Open banking to 'increase competition in the market,' provide choice: industry players
Industry players welcomed the open banking measures in the budget, saying it could spur competition in Canada’s lending landscape.
Industry players welcomed the open banking measures in the budget, saying it could spur competition in Canada’s lending landscape.
Economists say the impact of Ottawa’s move to raise the inclusion rate on capital gains taxes will impact financial corporations most of all.
The nation’s economy slowed sharply last quarter to a 1.6 per cent annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace.
The Canadian Medical Association asserts the Liberals' proposed changes to capital gains taxation will put doctors' retirement savings in jeopardy, but some financial experts insist incorporated professionals are not as doomed as they say they are.
Members of the Bank of Canada's governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month.
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