Bank of Canada Rate Announcement No change in the Bank of Canada's policy rate was announced, leaving it unchanged at 1.75 per cent. The Bank took a more dovish tone than in October citing several factors that could keep rates lower for longer.
Retail sales growth stalls; tourism remains strong(Business in Vancouver, article by Bryan Yu, Central 1's deputy chief economist) B.C. retail sales were little changed in September, pointing to softness in consumer demand, while wildfires that swept through the B.C. Interior also tempered gains.
Communication from the Ontario Insurance Advisory Council(log in required) Several years ago, the Ontario Master Bond Program (MBP) was amended to eliminate the involvement of the Credit Union Deductible Fund (CUDF) -a self-insurance fund - as the first layer of coverage. The MBP has been fully insured by The Credit Union Bonding Program (TCUBP) since then.
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