What does 2024 have in store for the Canadian economy?
It’s been a long time since economic data in Canada showed very much promise. The last 18 months have been defined by a cost of living crisis and a slowing …
Bank of Canada
Some mortgage rates are dropping, but renewed loans could keep economy slow
As some Canadian lenders expect central banks, such as the Bank of Canada, to lower influential interest rates in 2024, borrowers can expect a late Christmas present with lower rates on …
Tiff Macklem says 2024 will be a transition year for economy, too soon to consider rate cuts
Bank of Canada governor Tiff Macklem says he expects 2024 to be a transition year as higher interest rates slow down the economy, making way for lower inflation. In his …
Surge in newcomers putting pressure on inflation via housing demand: BoC official
The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rental and home prices could continue to rise without …
As expected, Bank of Canada holds interest rate steady at 5%
The Bank of Canada decided to keep its benchmark interest rate steady at five per cent. The move was widely expected, as after raising its trendsetting rate 10 times since early …
First Nations surging to $100B economic force in Canada, Indigenous leaders predict
Entrepreneur Rob Tebb can see his company becoming bigger — a lot bigger. “The opportunity is there to just grow this business to four or five times the size that …
In an uncertain economic climate, the federal government banks on hope
Almost any budgetary process is an exercise in optimism. The federal government hopes it can hold the line on program spending. It hopes the global economy is on the road …
Past rate hikes may be enough to bring inflation back to target, Tiff Macklem says in speech
Bank of Canada Governor Tiff Macklem warns fighting inflation half-heartedly and living with its consequences would be a huge mistake. The governor acknowledged during a speech Wednesday that interest rates …
Bank of Canada officials split on need for more rate hikes, deliberations show
Further interest rate hikes from the Bank of Canada are very much still on the table as its governing council remains split on whether rates may need to rise further. …
This grandmother works gruelling 70-hour weeks just to pay the bills. And she’s not alone
Young outside of the home she rents with her husband in Flatrock, N.L. She says the two don’t have much time to spare for each other these days. (Malone Mullin/CBC) …