Will the Bank of Canada Cut its Policy Interest Rate from 4.75% on July 24th, 2024?
Ever since Bank of Canada governor Tiff Macklem and his board decided to cut the Bank of Canada’s policy interest rate from 5% to 4.75% – the first rate cut since the 2020 pandemic – which was announced in Ottawa on June 5th, 2024, individuals, businesses, and the capital markets… Read more »
Solve Low Labour Productivity in Canada: Businesses Need Investments, Less Taxes, Less Homeownership Obsession
Economists at the Bank of Canada have been blaring the alarm about a problem in Canada’s economy that’s even more important than, but inextricably linked to, inflation. This problem is the consistently stagnant and even declining rate of productivity in Canada. It is close to the bottom of the ranking… Read more »
Business Loans: Will the Bank of Canada Hold or Cut the 5% Interest Rate on March 6, 2024?
What are the actual current odds of rate cuts by the Bank of Canada? 16% chance of a 0.25% cut in interest rates in Canada in March 2024.
Canada’s inflation rate fell below 3% – How will this affect your business loan interest rate?
According to Statistics Canada, the inflation rate in Canada fell to 2.9% in January 2024, which is a significant decrease from the inflation rate of 3.4% in December of 2023.
CEBA Loan due Jan 18, 2024. What To Do if You Can’t Pay?
What is Canada Emergency Business Account (CEBA) Loan? The COVID-19 pandemic lockdowns hurt a lot of small and medium-sized businesses across Canada that were struggling just to keep their lights on. Many businesses didn’t survive and went out of business. In order to help small businesses, the Canadian federal government… Read more »