Bullboard - Stock Discussion Forum Bombardier Inc. T.BBD.A

Alternate Symbol(s): BDRPF | T.BBD.PR.B | BDRXF | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRAF | T.BBD.B | BDRBF

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It... see more

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Bombardier Inc. > Bank Of Canada Interest rat cut

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Post by crypto65 on Dec 11, 2024 10:09am

Bank Of Canada Interest rat cut

Bank of Canada cuts key interest rate to 3.25%

Wednesday's decision marks second consecutive half-point cut

Jenna Benchetrit · CBC News · Posted: Dec 11, 2024 9:51 AM EST | Last Updated: 1 minute ago

Monument in front of a building that reads: Bank of Canada; Banque du Canada — A sign at the Bank of Canada building is seen in Ottawa on July 24. The Bank of Canada lowered its interest rate by 50-basis points to 3.25 per cent on Wednesday. (Justin Tang/The Canadian Press)

The Bank of Canada lowered its interest rate by 50-basis points to 3.25 per cent on Wednesday.

Economists were largely expecting another weighty cut following a quarterly GDP report that saw growth come in below the central bank's projection and a jobs report that showed an uptick in the unemployment rate.

The central bank cut rates by a half-point in October for the first time since the pandemic.

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Comment by flamingogold on Dec 11, 2024 11:53am

The BoC is preparing for an assault by the US on us. Any tariff will hurt and a 25% one will immediately sink us into recession. Retalliation by Canada will not fare any better but hurt us more than them. Tariff wars hurt everyone but mostly the little guy. That's us. A lot of Canadians will lose their job if we enter a tariff war.

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Comment by BBDB859 on Dec 11, 2024 12:28pm

You'd think they would want to keep interest rates from going too far down, where they could keep inflation in check. Not reduce rates to increase RE prices. They need the Tax from RE, so they're willing to destroy the Can. economy.

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