The Bank of Canada’s growing list of worries
For months, the Bank of Canada has been trying to thread a needle: slow the economy just enough to get inflation back under control but not so much that it causes …
borrowing
U.S. inflation eased in May, signaling that an early-year price uptick has passed
U.S. inflation eased last month in a hopeful sign that an uptick in prices from earlier this year may have passed. The trend, if it holds, could move the Federal Reserve …
Cutting interest rates was easy. But the Bank of Canada still has a credibility problem
Bank of Canada governor Tiff Macklem says the central bank has to rebuild trust with Canadian households. After the last two years of interest rate hikes and messaging missteps, that’s …
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 …
U.S. Federal Reserve holds interest rate, saying it will take ‘longer than expected’ to start cutting
The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but that cuts could be delayed as recent inflation numbers have …
Open banking could spur competition, but fintechs say Canada’s moving too slowly
Federal efforts to bring “open banking” to Canada are being welcomed by players in the industry — but there’s also criticism that, after years of waiting, any changes may not come …
U.S. inflation up 0.3% in January, Fed still expected to cut interest rates this year
U.S. consumer prices increased more than expected in January amid rises in the costs of shelter and health care, but it likely won’t change expectations that the Federal Reserve will start …
Opinion | Why an erratic Fed could pose biggest risk to global economy in 2024
The Federal Reserve’s ability to tame America’s monetary bubble remains the biggest factor in the global economic outlook. The US central bank made an unexpected dovish turn at the latest …
Renters tighten purse strings as prices in Alberta grow at fastest pace in 40 years
Nikkie Miranda feels stuck and frustrated, weighing what she’ll have to sacrifice when her rent increases again this winter. Three years ago, when she moved into a two-storey, three-bedroom semi-detached …
Annual pace of housing starts in Canada down 22% in November, says CMHC
The pace of housing starts in Canada fell by 22 per cent in November, the Canada Mortgage and Housing Corp. said Friday. The agency says the monthly seasonally adjusted annual rate …