A jumbo rate cut and worries about deflation Published by Hilliard MacBeth on Oct 25, 2024 The Bank of Canada made a jumbo rate cut, its fourth cut to the benchmark interest rate. The 50 basis points cut brought the policy rate to 3.75 percent. The justification for such a large cut is that CPI inflation has dropped below the target of 2 percent... Read more
The U.S. election is too close to call Published by Hilliard MacBeth on Oct 18, 2024 The U.S. election on November 5 2024 is touted as a major event, as the policy and style differences between the two candidates are unusually large. Given how close the polls are — within the margin of error — there is a high degree of uncertainty and... Read more
Scientists receive Nobel Prizes amid controversy over AI research Published by Hilliard MacBeth on Oct 11, 2024 Canadian physicist Geoffrey Hinton and three other scientists received Nobel Prizes this week for work related to advances in artificial intelligence. Their discoveries have the potential to revolutionize mankind’s ability to cure disease. But these advances... Read more
Canada is falling behind the U.S. Published by Hilliard MacBeth on Oct 04, 2024 Canada is falling behind the U.S. in economic growth. Up until a few years ago, Canada and its huge neighbour to the south grew by about the same annual rate. But since 2022 Canada is falling behind by most measures. What happened? The Economist wrote... Read more