Bank of Canada cuts key rate, the iconic Gordie Howe bridge and The One seeks $1.2-billion sale: Business and investing news for June 9Bank of Canada Governor Tiff Macklem takes part in a news conference, after cutting key interest rate for the first time in four years.Getting caught up on a week that got away? Here’s your weekly digest of the Globe’s most essential business and investing stories, with insights and analysis from the pros, stock tips, portfolio strategies and more.
– the largest bridge ever built between Canada and the United States. When that feat is accomplished, the bridge will form a continuous span over the majestic waterway that flows between Detroit and Windsor, Ont. The bridge is still more than a year away from opening, but the imminent union of its two halves signals a new reality.
first quarter from the quarter before. But unit labour costs, or how much businesses pay workers in wages and benefits to produce one unit of output, jumped 1.3 per cent over the same period. So, what exactly does that mean for inflation and interest rates? Jason Kirbyfrom regulators in the United States. In the latest case, a branch employee in Florida is accused of accepting bribes to help move millions of dollars to Colombia.