Average home price to end the year 4.8% lower than 2022, will rise 4.7% in 2024: CREA
The Canadian Real Estate Association expects the average price of a home to end the year 4.8 per cent lower than 2022, but says prices
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Bank of Canada holds key interest rate at 4.5%, bumps up growth forecast for 2023
The Bank of Canada is once again holding its key interest rate steady at 4.5 per cent but isn’t ruling out the possibility of more
Members of public service union vote in favour of federal strike mandate
Members of the public service’s largest union, which represents more than 120,000 federal workers, have voted in favour of a strike mandate. The Public Service
Cannabis company Tilray to buy rival Hexo in all-share deal
The arrangement will see Tilray issue 0.4352 shares of its stock for each outstanding Hexo share.
BoC expected to hold interest rate this week, even as economy keeps some steam
The Bank of Canada is expected to hold its key interest rate steady this week as inflation continues to slow, despite other data suggesting the
BoC surveys show businesses, consumers gear up for slowdown as economy softens
Businesses and consumers are expecting inflation to slow faster than they previously thought but as high interest rates weigh on the economy, they’re also adjusting
Tourism shot up in 2022, but still far short of pre-pandemic levels: StatCan
Spending on tourism continued to grow last year as travellers returned to planes and patios, but it remained well below pre-pandemic levels, according to Statistics
Feds outline $83B in clean economy tax credits in bid to compete with U.S. incentive
Serious money is heading for Canadian industries looking to reduce emissions after the federal government unveiled its answer to the U.S. Inflation Reduction Act.
$491B federal budget invests heavily in green economic transformation
The 2023 federal budget promises “transformative investments” in Canada’s green economy as the country tries to maintain its place in the global clean tech revolution
Canada heading into ‘mild recession’ as tight monetary policy squeezes growth: Report
New research says Canada is heading into a mild recession as elevated borrowing costs, a downturn in the U.S. and persistent inflation dial up the
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