TD

Canada’s inflation rate jumps to 4%, making the BoC’s next rate decision harder

gher gasoline prices drove Canada’s inflation rate to 4.0 per cent in August, making it the second month in a row inflation has risen.

Housing construction image housing starts

CMHC says Ottawa-Gatineau housing starts surged in June

Real Estate, Construction

Ottawa-Gatineau’s annual pace of housing starts soared in June, Canada’s housing agency says, part of a nationwide trend that saw the pace of starts post

Region’s unemployment rate holds steady at 4.2% in May as labour force grows

Ottawa

Canada’s unemployment rate ticked higher to 5.2 per cent in May, marking the first increase since August 2022 as economists have been watching for any

BoC may have to raise interest rates again this summer given recent momentum, economists say

Canada & World

Momentum in the Canadian economy is spurring speculation that an interest rate hike is on the way, but economists don’t expect the Bank of Canada

BoC might have to rethink rate pause as unemployment remains very low: economists

Canada & World

Statistics Canada’s latest labour force survey released Friday says the unemployment rate held steady at 5.0 per cent for the fifth consecutive month.

UPDATED: Economy posted no growth in the fourth quarter, but consumer spending is holding on

Canada & World

On Tuesday, Statistics Canada said real gross domestic product was unchanged in the fourth quarter of 2022 after five consecutive quarters of growth.

Slowing inflation not enough to prevent September interest rate hike, economists say

Canada & World

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.

History taught the Bank of Canada what happens when it doesn’t control high inflation

Canada & World

TD chief economist Beata Caranci said inflation today might feel especially challenging because Canadians have been shielded from inflation volatility for decades.