Bank of Canada reduces key interest rate

The Bank of Canada announced today a reduction in its key interest rate to 4.5%. Governor Tiff Macklem indicated during a news conference that further cuts may be considered if inflation continues to decline.

Concerns arose in May when inflation climbed to 2.9%, leading to doubts about potential rate cuts in July. However, June’s inflation report showed a decrease to 2.7%, indicating a stabilization in price pressures.

Analysts are now speculating that the Bank of Canada could pursue additional rate cuts based on these recent developments.

Loads of money.
Balzac Billy Groundhog Day

Balzac Billy predicts early Spring

Alberta’s human sized groundhog Balzac Billy popped out of his burrow on Sunday and predicted an early Spring. He spun around, unsuccessfully trying to find his shadow and pulled out a bouquet predicting which signifies a shorter Winter. Both last...

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The tariffs on Canada have been paused

Canada’s Prime Minister, Justin Trudeau, had a phone call yesterday with U.S. President Donald Trump regarding both the U.S. tariffs and Canada’s counter tariffs. They were able to come to an agreement, and the tariffs will be on hold for...

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Walterdale Bridge with skyline at night in winter

“It’s a dry cold”

While the wind has lightened and changed direction from north to east, it’s still rather chilly and the risk of frostbite is real.  There will be periods of light snow all day that will end late in the evening with...

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