Bank of Canada cuts key interest rate for first time in more than four years
The Bank of Canada cut its key interest rate for the first time in more than four years today, marking a major turning point in
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Canada & World
Canadian and international business news relevant to local business leaders here in Ottawa. Includes stories related to inflation, interest rates, employment, major government announcements and more.
Bank of Canada interest rate decision coming on Wednesday amid rate cut speculation
The Bank of Canada will announce its latest interest rate decision on Wednesday amid speculation that the central bank might start to cut rates.
Canada’s inflation rate falls to 2.7% in April, driving up odds of June rate cut
Canada’s annual inflation rate fell to 2.7 per cent in April amid a broad-based deceleration in price growth, Statistics Canada reported Tuesday.
Employment jumps by 90,000 in April, raising doubts about June interest rate cut
Canadian employers added 90,000 jobs in April, marking the largest employment gain in more than a year.
Canadian companies’ AI policies aim to balance risk with rewards
The federal government released a set of AI guidelines for the public sector last fall, spurring startups and larger organizations to rework them for their
Canadian economy loses steam after strong start to year, grows 0.2% in February
The Canadian economy lost momentum after a roaring start to the year, reinforcing economists’ expectations that the Bank of Canada is on track to cut
Annual inflation rate increased to 2.9 per cent in March as gasoline prices rose
The annual inflation rate ticked higher in March compared with February, boosted by higher prices for gasoline, Statistics Canada said Tuesday.
Home prices expected to climb 4.9% in 2024 as sales rise last month: CREA
The Canadian Real Estate Association says it’s now expecting the national average home price to climb 4.9 per cent on an annual basis to $710,468,
Macklem says interest rate cut in June possible after holding policy rate once again
Bank of Canada governor Tiff Macklem says the central bank could begin lowering its key interest rate at its next decision in June after deciding
Spring housing market surge unlikely as affordability, cost of living weigh on buyers
After five straight holds of the Bank of Canada’s key interest rate that followed its hiking cycle of more than a year, economists say a
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