CIBC, RBC, Scotiabank and TD have all cut staff this year
Economists expect Bank of Canada to remain on hold amid economic weakness
Banks are slowing the pace of new lending and setting aside more money for bad loans
Fourth straight weekly drop for the rate, which a year ago averaged 6.58%
Bank of Canada governor makes remarks day after new inflation numbers show Canada's inflation rate fell to 3.1% in October
The government plans to lift federal taxes on psychotherapy and counselling
A slowing economy and high inflation mean the government has little room to operate
Wednesday’s planned meeting between Biden and Xi would be the first time the two leaders will have spoken in a year
Biden administration criticizes the Moody's decision, insisting that the U.S. economy remains strong
Panel joins several other forecasters in revising downward its outlook for Europe's biggest economy