The Daily Chase: Bank of Canada to release interest rate decision; Rogers-Shaw appeal dismissed - BNN Bloomberg

to increase its benchmark interest rate for the eighth straight meeting, albeit by a more typical quarter of one per cent. That would bring the key rate to 4.5 per cent – a rather dramatic rise from the pandemic era emergency low of 0.25 per cent just a year ago – though the big question becomes whether Macklem & Co. hit the pause button after this rate increase as signs emerge of price pressures beginning to ease.

that softer economic conditions will weigh on growth in the year ahead. CN Rail is expecting earnings per share growth to come in at a low-single digit range in fiscal 2023 due to those macroeconomic conditions, though it's worth noting the company did report results that topped analyst estimates in the fourth quarter. To get into those Q4 results briefly – revenues were up 21 per cent as the company got a boost from higher freight rates.

Shares of Microsoft are lower in the premarket – down about three per cent – after the company warned revenue in its cloud-computing division will slow in coming months. Panamanian Minister of Commerce Federico Alfaro Boyd says the Central American country is prepared to face arbitration with First Quantum Minerals in the tax dispute over the miner's Cobre Panama mine.Notable earnings: Abbott Laboratories, Boeing, AT&T, Kimberly-Clark Corp., AGF Management, Celestica, CSX Corp.

The House of Common's industry and technology committee will re-examine Rogers Communications proposed takeover of Shaw Communications

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