Alicja Siekierska

The 50 bp cut is the Bank's fifth consecutive drop in rates since June, and its second jumbo reduction in a row.

The 50 bp cut is the Bank's fifth consecutive drop in rates since June, and its second jumbo reduction in a row.

The 50 bp cut is the Bank's fifth consecutive drop in rates since June, and its second jumbo reduction in a row.

Economists expected a job gain of 27,500, according to consensus estimates published by BMO Capital Markets.

Economists expected a job gain of 27,500, according to consensus estimates published by BMO Capital Markets.

"Buyers now believe home prices have hit bottom and are eager to act before competition intensifies."

The quarterly results were in line with economist expectations.

The company expects sales in Q4, which includes the holiday shopping period, to grow between mid-to-high twenties percentage rate compared to last year.

Canadian Tire CEO says consumer confidence 'lowest we've seen in a long time' as profit rises

The company's shares jumped as much as 13% in early trading on Friday.