Bank for sale 🏦 — What’s next after the latest rate hike. Laurentian throws up the “For Sale” sign. Canadian watchdog launches probe into Nike.
Tiff Macklem and the Bank of Canada (BoC) did what everyone expected and raised Canada’s overnight interest rate by 0.25% up to 5%—the highest since 2001.
On this season of The Canadian Bank Bachelorette, 177-year-old Laurentian is looking for that perfect deep-pocketed suitor to give it the final rose.
Canada has reportedly launched one of the first-ever probes into Nike’s alleged use of forced labour abroad.
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