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China steps up easing, cuts lending benchmarks to revive faltering economy

China cut its benchmark lending rate and lowered the mortgage reference by a bigger margin on Monday, adding to last week’s easing measures, as Beijing boosts efforts to revive an economy hobbled by a property crisis and a resurgence of Covid cases. The People’s Bank of China (PBOC) is walking a tight rope in its …

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Cormark Cuts Air Canada (TSE:AC) Price Target to C$20.00

Air Canada (TSE:AC – Get Rating) had its price target dropped by equities research analysts at Cormark from C$25.00 to C$20.00 in a note issued to investors on Wednesday, reports. The firm currently has a “hold” rating on the stock. Cormark’s target price points to a potential upside of 9.95% from the company’s previous …

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