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What’s the Logic Behind the Bank of Canada’s 5% Decision? [Video]

Categories
Canadian Politics and Government

What’s the Logic Behind the Bank of Canada’s 5% Decision?

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On this episode today, we’ll take the look at the Bank of Canada’s decision to maintain its overnight rate at 5%, unpacking the key factors behind this decision and its implications for the economy.

Also on today’s episode:

💳 Equifax reports concerning trends in consumer debt, particularly in Ontario and British Columbia.
💻 The rise of fake websites impersonating real companies and the financial losses they’re causing for unsuspecting consumers.
⚖️ Two legal battles faced by Apple, including a hefty fine imposed by the European Union and a settlement in a class-action lawsuit regarding the deliberate slowing down of older iPhone models.

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Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.

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