During a recent press conference on monetary policy, Tiff Macklem, Governor of the Bank of Canada, hinted that a rate cut could be possible in June if inflation levels continue to decline sustainably. The latest data shows that Canada's annual inflation rate for April was 2.7%, the lowest in nearly three years, and the monthly inflation rate was 0.5%, slightly lower than March's 0.6%, which also met market expe...
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The "Big Five" refers to Canada's five largest banks—Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce—which dominate and significantly influence the country's financial sector. The "Big Five" refers to Canada's five largest banks—Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce—which dominate and significantly influence the country's financial sector.
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