Canada’s annual inflation rate slowed in January but grocery prices remain high
In its consumer price index report released Tuesday, Statistics Canada said the deceleration in headline inflation from 6.3 per cent in December reflects a base-year
Canada’s annual inflation rate slowed in January but grocery prices remain high
In its consumer price index report released Tuesday, Statistics Canada said the deceleration in headline inflation from 6.3 per cent in December reflects a base-year
Canadian economy grew slightly in November, expected to slow further
The Canadian economy grew slightly in November and looks to have stalled further at the end of the year as higher interest rates began to
More businesses expect sales to slip as high inflation, rates weigh on spending: BoC
The central bank released its fourth-quarter business outlook and consumer expectation surveys Monday, giving some insight into how high inflation and interest rates are affecting
Bank of Canada expected to raise interest rates on Wednesday as recession fears grow
Wednesday’s announcement would make it the sixth consecutive time the Bank of Canada raises interest rates this year in response to decades-high inflation.
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
Inflation skyrockets to highest level in nearly 40 years as gas prices soar
The agency said its consumer price index in May rose 7.7 per cent compared with a year ago, its largest increase since January 1983 when
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.
Businesses brace for high inflation to stick around over next two years: BoC survey
Bank’s latest Business Outlook Survey found that more than two-thirds of businesses anticipate inflation will be above three per cent, on average, over the next
Economy hits pothole as Canada posts surprise trade deficit for February
Canada’s economy hit a pothole in February, as an unexpected trade deficit broke up a series of recent positive surprises. The country ran a $972-million
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