A spokeswoman for Health Minister Christine Elliott says the government is reviewing OHIP's Out-of-Country Traveller's Program as part of efforts to address the province's $11.7 billion deficit.
The Bank of Canada fully abandoned its bias toward raising interest rates as the economy grapples with a slowdown, bringing its policy in line with the Federal Reserve and other major industrial central banks.
This downward revision may come as a sigh of relief for debt-laden Canadian households, which are currently seeing the growth of debt payments outstrip the increase in income by the most since the financial crisis, thanks in part to the Bank of Canada’s five interest rate hikes since mid-2017.
Bank of Canada Governor Stephen Poloz will share his latest read on the Canadian economy this morning. And the first of Canada’s major crude producers is out with first-quarter earnings.
Chancellor of the Exchequer Philip Hammond said he’s searching for a candidate with the “right skills and experience” to take over from Carney, whom he praised for steering the U.K. economy through a “challenging period.”
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