How will new POSITIVE Inflation Data Affect BoC Decision?
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In this episode, we dive into Canada's economic landscape as February sees a surprise drop in the inflation rate to 2.8%, coming in lower than economists' predictions and signaling a move towards more affordable living costs for Canadians. What affect will this new data have on the Bank of Canada's next rate decision?
Also in this episode:
🇺🇸 The US Federal Reserve holds interest rates steady, maintaining the target range while noting solid economic expansion and easing inflation.
🌏 TD Bank partners with HDFC Bank in India, aiming to attract international students to Canada by easing financial prerequisites for study permits.
🇯🇵 Japan raises its key interest rate for the first time in 17 years, shifting from negative to slightly positive rates amidst wage growth and inflation concerns.
📰 Canada and Google reach an agreement on the Online News Act, ensuring annual payments to Canadian news organizations, preserving access to local news online.
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