The Bank of Canada signaled a more aggressive approach to bringing skyrocketing inflation back under control as it announced the largest single rate increase since August 1998.
The Bank of Canada raised its key interest rate by half a percentage point on June 1, bringing it to 1.5 per cent. Since then, it has signalled a willingness to move in a more aggressive direction.
The research institute says if the central bank aims to bring inflation down from 7.7 per cent to its two per cent target by quickly raising rates, it could cause significant "collateral damage,"…
Achieving housing affordability for everyone in Canada will require developers to become more productive and make full use of land holdings to build more housing, CMHC says.
"...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…
Capital's annual rate of inflation hit 7.5 per cent in March, Statistics Canada said Wednesday, and local entrepreneurs say it's getting harder and harder to pass those extra costs on to customers.
Statistics Canada said Tuesday the country saw a merchandise trade surplus of $2.6 billion for January compared with a revised deficit of $1.6 billion in December.
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, which is at its highest level since 1991.
Statistics Canada reported Wednesday that the annual pace of inflation climbed in December to 4.8 per cent, a pace that hasn't been seen since September 1991.
Results offer first peek at how the last few months have transformed bank budgets, which have been under pressure since the pandemic began and financial institutions started offering mortgage and…