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Mainstream Business News

Rising interest rates could negatively impact Ontario’s economy:Report

Rising interest rates could n THE CANADIAN PRESS TORONTO- Rising interest rates could have a “significant” impact on Ontario’s economy as the already ballooning household debt is projected to continue to grow, warns the province’s fiscal watchdog. The Financial Accountability Office said in a report released Tuesday that an average Ontario ...

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Bank of Canada hikes interest rate on strong economy, but underlines NAFTA risks 

By Andy Blatchford THE CANADIAN PRESS OTTAWA- The economy’s impressive run prompted the Bank of Canada to raise its trend-setting interest rate Wednesday for the third time since last summer, but looking ahead it warned of growing uncertainties about NAFTA. The central bank pointed to unexpectedly solid economic numbers as ...

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Bank of Canada hikes interest rate to 1.25%, cites strong economic data

By Andy Blatchford THE CANADIAN PRESS OTTAWA- The economy’s impressive run prompted the Bank of Canada to raise its trend-setting interest rate Wednesday for the third time since last summer, and to send a signal that more increases are likely on the horizon. The central bank pointed to unexpectedly solid ...

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Champagne to announce ombudsman for corporate social responsibility

By Mike Blanchfield THE CANADIAN PRESS OTTAWA – The Liberal government is planning to make good on a campaign promise to create an ombudsman with teeth to oversee the conduct of Canadian companies operating abroad. International Trade Minister Francois-Philippe Champagne is expected to announce the creation of a new position ...

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