A timeline of Bank of Canada rate hikes By Published: October 25, 2023 Introduction The Bank of Canada has raised its interest rates to five per cent over the past year and a half, from a low of 0.25 per cent in March 2022. With inflation trending downward and the economy showing signs of slowing, […]
Investment experts react to Scotiabank layoffs Scotiabank‘s recent announcement of job cuts, affecting three percent of its workforce, has prompted reactions from investment experts who believe that this move reflects the challenging economic environment faced by Canadian banks. Additionally, Scotiabank revealed that it will incur other charges that will impact its fourth-quarter earnings by approximately […]
Amazon Prime Day Loses Its Catalyst Effect Shift in Investor Focus to AWS Amazon’s annual Prime Day, once a major driver for the company’s stock, no longer holds the same significance for investors as e-commerce takes a backseat to Amazon Web Services (AWS), its cloud-computing unit. In the past four years, Amazon shares have consistently […]
