Strong sales but lower profits for many local businesses, retail reports suggest
Strong consumer spending patterns across Canada and particularly in Ottawa seem promising, but the data show only part of the retail picture, experts agree.
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Bank of Canada
May home sales, prices rise year over year as real estate market heats up
The Canadian Real Estate Association says home sales in May rose compared with the same month last year to post the first year-over-year sales increase
Region’s unemployment rate holds steady at 4.2% in May as labour force grows
Canada’s unemployment rate ticked higher to 5.2 per cent in May, marking the first increase since August 2022 as economists have been watching for any
Bank of Canada raises key interest rate amid stubbornly high inflation
As high inflation persists, the key interest rate now sits at 4.75 per cent, the highest it’s been since 2001.
BoC may have to raise interest rates again this summer given recent momentum, economists say
Momentum in the Canadian economy is spurring speculation that an interest rate hike is on the way, but economists don’t expect the Bank of Canada
What slowdown? Economy continues to outperform, raising odds of rate hike next week
The Canadian economy grew faster than expected in the first three months of the year and likely expanded again in April, fuelling speculation that the
Annual inflation rate edged up in April, raises chances of higher interest rates
Statistics Canada said Tuesday the annual pace of inflation rose in April for the first time since it peaked in June last year.
Inflation likely slowed again in April, but economists say wage growth a top concern
Canadians’ wages are finally growing faster than prices as inflation continues to ease, but that isn’t necessarily good news for economists.
BoC might have to rethink rate pause as unemployment remains very low: economists
Statistics Canada’s latest labour force survey released Friday says the unemployment rate held steady at 5.0 per cent for the fifth consecutive month.
Canada’s inflation rate falls to lowest level since August 2021, hits 4.3% in March
Canada’s annual inflation rate fell to 4.3 per cent in March as higher mortgage interest costs were offset by lower energy prices.
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