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 …
housing-market-interest
New home construction rose while home sales came down in May
The annual rate of new home construction was up in May, while home sales were slightly down, according to data released separately on Monday by the Canada Mortgage and Housing …
Some consumers, businesses are feeling more optimistic about the economy, say BoC surveys
The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag on the economy. The central …
Bank of Canada worries a rate cut now could overheat the spring housing market
The Bank of Canada is trying to thread a needle. It’s keeping rates higher for longer at least in part because it’s worried a rate cut now could undermine the …
National home sales in 2023 lowest since 2008 despite December ‘bounce,’ CREA says
Canada’s housing market is seeing some of the lowest annual sales volumes in more than a decade, according to the latest statistics from the Canadian Real Estate Association, even though …
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 …