Bank of Canada is expected to bring in a large interest rate cut this week
Statistics Canada's latest job report tilted expectations in favour of a larger cut.
interest rate
Inflation is down, wages are up. Why are Canadians still down on the economy?
The federal finance minister has been taking every opportunity to remind frustrated Canadians that after a bumpy pandemic recovery, the nation's economy is actually doing a lot better.
PBO expects inflation to drop and deficit to grow by year end
The parliamentary budget officer is projecting inflation will return to the Bank of Canada's two per cent target by the end of the year and the federal deficit will grow amid weakening economic conditions.
Five business trends to watch for in 2024
Business headlines in 2023 saw a housing crisis and the fight against inflation take centre stage while the job market proved to be stronger than expected.
Debate rages over how to battle inflation
Central banks have been trying their best to convince the public that their interest rate hikes are ultimately for the greater good.
B.C. Premier David Eby asks Bank of Canada governor to stop interest rate hikes
In a letter Thursday to Bank of Canada governor Tiff Macklem, Eby urged him to consider the "human impact" of rate hikes, which the bank has employed as an anti-inflationary measure, before making a decision next Wednesday.
Poilievre makes a pitch for spending cap, tax cuts in next federal budget
The coming federal budget should lower taxes, cap spending and make it easier to build new houses, Conservative Leader Pierre Poilievre said on Sunday, March 12, 2023, as he pinned blame for current economic woes on the Liberals.
Long-term interest rate hikes effects will be 'more powerful' than people think: Poloz
The full effects of interest rate hikes have yet to be felt — and will be "even more powerful" than many anticipate, said former Bank of Canada governor Stephen Poloz on Thursday, November 24, 2022, in a speech about ways Canada can chart a path toward economic growth during uncertain times.
Freeland emphasizes Bank of Canada's independence after Singh slams rate hikes
As another interest rate hike looms, Finance Minister Chrystia Freeland is emphasizing the Bank of Canada's independence after criticism from federal NDP Leader Jagmeet Singh.
Bank of Canada warns of another interest rate rise
Canada's key interest rate could go up another half percentage point in June to help wrestle inflation under control, Bank of Canada governor Tiff Macklem signalled on Monday, April 25, 2022.
Federal leaders pitch their affordability plans as inflation hits two-decade high
The question of who would make life more affordable for was Wednesday's hot topic on the campaign trail.
Bank of Canada holds interest rate steady, says COVID-19 economic recovery likely by 2022
The Bank of Canada kept its key interest rate on hold on Wednesday, October 28, 2020, as it said the country's economy won't fully recover what was lost to COVID-19 until 2022, with the road to there dependent on the path of the pandemic.
Bank of Canada asking public for input on inflation-rate target
The Bank of Canada is turning to the public for input on its inflation-rate target that underlies any changes to the central bank's trend-setting interest rate.
Bank of Canada forecasts decline in GDP of 7.8% this year
The Bank of Canada will keep its key interest rate at 0.25 per cent until the national economic picture improves, which governor Tiff Macklem said on Wednesday, July 15, 2020, will take "a long time."
Bank of Canada set to release economic outlook today
The Bank of Canada will make its latest interest rate announcement today and update its outlook for the economy.