BoC expected to deliver eighth consecutive rate hike, but it’s probably the last one
Economists don’t believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet.
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Royce Mendes
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.
Canadians with mortgages brace for big Bank of Canada rate hike
The Bank of Canada is gearing up to announce its next move on interest rates this Wednesday, with Bay Street forecasters expecting a 50 basis-point increase.
Statistics Canada says economy grew 0.2 per cent in January
Statistics Canada says real gross domestic product grew 0.2 per cent in January, a month marked by restrictions due to a surge in COVID-19 cases.
Business prof predicts surge in bankruptcies as soaring inflation spurs rate hikes
A prominent Ottawa business expert is predicting a wave of bankruptcies in the coming months as Canada’s central bank raises its benchmark interest rate in
UPDATED: Bank of Canada hikes key interest rate
The central bank increased its key rate by a quarter of a percentage point to 0.5 per cent in a bid to help fight inflation,
Hot housing market drives 2021 economic growth
The country’s hot housing market drove economic expansion last year as the economy grew 4.6 per cent in 2021, Statistics Canada said Tuesday.
Ottawa-Gatineau unemployment rate ticks up to 4.7% in January as labour force grows
The region gained 1,400 jobs last month, but that was more than offset by the 4,000 people who resumed their search for work, Statistics Canada
Housing starts slide in September: CHMC
It’s the fourth month in a row that housing starts in the region were behind their pace from 2020.
Region’s unemployment rate falls to 18-month low in September as labour market shrinks
The economy shed more than 10,000 jobs last month, with the retail and educational services sectors among the hardest hit.
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