Strength of jobs market seals the deal
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The Bank of Canada makes a rate decision on Wednesday, but no one’s calling for an increase—certainly none of the big banks. The banks do, however, have plenty to say when it comes to forecasting when the next hike will occur. BMO strategist Benjamin Reitzes suggests the hike could come sooner than later. In a […]
2017 has been "a record year for the bank," says president and CEO Vachon
Scotiabank's model provides a forecast
Canadian consumers want their banks to embrace the digital age.
The federal government has named the 10 board members who will steer the new Canada Infrastructure Bank. The arm’s-length corporation based in Toronto will be responsible for financing large infrastructure projects across the country, leveraging $35 billion in government funding. Former RBC executive Janice Fukakusa is chair of the board and will lead the search […]
Why the backdrop for equities today actually remains quite supportive
This week, the Bank of Canada held fast to its 1% benchmark rate. In a report, Desjardins economists describe the historically low rate as “reflective of highly expansionary monetary policy.” They thus expect normalization of rates in the coming quarters, albeit at a gradual pace. “A third increase could be announced either in December or, […]
Scotiabank has partnered with Latin America-based NXTP Labs