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Bank of Canada’s next move less certain after inflation rate ticks higher in May
Canada’s annual inflation rate rose to 2.9 per cent in May, largely driven by higher prices for services, Statistics Canada reported on Tuesday.
Experts say rate cut could spur demand as Ottawa home sales fall in May
New home listings soared in the capital last month, but demand failed to keep pace as sales declined from the previous year in what has
Bank of Canada cuts key interest rate for first time in more than four years
The Bank of Canada cut its key interest rate for the first time in more than four years today, marking a major turning point in
Bank of Canada interest rate decision coming on Wednesday amid rate cut speculation
The Bank of Canada will announce its latest interest rate decision on Wednesday amid speculation that the central bank might start to cut rates.
Canada’s inflation rate falls to 2.7% in April, driving up odds of June rate cut
Canada’s annual inflation rate fell to 2.7 per cent in April amid a broad-based deceleration in price growth, Statistics Canada reported Tuesday.
Employment jumps by 90,000 in April, raising doubts about June interest rate cut
Canadian employers added 90,000 jobs in April, marking the largest employment gain in more than a year.
Canadian economy loses steam after strong start to year, grows 0.2% in February
The Canadian economy lost momentum after a roaring start to the year, reinforcing economists’ expectations that the Bank of Canada is on track to cut
Annual inflation rate increased to 2.9 per cent in March as gasoline prices rose
The annual inflation rate ticked higher in March compared with February, boosted by higher prices for gasoline, Statistics Canada said Tuesday.
Macklem says interest rate cut in June possible after holding policy rate once again
Bank of Canada governor Tiff Macklem says the central bank could begin lowering its key interest rate at its next decision in June after deciding
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