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Your daily horoscope: January 14, 2025

  HOROSCOPES IF TODAY IS YOUR BIRTHDAY If your current way of working does not seem to be taking you closer to your goals then ditch it completely and start over. New technologies such as artificial intelligence could help you immensely this year, IF you have the intelligence to use them wisely. ARIES (March 21 - April 20): There is a lot of pressure building up in your life at the moment but that’s okay because you thrive on being challenged. When the going gets tough Aries is the first sign to get tough in return and today will be no exception. TAURUS (April 21 - May 21): You may be in two minds about what direction you should be taking but what occurs over the next 24 hours will point the way and all you have to do is follow the lead that the universe gives you. Get past your doubts and get moving. GEMINI (May 22 - June 21): If you start something new today it will take up a lot more time and energy than you expected, so think about it carefully and make sure you will be able to...
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Bank of Canada Cuts Key Interest Rate to 4.5% Amid Economic Concerns

 

The Bank of Canada has reduced its benchmark interest rate by 25 basis points, bringing the overnight rate down to 4.5%. This marks the second consecutive rate cut by the central bank, a move widely anticipated by economists.

The decision comes in response to continued progress in reducing inflation and weakening economic conditions. Canada’s annual inflation rate fell to 2.7% in June, down from a temporary spike in May. The central bank aims to bring inflation closer to its 2% target while addressing the risks of economic slowdown.

Governor Tiff Macklem emphasized that the path to achieving the inflation target will not be straightforward and that future rate cuts will depend on the progression of inflation. The Bank of Canada is carefully monitoring the balance between easing price pressures and persistent inflation in certain sectors, such as housing and services.

The rate cut is expected to provide some relief to borrowers and stimulate economic activity, but it also reflects the central bank’s cautious approach to navigating the current economic landscape.


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