News of the day: TD and Scotiabank join spending spree, inflation rate stays steady, economists’ reaction, too many apartments, stagflation risks and more
It’s Monday, Sept. 14. Here are the top stories we’re following today.
TD and Scotiabank join other banks in promising to deploy over $250 billion worth of capital at home
Toronto-Dominion Bank and Bank of Nova Scotia have committed to deploy billions of dollars over five years to accelerate growth in sectors they deem critical for the future of Canada’s economy, following similar steps taken by the other big Canadian lenders ahead of Prime Minister Mark Carney’s investment summit.
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Canada’s inflation rate stays steady at 3% as gas and grocery price growth slows
Canada’s annual inflation rate remained steady at three per cent in August as gasoline and grocery prices rose at a slower pace, but economists say the elevated print is not enough to compel the Bank of Canada to hike interest rates later this year.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on financialpost.com — the content belongs to Financial Post.
