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 …
higher-rates
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 …
‘We are getting closer’ to cutting interest rates, Bank of Canada governor tells MPs
The Bank of Canada is getting closer to cutting interest rates as inflation shows signs of coming down and staying down, the central bank’s governor, Tiff Macklem, told MPs Thursday. …
Equifax says mortgage-holders in B.C., Ontario, increasingly missed payments during Q4
Consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said. The fourth quarter saw a continuation of …
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 …
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 …
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) …