Honda’s EV deal, Bank of Canada’s rate cut timing and capital-gains tax hike concerns: Business and investing news for April 28

Honda’s EV deal, Bank of Canada’s rate cut timing and capital-gains tax hike concerns: Business and investing news for April 28Prime Minister Justin Trudeau, left, walks the head of Honda Global, Toshihiro Mibe, centre, and Ontario Premier Doug Ford, right, as they tour the manufacturing line at Honda's plant in Alliston, Ont.

. The deal will expand the company’s Alliston, Ont., plant to manufacture electric vehicles and establish a stand-alone battery-manufacturing plant, as well as adding facilities for cathode materials and separator components. The governments say it is the largest ever single investment in Canada’s auto sector. Ottawa is expected to give Honda around $2.5-billion through tax credits, and Ontario has committed to providing up to $2.

, according to a Statistics Canada report published this week. The real gross domestic product per capita would need to grow at an average annual rate of 1.7 per cent to return to trend over the next decade. The report’s authors write that “per capita growth of this magnitude is ambitious and a marked departure from recent trends.” Canada’s declining economic performance on a per person basis has become a hot topic of discussion over the past couple of years.

that took place ahead of the April 10 rate decision shows the six-person council is becoming more confident that inflation is on a path back to the 2-per-cent target. This opens the door to interest-rate cuts in the coming months, Mark Rendell reports. According to Refinitiv data, financial markets put the odds of a June rate cut at around 45 per cent and the odds of a July rate cut at 80 per cent. The next Bank of Canada decision is on June 5.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Laurentian Bank to Exit Retail Brokerage Business with $2 Billion Asset SaleLaurentian Bank is selling $2 billion of assets under administration to iA Financial Group, resulting in the transfer of 16,000 client accounts to iA Private Wealth. Additionally, around 30 securities-licensed investment advisers at Laurentian have been invited to join iA. The financial details of the transaction were not disclosed, but both parties expect the impact on their respective businesses to be minimal.
Source: globeandmail - 🏆 5. / 92 Read more »

Bank of Canada Sees Budding Business Optimism Amid Weak DemandBank of Canada surveys show business optimism is weak but improving, with fewer firms expecting a recession even amid rising concerns about uncertainty.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Deutsche Bank first-quarter profit jumps 10% as investment bank outperformsExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Sutcliffe meets with airline and business executives on business trip to LondonMayor Mark Sutcliffe met with airline industry executives in London on Monday, as he continues his trade mission to promote the capital as a tourism destination.
Source: ctvottawa - 🏆 29. / 67 Read more »