Here’s the Bank of Canada’s official statement for its interest rate decision on Wednesday, December 4, 2019: The Bank of Canada today maintained its target for the overnight rate at 1.75 per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1.5 per cent. The Bank’s October projection for global economic growth appears to be intact. There …

Sunjit Lidhar was awoken by a phone call from Scotiabank last February, informing him that $3,000 had been transferred out of his savings account and was gone.“My heart pretty much dropped to my stomach,” Lidhar told Go Public from his home in Surrey, B.C. “We just assume our money’s safe.”Soon after, the cybercriminals stole another $2,000. But worst of all, …

The Montreal-based plane and train maker said in a statement that two existing contracts in the province are slated to wind down and the plant has no new trains to build. Bombardier has been winning work and expanding its rail car manufacturing in the United States, including the June announcement of a new facility in California that will assemble rail …

Canada’s main stock index rose on Tuesday, driven by gains in energy shares on the back of a surge in oil prices. – At 9:33 a.m. ET (14:33 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 40.58 points, or 0.26 percent, at 15,609.43. – World stocks also advanced on optimism about U.S.-China trade talks and cheered Washington’s deal …

Asian shares gained on Tuesday as investors hoped a new round of U.S.-China trade talks would help to resolve a dispute that has dented global growth and some corporate earnings. Market sentiment also got a boost on news U.S. lawmakers had reached a tentative deal on border security funding that could help avert another partial government shutdown due to start …

When Tesla Inc announced last month a second round of job cuts to rein in costs, one crucial department was particularly badly hit. The automaker more than halved the division that delivers its electric vehicles to North American customers, two of the laid-off workers said. Some 150 employees out of a team of about 230 were let go in January …

The Bank of Canada looks set to leave interest rates unchanged next month despite bumper jobs numbers in January that far exceeded market expectations and highlighted the strength of the Canadian economy, analysts said. Statistics Canada reported on Friday that employers added 66,800 jobs in January, far better than the gain of 8,000 that analysts forecast in a Reuters poll, …

Uncertainty over U.S. trade policies is holding back Canadian business investment despite strong economic fundamentals, helping temporarily slow growth, a deputy governor of the Bank of Canada said on Wednesday. Timothy Lane also pointed to lower oil prices and a softening housing market as factors hindering growth, in contrast to the U.S. economy, which is powering ahead on the effects …

Canada’s main financial regulator is coming under increasing pressure from banks and mortgage industry lobbyists to ease a stress test designed to cut out risky lending, but the regulator is expected to hold off on changing the rules, three sources with direct knowledge of the matter told Reuters. Proponents of a change say easing the terms of the test would …

TORONTO (Reuters) – The unlikely combination of freshwater fish and cannabis is producing outsized medical marijuana crops that Green Relief Inc aims to capitalize on, as the Canadian company plots a stock market listing and global expansion. In an underground southern Ontario facility surrounded by farmland, Green Relief operates a cutting-edge aquaponic farm, using filtered fish waste to fertilize cannabis …