News
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.
PBO sees budget deficits exceeding government projections
The PBO sees the 2023-24 federal deficit at $46.8 billion.
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.
Labour picture improves on better than expected job growth, lower unemployment
Canada added 47,000 new jobs in September
Government rolls out new mortgage rules designed to spur construction of secondary suites
Government announces new measures to spur construction of additional housing
CEOs in Canada are becoming more worried about growth, KPMG says: Bloomberg
KPMG study finds Canadian CEOs are becoming less bullish on domestic economy
Government to pay out $2.5 billion in carbon rebates to small businesses by year end
The Canadian government says it will deliver $2.5 billion in carbon rebates to small businesses by year end
Freeland releases list of Chinese steel and aluminum products under tariff
The Canadian government releases full list of Chinese steel and aluminum products under a 25 per cent tariff
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.