Bank of Canada says economy is not heading for a 'serious recession'

FILE PHOTO: Governor of the Bank of Canada Tiff Macklem walks outside the Bank of Canada building in Ottawa

"We're not going to be forecasting a serious recession," Macklem told reporters in a call from Marrakech, Morocco, where he was attending an IMF meeting. The rate announcement will be accompanied by an update of the bank's economic forecasts. Barbara McQuade explained why the former president now has a critical decision to make in his election interference case, which could end with even more scrutiny.

NEW YORK -Digital World Acquisition Corp, the SPAC that plans to merge with former U.S. President Donald Trump's media and technology company, said this week it would return to investors $533 million raised for the deal, after some have already backtracked on $467 million of commitments.

Historian says Trump has been 're-educating' his followers to embrace violence and that Matt Gaetz is now doing the same

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Canada Bank Watchdog Flags Risk of Higher Borrowing CostsCanada’s main banking regulator flagged elevated borrowing costs as a growing risk to the country’s financial system, as housing and commercial real estate remain top vulnerabilities.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Canada bank watchdog flags risk of higher borrowing costsCanada’s main banking regulator flagged elevated borrowing costs as a growing risk to the country’s financial system, as housing and commercial real estate remain top vulnerabilities.
Source: BNNBloomberg - 🏆 83. / 50 Read more »