Macklem says 2024 likely to be ‘transition’ year as economy slows, inflation falls
Bank of Canada governor Tiff Macklem says he expects 2024 to be a transition year as higher interest rates slow down the economy, making way
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Tiff Macklem
Federal government’s new fiscal guardrails ‘helpful’ for monetary policy: Macklem
Bank of Canada Governor Tiff Macklem warns fighting inflation half-heartedly and living with its consequences would be a huge mistake.
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,
Ottawa-Gatineau’s unemployment rate holds steady at 4.9% in October
Canada’s unemployment rate rose to 5.7 per cent last month as job opportunities became less plentiful in an economy weighed down by high interest rates.
BoC expected to hold key interest rate steady at 5% amid ‘sluggish’ economy
The Bank of Canada is widely expected to hold its key interest rate steady on Wednesday as the Canadian economy bends to higher interest rates
Slowdown in inflation supports interest rate pause next week, economists say
Statistics Canada says the annual inflation rate slowed to 3.8 per cent in September as prices year-over-year rose more slowly across the economy.
Economy to ‘stagnate,’ federal deficit expected to balloon to $46.5B this year: PBO
The PBO says higher interest rates will lead the economy to stagnate in the second half of the year, while the federal deficit rises significantly
Macklem says BoC will have to decide whether to be patient or to raise rates further
Bank of Canada Governor Tiff Macklem says the central bank will be deciding whether to exert patience at its next rate meeting or hike rates
Bank of Canada may need to raise interest rates again, despite this week’s hold: Macklem
Bank of Canada Governor Tiff Macklem said the central bank may have to raise interest rates further, given inflation may stay high for some time.
Weakening economy convinces BoC to hold key rate, but door to more hikes stays open
The Bank of Canada held its key interest rate steady at five per cent on Wednesday, deciding against another rate hike as the economy begins
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