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interest rate

The Federal Reserve Could Lower Interest Rates, Which Is Good News For Your Car Loans

by Adesola Mojo
The Federal Reserve Could Lower Interest Rates, Which Is Good News For Your Car Loans

Photo: Justin Sullivan (Getty Images) Jerome Powell, chairman of the Federal Reserve, said earlier today that inflation is on its way back down to reasonable levels — levels that would …

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Categories Automobile

Bank of England joins global easing cycle with 1st rate cut in 4 years – National

by Adrian Jhonsan
Bank of England joins global easing cycle with 1st rate cut in 4 years – National

The Bank of England has cut interest rates for the first time since the onset of the COVID-19 pandemic in early 2020 as inflationary pressures in the economy have eased. …

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Categories World

Commercial vehicle sales volume to fall 3-6 pc in FY25: Report

by Adesola Mojo
Commercial vehicle sales volume to fall 3-6 pc in FY25: Report

New Delhi: Commercial vehicle sales volume is expected to decline 3-6 per cent in the current fiscal due to a slump in demand, according to a report by CareEdge Ratings. …

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Categories Automobile

Why MP questions put the Bank of Canada governor in a political minefield – National

by James Odonell
Why MP questions put the Bank of Canada governor in a political minefield – National

Bank of Canada governor Tiff Macklem navigates a political minefield every time he testifies before the House of Commons finance committee. Four times a year, members of Parliament get the …

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Categories Politics

Drop the mortgage stress test at renewal, competition watchdog urges Ottawa – National

by James Odonell
Drop the mortgage stress test at renewal, competition watchdog urges Ottawa – National

Canada’s competition watchdog is urging Ottawa to drop requirements for some borrowers to pass the mortgage stress test at renewal, arguing it limits Canadians’ abilities to shop around for a …

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Categories Politics

Carmakers raise FY24 sales growth projection to 8.2%

by Adesola Mojo
Carmakers raise FY24 sales growth projection to 8.2%

New Delhi: The country’s car industry has for the second time revised upwards its growth projections for this fiscal to more than 8%, nearly twice the rate projected at the …

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Categories Automobile

Pace of government spending ‘not helpful’ in efforts to tame inflation: Macklem – National

by James Odonell
Pace of government spending ‘not helpful’ in efforts to tame inflation: Macklem – National

The Bank of Canada’s efforts to tame inflation by raising interest rates are at odds with the projected pace of government spending, says governor Tiff Macklem. Macklem spoke to reporters …

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Categories Politics

Ottawa making financing cheaper for more builders to spur rental construction – National

by James Odonell
Ottawa making financing cheaper for more builders to spur rental construction – National

The Liberal government’s latest plan to get more rental housing built is to expand a program that helps developers secure cheaper mortgage rates as higher interest costs affect the viability …

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Categories Politics

Bank of Canada ‘remains independent’ amid political comments: Macklem – National

by James Odonell
Bank of Canada ‘remains independent’ amid political comments: Macklem – National

Bank of Canada governor Tiff Macklem reaffirmed the central bank’s independence on Thursday in response to politicians weighing in on the institution’s interest rate decisions over the past week. “I …

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Categories Politics

Could a Toronto Blue Jays playoff bid be a home run for the economy?

by Russel Berry
Could a Toronto Blue Jays playoff bid be a home run for the economy?

This year, September in Canada means two things: pressure ramping up on the Toronto Blue Jays as they chase an elusive wild card spot for a berth in the MLB …

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Categories Sports
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