CashNews.co Open this photo in gallery: Equifax’s Global Consumer File will help lenders make more informed decisions for newcomers who have not already established a credit history in Canada.Tami Chappell/Reuters Equifax Canada Inc. EFX-N has launched a new service to help newcomers access their credit history from their countries of origin in order to give […]
CashNews.co Washington — The U.S. on Wednesday finalized its $20 billion portion of a long-awaited $50 billion loan to Ukraine backed by frozen Russian assets. The funds are to be available by year’s end for economic and military aid. U.S. Treasury Secretary Janet Yellen and Ukrainian Finance Minister Sergii Marchenko signed an agreement for the […]
CashNews.co As one of the signature events ahead of the Commonwealth Heads of Government Meeting (CHOGM), the 2024 Commonwealth Climate Breakfast this year focused on building consensus for climate finance targets in the run-up to COP 29. The packed room was addressed by the Prime Ministers from Tonga Siaosi Sovaleni and Tuvalu Feleti Teo; the […]
CashNews.co The Bank of Canada cut its benchmark interest rate by 50 basis points to 3.75 per cent on Wednesday, marking its fourth consecutive cut since June. Canada’s central bank declared monetary policy has worked and that the country is back to its inflation target. Wednesday’s super-sized cut was widely expected by markets and economists, […]
CashNews.co On October 9, 2024, the Government of Canada announced that it intends to enact legislation to mandate climate-related financial disclosures for large, federally incorporated private companies. At the same time it released plans for voluntary Made-in-Canada sustainable investment guidelines (Made-in-Canada Guidelines), also referred to as a sustainable finance taxonomy. These announcements follow earlier commitments […]
CashNews.co New immigration policies enacted by the Canadian government in 2023 and 2024 are projected to remove billions from the revenue base of Canada’s post-secondary system over the next two years. Policy background For those unfamiliar with the many changes that Canada’s immigration minister has imposed in the past year, here’s a summary: Ontario will […]
CashNews.co (Bloomberg) — The Bank of Canada stepped up the pace of interest-rate cuts and signaled that the post-pandemic era of high inflation is over. Most Read from Bloomberg Policymakers led by Governor Tiff Macklem lowered the benchmark overnight rate to 3.75% on Wednesday, the biggest reduction in borrowing costs since March 2020 during the […]
CashNews.co The Bank of Canada has lowered its key interest rate to 3.75 per cent with a 50 basis-point cut, twice the size of the previous cut. Economists were largely expecting the central bank to make a bigger-than-usual cut. As concerns over inflation have subsided, the bank has focused on cutting to support economic growth, which has slowed under […]
CashNews.co A string of soft economic data sets the stage for a 50 basis point rate cut from the Bank of Canada, according to Capital Economics. The data releases include shelter costs, which governor Tiff Macklem called “still much too high” last month. Bradley Saunders, North America economist for Capital Economics, highlights a 0.1 per […]
CashNews.co A look at the day ahead in U.S. and global markets from Mike Dolan The dollar continues to ride higher on the back of an anxious pre-election climb in U.S. Treasury yields, notching its best levels in almost three months against the euro and yen on starkly contrasting economic and interest rate pictures. With […]