The Bank of Canada is anticipated to announce a significant interest rate cut today, potentially lowering it to 3.25% amid rising unemployment concerns.
Ottawa: So, the Bank of Canada is making waves today with a big interest rate cut on the horizon. They’re expected to drop it by half a percentage point, which would bring the key rate down to 3.25%. This comes after the jobless rate ticked up to 6.8%, making folks a bit anxious.
And while that’s happening, Prime Minister Justin Trudeau is gearing up to chat with the provincial premiers about trade with the U.S. They’re worried about potential tariffs from the new U.S. president, Donald Trump. It’s a pretty big deal, especially since Trudeau just had dinner with Trump recently.
On another note, Canada Post is in a bit of a pickle. Their workers have been on strike for nearly a month now, and tensions are rising. The union is pushing back against Canada Post’s claims that their proposals are making things worse. Over 55,000 workers are involved, and it doesn’t look like a resolution is coming anytime soon.
In Ontario, there’s a shake-up in long-term care homes. Nurse practitioners might soon take over some medical roles instead of just physicians. This could change how care is delivered, which is a big step forward for the sector.
Lastly, in Quebec, there’s a debate brewing about whether to remove the name of Lionel Groulx from public spaces due to his controversial views. He was a significant figure in Quebec’s history, but his legacy is now under scrutiny.
This news roundup gives you a quick peek into what’s happening across Canada today!
