Bank Of Canada cuts rates by quarter percent Sep 4 2024 ,The Bank of Canada's decision to cut the interest rate by a quarter percentage point reflects its aim to address economic challenges, including slower growth and rising concerns about inflation. By reducing borrowing costs, the central bank hopes to encourage consumer spending and investment, providing a much-needed boost to t...

RATE CUT EXPECTED ON 4TH SEPTEMBER BoC ANNOUNCEMENT The Bank of Canada is expected to lower interest rates for the third consecutive time on Wednesday, September 4th, continuing its strategy to reduce borrowing costs. Economists and investors largely predict the central bank will reduce its benchmark interest rate by 0.25 percentage points to 4.25 percent, with additional cuts expecte...

Labour Day in Canada, and why it is celebrated In Canada, Labour Day has similar origins like Pullmans Strike and Haymarket’s affair linked to the labor movement. It is celebrated on the first Monday in September as well, and its establishment is partly attributed to the 1872 Toronto Typographical Union's strike for a nine-hour workday. The strike garnered significant public su...