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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Canada averts recession with meagre growth in Q4, consumers and businesses pinched
The Canadian economy continues to beat recession fears, posting modest growth in the fourth quarter even as high interest rates weighed on consumers and businesses.
‘Very pleasant surprise’: Canada’s inflation rate tumbles to 2.9 per cent in January
Canada’s annual inflation rate fell to 2.9 per cent last month, marking a sharper deceleration in price growth than expected by forecasters.
January home sales rise as markets tighten but prices still softening: CREA
The Canadian Real Estate Association says January home sales jumped 22 per cent compared with a year ago, the largest year-over-year gain since May 2021.
Real estate receiverships on the rise as projects stall
From one of Canada’s tallest condo towers to bare tracts of land, residential development projects across the country are increasingly being pushed into receivership.
Economic bounceback at the end of 2023 could push back rate cuts, economists say
Canada’s economy appears to have ended 2023 on a stronger note than expected, which economists say could push back the timeline for interest rate cuts
Inflation holds at 3.1% in November as progress in tamping down price growth stalls
Canada’s annual inflation rate was unchanged last month, holding steady at 3.1 per cent as progress on tamping down price growth stalled.
BoC holds key interest rate steady as speculation shifts to timing of rate cuts
The Bank of Canada continued to hold its key interest rate steady at five per cent today, encouraged by evidence that higher rates are helping
Economists expect inflation slowed again in October as high interest rates take hold
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.
Slowdown in inflation supports interest rate pause next week, economists say
Statistics Canada says the annual inflation rate slowed to 3.8 per cent in September as prices year-over-year rose more slowly across the economy.
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