Businesses are still anticipating passing on larger price hikes to consumers, even as the Bank of Canada’s efforts to control inflation appear to have stalled, according to the central bank’s latest surveys. The quarterly business outlook surveys, released on Monday, reveal that approximately half of businesses report that their pricing practices are not yet back …
By Staff The Canadian Press Posted October 3, 2023 8:55 am Decrease article font size Increase article font size Bank of Canada deputy governor Nicolas Vincent reveals that businesses are presently more inclined to increase their prices and in larger amounts compared to the pre-pandemic period. This ongoing trend is a major contributor to the …
From the surging demand in real estate due to ultra-low interest rates to the sudden rise in interest rates not seen in a generation, staying updated on the ever-changing mortgage landscape has been challenging. Now, with interest rates expected to remain high for an extended period, homeowners who secured low rates in previous years are …
By Staff The Canadian Press Posted September 29, 2023 7:25 am Decrease article font size Increase article font size Statistics Canada will release its figures for the start of the third quarter today, providing insights into the economy. The agency will report real gross domestic product numbers for July. Earlier estimates for July suggested that …
Stubborn inflation may not necessitate another interest rate hike, but it could result in the Bank of Canada maintaining its policy rate at a higher level for a longer duration, as indicated by new forecasts released this week. An updated economic outlook from Deloitte Canada, published on Thursday, reveals a more challenging path for gross …
The Liberal government’s latest plan to increase the supply of rental housing involves expanding a program that helps developers secure cheaper mortgage rates. As interest costs rise and impact the feasibility of new projects, the government aims to mitigate these challenges. Yesterday, Finance Minister Chrystia Freeland announced that the federal government is raising the annual …
A recent report by Rates.ca reveals that variable rate mortgage holders in Canada have incurred thousands of dollars in additional interest since the Bank of Canada began raising rates. The report compares the difference between fixed and variable rate mortgages using a hypothetical example of a five-year insured mortgage of $500,000 taken out in July …
The Bank of Canada Remains Cautious in Rate Decision Amid Concerns of Misinterpretation The Bank of Canada recently released documents revealing their cautious approach to communicating their latest policy rate decision. The bank’s governing council was concerned about potential misinterpretation that might suggest the bank was finished raising interest rates or that rates would soon …
Descrease article font size Increase article font size The annual rate of inflation picked up again in August, rising to four per cent, according to Statistics Canada. Economists had largely expected the increase, as gasoline prices pushed inflation higher. Statistics Canada attributed some of the inflation at the pumps to the base-year effect — the …
Prospective homebuyers had “more choice” in Canada’s housing market in August as a rise in new listings met a slowdown in activity, according to the national real estate association. Home sales fell 4.1 per cent between July and August, the Canadian Real Estate Association (CREA) said Friday. Slowdowns in the Greater Vancouver Area, the Fraser …