interest rates

Deloitte says energy prices will likely be volatile in the first quarter of 2023 as geopolitical uncertainty continues.

British Columbia has become the first province to require a three-day cooling-off period for buyers after they've signed an agreement to purchase a home.

Social agencies and advocates say rising interest rates and high inflation are pushing more Canadians into homelessness.

The Bank of Canada lost $522 million in the third quarter of this year, marking the first loss in its 87-year history. 

Bank of Canada senior deputy governor Carolyn Rogers says addressing supply problems could help ease inflationary pressures but such policies wouldn't substitute the need for higher interest rates.

Any significant attempt right now to help Canadians contend with inflation would be like trying to put a fire out with gasoline, writes columnist Max Fawcett.

In his latest economic and fiscal outlook, budget watchdog Yves Giroux says he expects the Bank of Canada to raise its key interest rate to four per cent by the end of the year, a move which is in line with financial markets' expectations. 

The United Nations' development program is calling on rich countries and financial institutions in them to do more to help alleviate a growing debt crisis faced by the world’s poorest countries, including by writing off debts — not just rescheduling them.

The federal government’s newly announced inflation relief for lower-income Canadians through the GST rebate stacks up as a better policy than some of the cash payments issued by provinces, economists say.

It’s intergenerational warfare by proxy, one that’s been fought on the battlefields of municipal zoning bylaws and redevelopment applications, and the forces fighting for more density and affordability continue to suffer heavy casualties, writes columnist Max Fawcett.

The Canadian economy stayed flat in May, with growth slowing down as businesses continue to face supply constraints and rising interest rates, though economists say the current cycle of interest rate increases is expected to continue into the fall.

Young people are feeling the pinch of inflation more than their older counterparts, as the ever-increasing cost of living in Toronto is forcing some to rethink their plans.

Perhaps it’s time to challenge the old orthodoxy because the Bank of Canada is unlikely to reach its target of two per cent inflation without causing a recession.

For all the talk about deficits, supply chains and other knock-on impacts of the COVID-19 pandemic, oil and gas have applied the bulk of the inflationary pressure on both global economies and household budgets, writes columnist Max Fawcett.