Financial markets see the Bank of Canada‘s terminal rate at 2.75 per cent, but a number of Canadian economists are predicting the rate will go lower than that.

David Rosenberg, of Rosenberg Research and Associates Inc., expects the rate to settle at 2 per cent or even lower. Economists at CIBC Capital Markets put the end rate at 2.25 per cent.

Elon Musk’s super political action committee (Pac) spent about $200m to help elect Donald Trump to a second presidency, according to a person familiar with the group’s spending, funding an effort that set a new standard for how billionaires can influence elections.

Musk’s net worth jumped $70bn since Trump’s victory in the 5 November election.

The plan worked. Trump saw key turnout surges in battleground states.