canadian stocks

Editor’s Note: This article has been updated to reflect that Pershing Square converted its Nike stock into call options, maintaining exposure Bill Ackman could have a new love for the automotive sector with a new investment made in the first quarter and an added position to a stake from the...

The Bank of Canada announced on Wednesday a 25 basis point reduction in interest rates, marking the first cut since March 2020, as widely anticipated by market participants. Consequently, the benchmark overnight rate and the deposit rate have been lowered to 4.75%, while the Bank Rate is now at 5...