitics, trade uncertainty
The divergence in rates, one of the factors weighing on the Canadian dollar, could persist for the next decade
This is the central bank’s sixth consecutive cut since June
Six in 10 businesses surveyed said they could withstand a prolonged trade war with the U.S.
It now expects the economy to grow at just 0.3% this year
Social isolation, financial insecurity, health care barriers plague retirees
Trade disruptions could threaten normalization of food inflation, grocery giant CEO says
Moving production fully to the U.S. estimated to cost auto producers US$50 billion
The Conference Board's consumer confidence index fell to 104.1 this month from 109.5 in December
The U.S. is one of the few countries that imposes tax based on citizenship, not residency
Canadians made up nearly one-quarter of foreign sellers in Florida between April 2023 and March 2024: report
Proposed tariffs on Canada, Mexico estimated to increase inflation in the U.S. by as much as 0.5 percentage points
Nvidia shares fell on 17% Monday, losing a record $589 billion in market capitalization
"Maybe Ben Bernanke can help out Mr. Trump with a lesson on the various factors leading up to the Great Depression," Scotiabank VP writes
Increased ESG messaging doesn’t always translate into tangible action
Pace of rate cuts expected to slow this year given positive economic reports
Canada's central bank has lowered its overnight rate five consecutive times