Bank of Canada

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

Canada & World

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,

Fiscal update includes loans for housing developers, affordable housing fund: source

Insider Only Construction, Real Estate

Economists expect inflation slowed again in October as high interest rates take hold

Canada & World

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

Real Estate, Residential

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

Canada & World

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

Canada & World

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 & World

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.