News
A good-looking story?
Governor Tiff Macklem lowered borrowing costs at a fourth-straight meeting of Governing Council in Ottawa on Wednesday.
Bank of Canada delivers 50 basis point rate cut
Governor Tiff Macklem lowered borrowing costs at a fourth-straight meeting of Governing Council in Ottawa on Wednesday.
Lower rates begin to breathe new life into housing market
Lower borrowing costs are breathing new life into the Canadian housing market.
Inflation drops to 1.6% in September, opening way for half-point cut
Falling gasoline prices were the main driver of easing inflation in September.
Flat GDP growth in August keeps half-point rate cut on table
GDP growth was higher than expected in July but flatlined in August, Statistics Canada reported.
Canada’s unemployment rate continues to march higher, hits 6.6% in August
Canada's unemployment rate jumps to 6.6% in August
Bank of Canada cuts rates for a third straight meeting, Macklem suggests more to come
Bank of Canada Governor Tiff Macklem at a press conference in July 2024.
Canada loses jobs for a second month, leaving door open for more rate cuts
The latest jobs report does nothing to alter the view that the Bank of Canada will lower interest rates further, after cutting in June and July.
Financial market turmoil could mean lower rates but higher unemployment
Investors may be losing confidence in the ability of global markets to withstand inflation fighting measures.
Bank of Canada survey shows weak business conditions persist
Bank of Canada Governor Tiff Macklem
June inflation data could open door to 2nd Bank of Canada rate cut: Global
Statistics Canada is due to release June inflation data on Tuesday.