Federal government’s new fiscal guardrails ‘helpful’ for monetary policy: Macklem
Bank of Canada Governor Tiff Macklem warns fighting inflation half-heartedly and living with its consequences would be a huge mistake.
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Bank of Canada
Statistics Canada says annual inflation rate slowed to 3.1% in October
The inflation rate slowed to 3.1 per cent on a year-over-year basis, down from 3.8 per cent in September, as the price of gasoline fell,
Economists expect inflation slowed again in October as high interest rates take hold
Forecasters anticipate Canada’s inflation rate took another dip in October as gasoline prices fell from the previous month and grocery prices rise more slowly.
Home sales slow in October as many buyers have already ‘gone into hibernation’: CREA
Home sales in Canada last month ticked up on an annual basis but fell 5.6 per cent compared with September as the Canadian Real Estate
Canadians should plan for higher interest rates in the long run, BoC’s Rogers says
Bank of Canada senior deputy governor Carolyn Rogers is warning interest rates might not return to the low levels people were used to before the
BoC’s governing council split on whether interest rates need to rise further
Further interest rate hikes from the Bank of Canada are very much still on the table as its governing council remains split on whether rates
Ottawa-Gatineau’s unemployment rate holds steady at 4.9% in October
Canada’s unemployment rate rose to 5.7 per cent last month as job opportunities became less plentiful in an economy weighed down by high interest rates.
Forecasters more certain interest rate hikes are over as recession talk grows over GDP numbers
The Canadian economy remained flat in August and a preliminary estimate from Statistics Canada suggests it shrank in the third quarter.
Home sales, prices will likely fall in short term but pick up next spring: TD report
A new report by TD Economics predicts Canadian home sales and average prices will fall over the coming months but pick up by the second quarter next
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