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Bank-of-Canada-s

Unemployment rate unchanged in July, though jobless rate for young people continued to rise

by Anas Siddiqui
Unemployment rate unchanged in July, though jobless rate for young people continued to rise

Canada’s economy shed 2,800 jobs in July while the unemployment rate was unchanged at 6.4 per cent, Statistics Canada said on Friday. Employment fell in wholesale and retail trade, which shed …

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Mortgage debt is growing at its slowest pace in 23 years — but that could be short-lived, says CMHC

by Anas Siddiqui
Mortgage debt is growing at its slowest pace in 23 years — but that could be short-lived, says CMHC

Mortgage debt grew at its slowest pace in 23 years in February, amid high borrowing costs and reservations related to the Bank of Canada’s key interest rate — but the slowdown likely …

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Gasoline prices help drive inflation up to 3.4%

by Anas Siddiqui
Gasoline prices help drive inflation up to 3.4%

Canada’s annual inflation rate jumped to 3.4 per cent in December, according to data released by Statistics Canada on Tuesday. That’s after both October and November saw inflation hold steady at 3.1 per …

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Canada’s economy stalled again in October but likely up 0.1% in November

by Anas Siddiqui
Canada’s economy stalled again in October but likely up 0.1% in November

Canada’s economy was essentially unchanged for the third consecutive month in October, missing growth forecasts, but gross domestic product likely edged up in November, Statistics Canada data showed on Friday. …

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Bank of Canada’s governing council agreed odds of another interest rate hike have fallen

by Anas Siddiqui
Bank of Canada’s governing council agreed odds of another interest rate hike have fallen

The Bank of Canada’s governing council agreed the odds of another rate hike have decreased during its discussions ahead of the interest rate decision earlier this month. The central bank …

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The ‘sugar rush’ effect: Why the U.S. economy is growing faster than Canada’s

by Walter Watson
The ‘sugar rush’ effect: Why the U.S. economy is growing faster than Canada’s

In a lot of ways, the U.S. and Canadian economies are similar. They’re both seeing progress in the fight to rein in inflation. They both have robust employment levels. But …

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