CIBC

BoC expected to raise interest rate for fifth time at pivotal moment for economy

Inflation appears to have peaked, but it’s still running hot, and a supersized rate hike from the Bank of Canada next week is widely expected.

Canadian economy avoids contraction in May, economists expect continued slowdown

Canada & World

The Canadian economy stayed flat in May, with real gross domestic product showing neither growth nor contraction after a 0.3 per cent expansion in April.

Inflation may have peaked in June as gas prices soared: economists

Canada & World

The increase in the consumer price index for the month was largely due to gasoline prices, which shot up by more than 50 per cent

‘Tough’ 6-12 months ahead for Canadians amid inflation, rate hikes: expert

Canada & World

As Canadians face a double whammy of skyrocketing inflation and the largest interest rate hike seen in 24 years, one expert is warning that prices

Bank of Canada targets inflation expectations with full percentage point rate hike

Canada & World

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

Ottawa-Gatineau’s unemployment rate falls below 4% in June

Canada & World

That marks the lowest rate in at least two decades and comes even as the local economy’s job-creation engine stalled last month.

Bank of Canada surveys suggest business and consumer inflation expectations up

Canada & World

Central bank says businesses’ expectations for near-term inflation have increased, and firms expect inflation to be high for longer than they did in the previous

More pay boosts possible this year amid tight labour market, inflation: experts

Canada & World

The combination of a fiercely competitive job market and the still-rising cost of living will likely lead to more companies boosting employee pay this year,

Bank of Canada likely to mirror 0.75% Fed hike next month: economists

Canada & World

The U.S. bank authority announced the Wednesday move will shift the country’s benchmark rate to a range between 1.5 per cent and 1.75 per cent

Bank of Canada expected to jack up interest rates as inflation persists

Canada & World

“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.