Posted 1/24/2024, 2:47:11 PM
Bank of Canada Pauses Rate Hikes, Eyes Cuts Amid Economic Headwinds as MP Seeks Trudeau Review and UK Billionaire Pleads Guilty to Insider Trading
- Bank of Canada holds interest rates steady at 5% and shifts focus to potential rate cuts rather than hikes
- BoC highlights economic challenges from mortgage renewals, slower population growth, business loan repayments
- Liberal MP calls for Trudeau leadership review, wants party members to express themselves
- Bank of Canada may end stimulus unwinding sooner than expected after money market strains
- British billionaire Joe Lewis pleads guilty to US insider trading charges, apologizes to judge