Ontario plans to start posting budget surpluses in a year, leaning heavily on booming revenues to outweigh increased spending on health care – which includes boosts to hospitals, home care and the medical workforce.
Economists told BNNBloomberg.ca that the banking crisis to the south and its influence on the U.S. Fed’s monetary policy plans may give the Bank of Canada more confidence in its decision to hold its key interest rate at 4.5 per cent.
The CRTC said it is already reviewing wireless roaming fees as Industry Minister François-Philippe Champagne signalled concerns about companies hiking rates even as phone bills in other jurisdictions are on the decline.
Restoring confidence in the U.S. banking system is likely to be the Federal Reserve's next focus following its latest interest rate hike, according to the former head of the Federal Reserve Bank of Kansas City says.
North American equity markets are making a break for positive territory after yesterday’s topsy-turvy session left major indices firmly in the red.
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