Canada’s inflation rate cools in August but grocery prices continue to climb
In its latest monthly consumer price index (CPI) report, Statistics Canada said grocery prices rose at the fastest rate since 1981, with prices up 10.8
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Bank CEOs say higher rates starting to dampen growth
The heads of Canada’s biggest banks say rising interest rates are starting to have their intended effect of slowing demand but that they continue to
Canadian economic growth lags expectations in Q2; July estimate points to contraction
The Canadian economy grew at an annual rate of 3.3 per cent in the second quarter, bringing the quarterly reading below estimates and an early
Bank of Canada targets inflation expectations with full percentage point rate hike
The Bank of Canada signaled a more aggressive approach to bringing skyrocketing inflation back under control as it announced the largest single rate increase since
Economists expect Bank of Canada to hike key interest rate by 0.75% on Wednesday
The Bank of Canada raised its key interest rate by half a percentage point on June 1, bringing it to 1.5 per cent. Since then,
Bank of Canada’s rapid rate hikes likely to cause a recession, study finds
The research institute says if the central bank aims to bring inflation down from 7.7 per cent to its two per cent target by quickly
Over 22 million housing units needed by 2030 to solve affordability crisis: CMHC
Achieving housing affordability for everyone in Canada will require developers to become more productive and make full use of land holdings to build more housing,
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
‘I’m losing sales’: As Ottawa’s inflation rate soars, businesses are feeling the pinch
Capital’s annual rate of inflation hit 7.5 per cent in March, Statistics Canada said Wednesday, and local entrepreneurs say it’s getting harder and harder to
Statistics Canada says country posted merchandise trade surplus for January
Statistics Canada said Tuesday the country saw a merchandise trade surplus of $2.6 billion for January compared with a revised deficit of $1.6 billion in
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