Economists from Canada’s major banks predict that the Bank of Canada will hold its key interest rate steady at 4.5 percent on Wednesday, as inflation in the country continues to slow. “After announcing a conditional pause on interest rate hikes in January, the central bank is widely expected to make a second consecutive decision to hold,”…
Bedard Sets 5 Records, Canada Beats Slovakia in OT to Advance to World Junior Semis
Canada is off to the semifinals at the world junior hockey championship. Connor Bedard scored at 5:17 of overtime on an incredible individual effort as the tournament hosts defeated Slovakia 4-3 on Monday. The extraordinary 17-year-old deked his way past three Slovaks before backhanding his eighth goal of the event to blow the roof off…
Federal Inflation Relief Package Likely to Drive Inflation: Scotiabank Economist
The federal package aimed at helping low-income earners weather inflation announced on Sept. 13 is likely to result in driving inflation up, says a Scotiabank economist. “We will be assessing the implications for price pressures into H1 [first half of the year] but it seems sensible to assume that this will add to pressures on…
Canada’s Fiscal Policy-Makers Are ‘Doing Nothing of Significance’ to Slow Inflation: Scotiabank
Reining in government spending could help the Bank of Canada fight surging inflation, lower interest rates, and shift the burden of adjustment away from the private sector and split it more equitably between the public and private sectors, says the Scotiabank. In the report released June 19, Scotiabank’s chief economist Jean-François Perrault and modelling director Réne Lalonde…
Scotiabank Sees Sharp Upside In StoneCo
Analysts have different takes on StoneCo Ltd., a financial technology solutions provider. Scotiabank analyst Jason Mollin initiated coverage with a Sector Perform rating and a $22 price target, implying a 30 percent upside. Mollin rolled out coverage on a trio of Brazilian payments and fintech players, which he noted together represent about 50 percent of…
Scotiabank Sees 50 Percent Upside in This Fintech Company
Scotiabank analyst Jason Mollin initiated coverage of PagSeguro Digital Ltd with an Outperform rating and a $39 price target, implying a 50 percent upside. Mollin rolled out coverage on a trio of Brazilian payments and fintech players, which he noted together represent about 50 percent of the Brazilian acquiring market’s total payment volume or TPV….
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