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In Canada, for example, the Bank of Canada sets a target bandwidth for the overnight rate each month of +/- 0.25% around its target overnight rate: the Bank of Canada does not interfere in the overnight market so long as the overnight rate stays within its target band, but the Bank will use its reserves to lend or borrow in the overnight market ...
Flag-officer ranks, named after the traditional practice of showing the presence of such an officer with a flag on a ship and often land, typically include (from the most senior) admiral, vice admiral and rear admiral. In some navies, such as Canada's, the rank of commodore is a flag rank.
While the exact price the fund paid for the stock is not known, shares of Reddit have surged 14% since in 2025 and are up 193% in the last five months. Meanwhile, the S&P 500 has returned 4% year ...
One notable component of the expense ratio of U.S. funds is the "12b-1 fee", which represents expenses used for advertising and promotion of the fund. 12b-1 fees are paid by the fund out of mutual fund assets and are generally limited to a maximum of 1.00% per year (.75% distribution and .25% shareholder servicing) under FINRA Rules.
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In U.S. Naval tradition, Admiral of the Navy outranks Fleet Admiral. The rank was only ever held by one U.S. officer, George Dewey; in 1945, the U.S. Navy considered creating the equivalent rank of Flag Admiral, but nothing came of the proposal. In the Imperial Russian Navy, General Admiral was the equivalent of an Admiral of the Fleet.
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The existing proposals vary, but the good ones are based on the same principle: For every hour you work, your boss chips in to a fund that pays out when you get sick, pregnant, old or fired. The fund follows you from job to job, and companies have to contribute to it whether you work there a day, a month or a year.