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Bank of Canada’s next move less certain after inflation rate ticks higher in May
Canada’s annual inflation rate rose to 2.9 per cent in May, largely driven by higher prices for services, Statistics Canada reported on Tuesday.
Experts say rate cut could spur demand as Ottawa home sales fall in May
New home listings soared in the capital last month, but demand failed to keep pace as sales declined from the previous year in what has
Economists see ‘turning point’ in housing market this year as interest rate cuts loom
After a year marked by caution and shifting expectations spurred by rising borrowing costs, economists believe the Canadian housing market could be in for a
Business gloom deepens as sales moderate, Bank of Canada survey finds
The Bank of Canada says its business outlook survey indicator fell in the third quarter as companies expect sales growth to slow over the coming
Ottawa-Gatineau’s unemployment rate ticks up to 4.5% in July
Ottawa-Gatineau’s unemployment rate continued to rise last month as the workforce kept growing faster than the number of new jobs created. Statistics Canada said Friday
Economy grew in May despite wildfire effects, looks to have slowed in June: StatCan
The economy grew by 0.3 per cent in May despite pressure from wildfire-hit oil and gas, per Stats Can, but seemed to slow in June.
Businesses expect more, but slowing price, wage increases: Bank of Canada survey
Businesses continue to expect wage and price increases to be larger than normal, but they are shifting to closer to what they were before the
A dip in inflation may not be enough to stop the BoC from raising rates next month
Forecasters are expecting the Bank of Canada to move ahead with another interest rate hike in July, even as they expect the annual inflation rate
Annual inflation rate edged up in April, raises chances of higher interest rates
Statistics Canada said Tuesday the annual pace of inflation rose in April for the first time since it peaked in June last year.
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