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Canada headed towards ‘moderate’ recession in 2023: RBC economists
Canada is headed towards a recession in 2023, but it will be short-lived and not as severe as prior downturns, according to a new report
Bank of Canada surveys suggest business and consumer inflation expectations up
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
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,
More pay boosts possible this year amid tight labour market, inflation: experts
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 expected to jack up interest rates as inflation persists
“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.
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
UPDATED: Inflation sets fresh three-decade high at 6.8% in April with little sign of cooling
The cost of nearly everything at the grocery store continued to climb higher to push the annual inflation rate up in April.
Economy gains momentum with 1.1% GDP growth in February, best month since March 2021
The Canadian economy surged ahead in February as pandemic-related restrictions eased, fuelling expectations by economists that the Bank of Canada will opt for another oversized
Air Canada bookings come roaring back, but business travel, fuel costs pose hurdles
Air Canada more than tripled its revenues last quarter as demand for travel revved back up, though a net loss of nearly $1 billion signalled
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