Tag: Prime rate

Creeping price points: A look at the rising cost of Canada’s streaming TV services | CTV News

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Streaming TV isn’t getting any cheaper. After it was once heralded as the cost-effective alternative to cable, the price of Canada’s streaming services is inching higher every year. And the story was no different in 2023 when inflation, production costs and efforts to turn a profit led many of the biggest names in the business to rework their subscription packages and jack up their rates. Read full story here: Creeping price points: A look at the rising cost of Canada’s streaming TV services | CTV News

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Big Banks Hike Prime Rates After Bank Of Canada Tightens Monetary Policy – Business – CBC News

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In the wake of the Bank of Canada’s move Wednesday to boost a key interest rate, Canada’s big banks have boosted their prime rates. RBC was first off the mark, followed quickly by the others, raising their prime rates to 3.2 per cent from 2.95 per cent, where they had been since the central bank’s last rate increase in July. Canadian consumers can expect to feel some financial effects following the Bank of Canada’s decision. “It’s going to raise borrowing costs a little bit for everyone,” Eric Lascelles, chief economist at RBC Global Asset Management, told…

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