Payment firms including Mastercard Inc. and Block Inc. are banding together with fintech companies to press Canada to move faster on rules that may boost competition in financial services.
A former deputy governor of the Bank of Canada says the central bank’s aggressive rate hikes have effectively slowed the economy, making a soft landing likely, though he cautions that outcome is not guaranteed.
Here are five things you need to know this morning.
From ultra-low interest rates that led to a huge spike in real estate demand to the speed with which interest rates shot up to levels not seen in a generation, it’s been hard to keep up with the shifting landscape for mortgage holders.
The federal government posted a budgetary deficit of $1.2 billion during the first four months of its fiscal year, compared with a surplus of $6.3 billion during the same period a year earlier.
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