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Canadian Rate Cuts Will Take Months to Help Consumers, Scotiabank Says

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While expectations for lower borrowing costs are building, it will take as long as three quarters for interest-rate cuts “to really bear fruit” for bank customers, according to a Bank of Nova Scotia executive.

Canadian Rate Cuts Will Take Months to Help Consumers, Scotiabank SaysEU Nears Deal on Failed Lenders in Path to Closer Banking TiesEurope’s Biggest Pension Fund Sells €10 Billion in Fossil FuelsJapan’s Yen Falls to Weakest in Almost 16 Years Versus PoundGreek-Owned Ship Takes on Water After Being Struck in Red SeaOil Floats on Tankers in the North Sea on Weak Demand SignalsGodongwana Says to Stay as S.

7% in April following weak Q1Immigration and pent-up demand drive growing car sales in CanadaGoldman pushes first Fed rate cut call to September from JulyU.K. urges Canada to ratify its entry into Pacific trade pactU.S.

 

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