Bank of Canada cuts key interest rate for first time in more than four years
The Bank of Canada cut its key interest rate for the first time in more than four years today, marking a major turning point in
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Tech industry expecting more layoffs, but companies say hiring coming too this year
Tech’s biggest names spent last year in layoff mode and if the last few weeks are any indication, that pattern is continuing into this year.
Ottawa-Gatineau’s unemployment rate remains 4.6% in December
Ottawa-Gatineau’s job creation engine stalled in December as the unemployment rate held steady at 4.6 per cent amid slowing economic growth. Statistics Canada said Friday
Statistics Canada says annual inflation rate slowed to 3.1% in October
The inflation rate slowed to 3.1 per cent on a year-over-year basis, down from 3.8 per cent in September, as the price of gasoline fell,
Economists see Bank of Canada holding on rates after surprise GDP contraction
Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada’s rate hiking campaign may be
As inflation jumps to 3.3 per cent in July, economists say uptick is bad news for BoC
Canada’s annual inflation rate rose to 3.3 per cent in July as worries grow that progress on getting prices under control will stall.
Bank of Canada raises interest rate by half percentage point, says more hikes to come
Economists were split on whether the Bank of Canada would go with half or three-quarters of a percentage point hike ahead of today’s decision.
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
Slowing inflation not enough to prevent September interest rate hike, economists say
The inflation rate hit a nearly 40-year-high of 8.1 per cent in June, but economists were widely expecting inflation to have since slowed.
Inflation may have peaked in June as gas prices soared: economists
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
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