On December 6, 2017, the Bank of Canada announced it was keeping its trend-setting overnight lending rate on hold at 1%. The rate rose by 0.25% in July and again in September. Since then, the Bank has continued to caution that future interest rate increases depend on whether economic data suggest that inflation is starting to percolate.
In the more established downtown neighbourhoods diversity on a commercial strip means a Tim Hortons, a Starbucks, and maybe four different burger chains. But in the city’s well-worn strip malls, entrepreneurial character rules, Edward Keenan writes.
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