High rates, cautious consumers driving insolvency trends
Weakening economy and high interest rates push businesses to rein in hiring
Corporate and government borrowing hits highest level since pandemic
Hard-hit sectors likely to feel the brunt of a decline in cheap labour
Analysts say the quarter-point cut is unlikely to usher in a swift series of further cuts
Most banks lowered their prime rates to 6.95% following the announcement
Governor says if inflation continues to ease, it is reasonable to expect further cuts
The decline is the first drop in a year, S&P says
CIRO survey finds investors relying on social media, ranking it as worthy as traditional advice
Rate cuts on tap this year, although size and timing remain data driven