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 it gained 8.2 per cent and up from a 6.8 per cent increase in…
In an unprecedented move, the Bank of Canada has announced a major increase to its key interest rate for the second time in two months as it forecasts higher consumer prices to come this year.
"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.
"...Markets are struggling to predict how we land the economy, do we land it with a slight recession? And our message today is, it could go either way, it's 50-50," says RBC chief executive Dave…
Bank of Montreal chief economist Doug Porter said it's highly unlikely Canadians are in for a double-digit, '80s-style interest rate shock any time soon.
The cost of nearly everything at the grocery store continued to climb higher to push the annual inflation rate up in April.
Inflation is at a multi-decade high, but the situation is different than the 1970s when high inflation was combined with high levels of joblessness and slow or recessionary economic growth, senior…
As banks work to fortify their cybersecurity defences amidst a growing number of data breaches, they are also exploring the promise of so-called "open banking," a concept that could final
Moody's Investors Service has downgraded Canada's six big banks in another worrying sign about growing consumer debt and housing prices.