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Economists

Canada’s annual inflation rate slowed to 2.8% in February

by Anas Siddiqui
Canada’s annual inflation rate slowed to 2.8% in February

Business·Breaking Canada’s annual inflation rate slowed to 2.8 per cent in February, according to Statistics Canada. Economists had expected uptick after rate dipped to 2.9 per cent in January Jenna …

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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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U.S. inflation up 0.3% in January, Fed still expected to cut interest rates this year

by Anas Siddiqui
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 …

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After a tough year, Aritzia banks on U.S. expansion to keep growth humming

by Anas Siddiqui
After a tough year, Aritzia banks on U.S. expansion to keep growth humming

Improved financial performance at Vancouver-based retailer Aritzia sent the company’s stock soaring on Thursday morning by more than 20 per cent, though some experts warn the company isn’t out of …

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Loss of cooking skills has hurt our ability to adapt to rising food prices, experts say

by Anas Siddiqui
Loss of cooking skills has hurt our ability to adapt to rising food prices, experts say

Cost of Living1:56Mike von Massow Skyrocketing prices have taken a big bite out of what Canadians are able to serve up for dinner but food economists say our ability to …

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Some mortgage rates are dropping, but renewed loans could keep economy slow

by Anas Siddiqui
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 …

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Surge in newcomers putting pressure on inflation via housing demand: BoC official

by Anas Siddiqui
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 …

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As expected, Bank of Canada holds interest rate steady at 5%

by Anas Siddiqui
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 …

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In an uncertain economic climate, the federal government banks on hope

by Anas Siddiqui
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 …

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Canada’s inflation rate slows to 3.1%

by Anas Siddiqui
Canada’s inflation rate slows to 3.1%

Business·Updated Canada’s consumer price index rose by 3.1 per cent in the year up to October, down from 3.8 per cent the previous month but in line with what economists …

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