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High interest rates are threat to the Canadian financial system

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As a financial journalist who believes in free markets, I must speak out against increasing interest rates, which threaten our beloved Canadian financial system. Since the 2008 crisis, Canadians have benefited from record low interest rates, which have increased borrowing and spending. However, the benchmark interest rate has been climbing steadily for months, and the Bank of Canada plans to raise it further. Current rate: 1.75 percent. Even while high interest rates sound like a good idea, I think they will damage our economy more than help it recover from inflation. To understand what may happen, we must first examine […]

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Promoting business sustainability and growth

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The function of corporate finance management in ensuring the long-term viability and expansion of businesses has always piqued my interest, especially as an ardent supporter of unfettered market forces. Companies in today’s fast-paced economy must master financial management if they want to survive and thrive in the face of constant technological change, unpredictable market circumstances, and shifting customer expectations. The capacity of a firm to survive and prosper in an ever-changing environment—what is known as “business sustainability”—has become more important in recent times. This is especially the case for businesses engaged in agriculture, energy, and manufacturing, all of which have […]