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Tony Stillo, director of the Canadian economy at Oxford Economics, said the Conservative Party's agenda could have a major impact on Canada's economic prospects in 2025 and beyond, and if Canadians vote to remove the incumbent Liberal Party, the details will be the devil. Canadian Prime Minister Trudeau has decided to resign and asked Governor-General Mary Simmons to adjourn the meeting so that the Liberal Party can choose a new leader. Stillo said Canada could hold a...
Tony Stillo and Michael Davenport of Oxford Economics said the Bank of Canada's rate cut today did not completely abandon its previous message that the rate cut would be decided on a meeting-by-meeting basis, and it still underlined concerns about rising inflation in housing and services. Analysts believe this means that the possibility of a significant 50 basis point rate cut is temporarily non-existent. But as the Bank of Canada refocuses on downside risks, economic weakness and slowing inflat...
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