The Canadian Press

The Bank of Canada cut its key interest rate for a second consecutive time on Wednesday, but warned the path back to two per cent inflation may be uneven and would ultimately determine the pace of future rate cuts.

Economists and market watchers are betting the Bank of Canada will deliver another interest rate cut this week amid mounting evidence that inflation is sustainably easing.

A new survey of Canadian tech companies reveals 90 per cent of respondents think the federal government's changes to its capital gains policy will have a negative effect on the industry.

The survey of 350 business owners and executives by KPMG in Canada found 92 per cent fear their company will feel the impacts of extreme weather, including 67 per cent being either extremely or very concerned.

Canada's annual inflation rate fell to 2.7 per cent in June, with Statistics Canada largely attributing the deceleration to slower year-over-year growth in gasoline prices.

The Bank of Canada says business and consumer sentiment remained subdued during the second quarter of the year even as the country saw its first interest rate cut.

The Canadian Real Estate Association says it is scaling back its housing market forecast for the remainder of the year amid increased levels of supply and a quiet spring spurred by fewer interest rate cuts expected in 2024.

Statistics Canada says real gross domestic product grew 0.3 per cent in April, helped by strength in several industries including wholesale trade, mining and oil and gas extraction and manufacturing.

The excitement of starting a new job can quickly subside once signs emerge that the workplace culture is toxic. 

Canada's annual inflation rate rose to 2.9 per cent in May, largely driven by higher prices for services, Statistics Canada reported on Tuesday.