Tyab Wealth Management

Thousands of Canadian small businesses risk bankruptcy after the government ended pandemic-era support in January. Of the 900,000 small businesses who took government support during the pandemic, a fifth have not yet repaid their loans, Finance Minister Chrystia Freeland said this week. For more market insights, contact us.

Source: https://www.reuters.com/world/americas/canada-braces-possible-wave-business-bankruptcies-2024-02-01/

The Bank of Canada held its policy rate steady at 5% for a fourth consecutive meeting this week. The decision suggests the bank sees a rapidly slowing economy and believes its past rate increases are enough to beat inflation. For more market insights, contact us.

Source: https://www.bnnbloomberg.ca/bank-of-canada-holds-key-rate-at-5-signals-it-s-done-with-hikes-1.2025874