Canada & World

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.

The BDC says it is launching a $50-million program that will provide loans, plus training, for businesses that are majority-owned by women, Indigenous and Black entrepreneurs and have revenues under $3 million.

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 its fight against inflation.

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 annual inflation rate fell to 2.7 per cent in April amid a broad-based deceleration in price growth, Statistics Canada reported Tuesday.

Canadian employers added 90,000 jobs in April, marking the largest employment gain in more than a year.