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 amid slowing economic growth. Statistics Canada said Friday
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Bank of Canada
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.
Macklem says 2024 likely to be ‘transition’ year as economy slows, inflation falls
Bank of Canada governor Tiff Macklem says he expects 2024 to be a transition year as higher interest rates slow down the economy, making way
Surge in newcomers putting pressure on inflation via housing demand: BoC deputy
The recent surge in newcomers is adding to inflation through housing demand, warning rents and home prices could continue to rise without boosting housing supply,
BoC holds key interest rate steady as speculation shifts to timing of rate cuts
The Bank of Canada continued to hold its key interest rate steady at five per cent today, encouraged by evidence that higher rates are helping
Region’s unemployment rate falls to 4.6% in November as labour force shrinks
Canada’s unemployment rate ticked up to 5.8 per cent last month, as high interest rates weigh on job creation at a time when the country’s
Canadian economy shrank 1.1 per cent in Q3 on annualized basis, StatCan says
The Canadian economy shrank in the third quarter amid weak business and consumer spending as well as lower exports.
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.
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,
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