Bank of Canada expected to jack up interest rates as inflation persists
“Canadian inflation is running more than three times faster than target,” Desjardins’ head of macro strategy, Royce Mendes, wrote in a note to clients Monday.
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Bank of Canada
Banks sound notes of caution as outlook worsens, even as latest results show growth
“…Markets are struggling to predict how we land the economy, do we land it with a slight recession? And our message today is, it could
Consumer sentiment in Canada posts biggest drop since pandemic onset amid inflation
A new survey by the Conference Board of Canada indicates consumer confidence decreased 11.7 points in May – the largest monthly drop since the pandemic’s
Experts see parallels between 1970s inflation crisis and today
Bank of Montreal chief economist Doug Porter said it’s highly unlikely Canadians are in for a double-digit, ’80s-style interest rate shock any time soon.
UPDATED: Inflation sets fresh three-decade high at 6.8% in April with little sign of cooling
The cost of nearly everything at the grocery store continued to climb higher to push the annual inflation rate up in April.
BoC’s Gravelle says “perfect storm” fueling inflation, but key differences from ’70s
Inflation is at a multi-decade high, but the situation is different than the 1970s when high inflation was combined with high levels of joblessness and
Eastern promise: Jennings Real Estate makes move into Atlantic Canada with Halifax acquisition
A blossoming Ottawa-based property management firm has chosen one of Canada’s fastest-growing cities for its first acquisition outside the National Capital Region.
Bank of Canada reaching out to Indigenous groups on economic reconciliation
Governor says the central bank hopes it can take a meaningful step toward building trust and strengthening its relationship with Indigenous peoples.
UPDATED: Ottawa-Gatineau’s jobless rate falls to 4.6% in April amid strong growth
Statistics Canada says a number of signs point to an increasingly tight labour market in recent months, including a drop in the number of part-time
Economy gains momentum with 1.1% GDP growth in February, best month since March 2021
The Canadian economy surged ahead in February as pandemic-related restrictions eased, fuelling expectations by economists that the Bank of Canada will opt for another oversized
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