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It's not every day the NBA world gets a Game 7 of the Finals and a future Hall of Famer changing teams via blockbuster trade. But just hours before the Oklahoma City Thunder and Indiana Pacers play ...

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History supports Moody’s assessment that “successive US administrations and Congress have failed to agree on measures to ...

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If Canada’s benchmark prime rate soars 275 bps or more — and your payment doesn’t cover the interest due — most, but not all, lenders will raise your “fixed” payment to cover the interest.

An interest rate is a fee a lender charges on a loan, which the borrower must pay. A bank's prime rate is influenced by the Bank of Canada's policy rate.

The central bank on Wednesday said it will maintain the federal funds rate at its current range of 4.25% to 4.5%. The rate has remained at that level since President Trump took office in January.

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The US president claims that if interest rates are cut by two and a half percentage points, it would amount to a haircut north of $800 billion (€697 billion) in federal government expenditure.