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federal fiscal updatefinancialpost
•73% Informative
Bank of Nova Scotia economist Rebekah Young suggests Canadians might have to wait until after Christmas for a national update.
Young: More spending is clearly in the offing, but rumours are swirling that there won’t be a fiscal update at all.
She said the Liberals may add $15 billion in net new spending in the fiscal update while “mostly” adhering to the fiscal guardrails it erected in the spring budget.
Markets are betting on a quarter -point cut to the Bank of Canada’s policy rate next week , writes MortgageLogic.news strategist Robert McLister .
The bad news is the leading variable rate discounts from prime are shrinking.
Good debt can boost investment wealth, but beware its bad twin.
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