Justin Trudeau announced on International Women's Day that a Canadian woman will appear on the next series of bank notes expected in 2018. And the Bank of Canada is now inviting nominations as to who should appear on the bill. This is our chance to have a say and perhaps at the same time make a statement.
The long-awaited liftoff is here: the U.S. Federal Reserve has announced they are raising the Federal Funds Target Rate to 0.5 per cent. It is the first time in seven years the Fed has increased their trend-setting interest rate, which they cut to 0 per cent on December 16, 2008. Markets had widely anticipated the move, with 81 per cent calling for a hike today. As the U.S. is the largest economy in the world, any change it makes reverberates through the rest of the globe, impacting markets and even the cost of borrowing for other countries.