Many economists think the Bank of Canada will make another cut in its key interest rate Wednesday morning.
Expectations have been high since last week’s report showed annual inflation cooled to 2.7 per cent in June.
Last month’s cut reduced the central bank’s key rate from five to 4.75 per cent.
One Desjardins official says it wouldn’t make sense to only cut rates 25 basis points and then leave them there to see how the economy responds, because it wouldn’t really cause a lot of change.
Nova Scotia Premier Tim Houston was on hand for the official completion of a new student residence at the Pictou campus of the Nova Scotia Community College in Stellarton. This fall, the residence will be home to 50 students.
The federal government is investing 74-million-dollars on the repair and maintenance of 19 small craft harbours in Nova Scotia. The money is part of 463.3-million-dollars included in the government’s latest budget for repair and maintenance of small craft harbours across the country. More than 11.3-million-dollars is earmarked for five harbours in Nova Scotia and 10 in Newfoundland and Labrador that suffered serious damage from Hurricane Fiona.
Police in Nova Scotia say a 23-year-old Lunenburg man died on Sunday in a motorcycle crash.
R-C-M-P say they responded to a report of a motorcycle crash at about 8:50 p-m Sunday in Deans Corner.
Officers determined that a Kawasaki motorcycle was travelling south on Highway 3 and went off the road.
Police say the driver and sole occupant was ejected from the bike and pronounced dead at the scene.
An Associated Press survey says U-S Vice President Kamala Harris has secured the support of enough Democratic delegates to become her party’s presidential nominee in the November election.
The quick rallying behind Harris marks an attempt by the party to put weeks of drama over U-S President Joe Biden’s political future behind them.
Prominent Democratic elected officials, party leaders and political organizations have also lined up behind Harris in the day after Biden’s exit from the race.
The Harris campaign set a new 24-hour record for presidential donations.
