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bank-rate

Canadian economy not in recession, but 2023 was one of its weakest recent years

by Anas Siddiqui
Canadian economy not in recession, but 2023 was one of its weakest recent years

The Canadian economy continues to beat recession fears, posting modest growth in the fourth quarter even as high interest rates weighed on consumers and businesses. Statistics Canada reported Thursday that …

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Bank of Canada governor won’t say when interest rates will drop, but insists it won’t take a recession

by Anas Siddiqui
Bank of Canada governor won’t say when interest rates will drop, but insists it won’t take a recession

The Current18:56Why Tiff Macklem won’t rule out more rate hikes Bank of Canada Governor Tiff Macklem says he knows aggressive rate hikes have caused financial hardship for many Canadians, but …

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