Governor Tiff Macklem delivered this prepared statement
Rents dropped for the second month in a row after more than three years of increases
The decision was not related to National Bank of Canada's plan to acquire the company
The policy decision will lower real GDP by $7.9B in 2025, $16.2B in 2026, Conference Board of Canada estimates
The bank says it will put out its year-end results in mid-December
The company bought back the 20% stake in the business that was owned by Scotiabank in 2023
The bank's profit level is up about $10M from the same period last year
Revenue for the quarter totalled $6.62 billion, up from $5.85 billion in the same quarter last year
Statistics Canada says the country's merchandise trade deficit narrowed to $924 million in October
The bank's quarterly dividend per share has also gone up