Experts predict that the Bank of Canada will rely on a significant economic slowdown this fall to prevent inflation from rising further. The central bank has made progress in reducing headline inflation, with economists estimating that the consumer price index report from Statistics Canada will show a 2.9% annual inflation rate, down from 8.1% last …
Forecasters are predicting that the upcoming consumer price index (CPI) report will reveal an increase in inflation for last month, signaling a shift in progress after a year of steady declines. In June, Canada’s annual inflation rate fell to 2.8 percent, returning to the country’s target range for the first time since March 2021. However, …
According to a recent report from the Bank of Canada, company profits are not the cause of the high inflation experienced by Canadians over the past two years. The report reveals that changes in corporate markups have had a limited impact on inflation, with overall inflation falling to 2.8% last month. However, core inflation remains …
Written By Staff Source: The Canadian Press Posted on July 28, 2023 at 6:31 am Decrease article font size Increase article font size Statistics Canada is preparing to release its latest economic report for May, along with a preliminary overview of the second quarter. The early estimate from the federal agency shows a 0.4% growth …
As the Bank of Canada raises interest rates, borrowers are feeling the pinch. Traditionally, higher interest rates are expected to result in better savings rates. However, experts say that the relationship between borrowing costs and savings rates is not always straightforward. Consumers must be nimble and proactive to take advantage of competition in the banking …
The policymakers of the Bank of Canada have stated that they are willing to raise their benchmark interest rate further, despite already reaching its highest level in 22 years. This decision was made earlier this month, when the policy rate was increased by 25 basis points to 5.0 percent. The central bank recently released the …
Decrease article font size Increase article font size According to a survey of market participants released by the Bank of Canada on Monday, the bank will not raise rates again and will start cutting later than previously anticipated. The survey, conducted from June 8 to 19, showed that a median of the participants, including senior …
A new report released by the Canadian Centre for Policy Alternatives (CCPA) reveals that minimum wage earners across Canada are struggling to keep up with rental costs due to increasing interest rates and a lack of affordable housing. The report analyzes housing markets in Canada using the concept of a “rental wage” – the hourly …
The Bank of Canada has adopted a more flexible approach to its messaging strategy compared to January when it announced a pause in rate hikes that resulted in a resurgence of the housing market. This led to increased inflation and the need to resume tightening measures five months later. After raising rates to a 22-year …
Decrease article font size Increase article font size In June, the housing market in Canada experienced a slowdown due to the Bank of Canada’s interest rate hikes and an increase in new listings, according to the Canadian Real Estate Association. Compared to April, home sales only saw a 1.5% increase in June, with gains in …