What Logic Does the Bank of Canada Use for its 5% Decision?

The Beavis Wealth Podcast

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In this episode, we dive into the Bank of Canada's latest decision to maintain its overnight rate target at 5%, amidst signs of economic stabilization and predictions for growth rebound in 2024.

Also in this episode:
- 💼 The firing of Royal Bank's CFO could lead to significant financial losses due to undisclosed relationships and preferential treatments.
- ⚡ U.S. inflation rates continue to challenge, making interest rate cuts by the Federal Reserve unlikely in the near future.
- 🔍 Canadian regulators are increasing scrutiny on insurance-pharmacy deals, aiming to protect patient care over business interests.
- 📲 iPhone 6 and 7 users in Canada may be eligible for compensation from Apple over a class-action lawsuit settlement regarding software issues.

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This content is intended for information purposes only. This content has been prepared by Beavis Wealth and represents its assessment at the time of publication. Beavis Wealth is compensated under this arrangement by BMO Exchange Traded Funds. The content contained herein does not necessarily represent the views of BMO Global Asset Management. The views expressed herein by Beavis Wealth are subject to change without notice. The content contained herein is not, and should not be construed as, investment advice to any party. Any securities described herein must be evaluated relative to the individual’s investment objectives and risk tolerance, and professional advice should be obtained with respect to the individual’s particular circumstances.

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