Spring housing market surge unlikely as affordability, cost of living weigh on buyers
After five straight holds of the Bank of Canada’s key interest rate that followed its hiking cycle of more than a year, economists say a
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Bank of Canada
Firms, consumers more optimistic about economy amid expected rate cuts: BoC surveys
The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag
Canada likely to avoid recession, begin recovering in second half of 2024: Deloitte
Canada looks set to dodge a recession despite the ongoing downward pressure from higher interest rates, Deloitte Canada said in its economic outlook report.
Need to improve Canadian productivity has reached emergency level, BoC official says
A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation
BoC expects to cut interest rates this year, governing council split on timing: deliberations
The Bank of Canada expects it will be able to begin cutting interest rates sometime this year, but officials are split on timing.
‘Unambiguously good’: Inflation slows in February as price growth unexpectedly eases
Canada’s annual inflation rate unexpectedly fell to 2.8 per cent last month, amid sharp declines in cellular and internet services as well as slower grocery
Economists expect inflation rate ticked up above 3% last month amid higher gas prices
Economists say inflation likely flared up again in February amid higher gasoline prices, reinforcing the expectation that the journey back to two per cent inflation
Ottawa home sales rise 15% in February, but ‘affordability remains out of reach for many’: OREB
Ottawa home sales rose 15 per cent in February compared with the same month a year ago, the Ottawa Real Estate Board said Wednesday, but
Tight-lipped Bank of Canada holds key interest rate at 5%, says it’s too early to cut rates
The central bank announced its interest rate decision Wednesday as economists widely expected no change in the policy rate.
BoC expected to hold interest rates this week as grey cloud hangs over economy
The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the
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