finance

Bank of Canada cuts key rate to 1.25 per cent amid coronavirus concerns

Mar 4, 2020 | 1:51pm

The Bank of Canada slashed its key interest rate target by half a percentage point, dropping it to 1.25 per cent in what economists saw as a rapid response to the growing economic shock from the novel coronavirus outbreak. The central bank said Wednesday that it cut its target for the overnight rate because COVID-19, […]

Federal government in good financial shape, provinces not so much: PBO

Feb 27, 2020 | 12:05pm

OTTAWA — Parliament’s budget watchdog says the federal government has room to increase spending and still remain financially sustainable over the long run, though the same can’t be said for many provinces. In a new report, parliamentary budget officer Yves Giroux says based on current policies and programs, the federal government could permanently increase spending […]

Bill Morneau takes shot at Tories over recession talk in wake of fiscal update

Dec 22, 2019 | 7:43pm

The political war-of-words around the national economy took another turn on Sunday’s political talk shows as the federal finance minister warned Conservatives to cease claims of a looming recession. Finance Minister Bill Morneau also suggested in separate broadcast interviews that the country’s economic track will have a bearing on how the Liberals steer their government’s […]

Premiers emerge from Toronto meeting saying fiscal stablization program needs a fix

Dec 2, 2019 | 5:54pm

  For the first time since the federal election, Canada’s premiers had a chance to sit down with one another Monday in Toronto to talk about a variety of things at their Council of the Federation meeting which was chaired by Saskatchewan Premier Scott Moe. The premiers issued a communique at the end of the […]

Credit union customers in Saskatchewan having problems making transactions

Sep 8, 2019 | 3:24pm

Anyone who is a customer of some Saskatchewan credit unions had some problems Sunday. Those using their card for transactions or activity at an ATM were unable to get them completed due to a widespread power outage. Affinity and Servus Credit Unions were also having problems. The problem started early Sunday afternoon, but was fixed […]

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