Royal Bank of Canada joined its peers this quarter in setting more money aside for potentially bad loans, but the bank is also working to position itself to capture the substantial sums of money lying in wait for when economic trends shift.
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Labour market gains 41K jobs in Canada, supports Bank of Canada holding rates for longerStatistics Canada said February's increase in the labour market was driven by a rise in full-time work.
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Bank of Canada worries a rate cut now could overheat the spring housing marketBank of Canada Governor Tiff Macklem holds a press conference at the Bank of Canada in Ottawa on Wednesday, March 6, 2024. THE CANADIAN PRESS/Sean Kilpatrick
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CIB and First Nations Bank of Canada announce $100 million loan participation agreementCanada's construction news
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Bank of Canada expected to hold interest rates this weekThe Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate cuts in the coming months.
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Ontario premier calls on Bank of Canada to start lowering interest ratesOntario Premier Doug Ford says the people “need a break” from high interest rates, a day before the Bank of Canada announcement.
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'It's still too early': Bank of Canada holds benchmark rate, reiterates risk to inflation outlookThe decision marks the fifth time that the central bank has held its key rate at 5 per cent.
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