The Bank of Canada has lowered its key interest rate by a quarter of a percentage point to 4.75 per cent. Here's what it could mean for your finances.The Bank of Canada's benchmark rate affects borrowing costs for banks, which means they're able, but not forced, to lower their own lending rates.
Those with a fixed-rate mortgage will not see their payments change until it comes time to renew their loans. Traders who scooped up Warren Buffett’s Berkshire Hathaway shares at a massive $620,000 discount during glitch will have their deals canceled by the NYSE Musk said he diverted the chips because "Tesla had no place to send the Nvidia chips to turn them on."Like most market-based investments, the price of gold gyrates in all directions. So how has it performed over the last ten years? If you invested $1,000 in gold a decade ago, how much would it be...Most, but not all, economists expect the central bank will deliver a cut of 25bps later this morning, which would make it the first to move lower in the G7 since 2020.
-- India’s stocks market plummeted, erasing $386 billion in market value, as tallies signaled that Prime Minister Narendra Modi’s ruling party was struggling to win a majority of seats in national elections, a stunning result after exit polls showed he was on pace for a landslide victory.
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