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inflation rate

RBI: Global rate-cut standoff looms in 2023 policy finale

by Ron Morgan
RBI: Global rate-cut standoff looms in 2023 policy finale

From Washington to Frankfurt to London and beyond, central bankers are approaching their final decisions of the year against a backdrop of unease at how the global inflation cycle is …

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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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Past rate hikes may be enough to bring inflation back to target, Tiff Macklem says in speech

by Anas Siddiqui
Past rate hikes may be enough to bring inflation back to target, Tiff Macklem says in speech

Bank of Canada Governor Tiff Macklem warns fighting inflation half-heartedly and living with its consequences would be a huge mistake. The governor acknowledged during a speech Wednesday that interest rates …

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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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Vancouver leads the way as Canadian rent prices hit new high for 6th month in a row: report

by Anas Siddiqui
Vancouver leads the way as Canadian rent prices hit new high for 6th month in a row: report

The average asking price for a rental unit in Canada reached $2,178 last month, a 9.9 per cent year-over-year increase and continuing a trend that has seen asking rents hit new highs …

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Bank of Canada officials split on need for more rate hikes, deliberations show

by Anas Siddiqui
Bank of Canada officials split on need for more rate hikes, deliberations show

Further interest rate hikes from the Bank of Canada are very much still on the table as its governing council remains split on whether rates may need to rise further. …

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U.S. central bank holds rate steady, but leaves door open to more hikes

by Anas Siddiqui
U.S. central bank holds rate steady, but leaves door open to more hikes

The U.S. Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inflation pressures should …

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Bank of Canada holds interest rate steady at 5%

by Anas Siddiqui
Bank of Canada holds interest rate steady at 5%

The Bank of Canada has decided to keep its benchmark interest rate steady at five per cent, the second straight time the central bank has done so and a sign it may …

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La Tomatina: A taste of inflation, political strategies at Mint Street and Parliament

by Ron Morgan
La Tomatina: A taste of inflation, political strategies at Mint Street and Parliament

Tomatoes have captured the spotlight and are the talk of the town, or should we say the nation? The debate is not about tomatoes belonging to the family of fruit …

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