Interest rate anchor
The Canadian economy isn’t living up to expectations forcing policy makers to leave rates unchanged.
- The Bank of Canada left interest rates unchanged at 1% on Tuesday and reminded Canadians it still believes the cost of borrowing will go up at some point in the future.
- Working Canadians, regardless of educational pedigree, are delaying retirement by at least two years on average, according to a new report by Statistics Canada.
- Income trusts are back. Canadian Business magazine explains why after four energy income trusts recently went public.