Brazil's Lula names new CEO of state-run lender Caixa

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Brazil's Lula names new CEO of state-run lender Caixa
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Brazilian President Luiz Inacio Lula da Silva on Wednesday picked Carlos Antonio Vieira Fernandes to replace Rita Serrano as CEO of state-run lender Caixa...

BRASILIA - Brazilian President Luiz Inacio Lula da Silva on Wednesday picked Carlos Antonio Vieira Fernandes to replace Rita Serrano as CEO of state-run lender Caixa Economica Federal.

"During her time in office, Serrano carried out an important mission to recover the management and internal culture of Caixa, valuing its staff and resuming the bank's role in various social policies, while at the same time increasing its efficiency and profitability," the presidential palace said in a statement.

OTTAWA — Finance Minister Chrystia Freeland said Tuesday the government's fall economic statement will focus on housing and affordability within a fiscally responsible framework. "That is a challenging balance to strike. Our government is committed to doing it," she said. The federal government's financial statements were published Tuesday, revealing the deficit for the 2022-23 fiscal year came in at $35.3 billion. That's $7.

Toronto officials have revealed a first look at the city's new, accelerated plans to build affordable housing — but that plan will require billions of dollars in federal and provincial funding and loans to make it happen.

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