The Canadian Press

Home sales expected to rebound as rate cuts begin in 2024, but experts urge caution

December home sales were up 3.7 per cent compared with the same month in 2022, marking the largest year-over-year gain since August. The actual national average price of a home sold in December was $657,145, up 5.1 per cent from December 2022.

Economists expect December inflation ticked up, trend still points to slowdown

Economists are forecasting Canada's inflation rate likely ticked up last month, but that isn't expected to set off alarm bells as long as underlying price pressures ease. 

Ottawa hotel among 14 properties Morguard selling for $410 million

A west-end Ottawa hotel is among 14 lodgings Morguard Corp. is selling to an undisclosed buyer for...

Economists see ‘turning point’ in housing market this year as interest rate cuts loom

After a year marked by caution and shifting expectations spurred by rising borrowing costs, economists believe the Canadian housing market could be in for a rebound in 2024.

Ottawa-Gatineau’s unemployment rate remains 4.6% in December

Ottawa-Gatineau’s job creation engine stalled in December as the unemployment rate held steady at 4.6 per cent...

Rate cuts and a return to growth: What Deloitte sees on the Canadian economic horizon

The Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring, according to a new forecast by Deloitte Canada.

‘Darkest before dawn’: Another tough year for office REITs but opportunities may lurk

It's poised to be another challenging year for office REITs, but some money managers say there could be decent entry points in the sector for long-term investors.

Tim Hortons reveals which three doughnuts will join Dutchie in returning to menu

Canadians who have missed being able to buy blueberry fritters, cinnamon sugar twists and walnut crunch doughnuts at Tim Hortons are in luck.

Odds of another rate hike have fallen, BoC governing council agreed as it held rate

The odds of another rate hike have decreased, the Bank of Canada's governing council agreed during discussions ahead of its most recent interest rate decision.

Inflation holds at 3.1% in November as progress in tamping down price growth stalls

Canada's annual inflation rate was unchanged last month, holding steady at 3.1 per cent as progress on tamping down price growth stalled.

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