Bank of Canada

The Bank of Canada is facing renewed calls for another interest rate hike after a surprise uptick in inflation last month. The annual inflation rate in April rose slightly to 4.4 per cent, compared with 4.3 per cent in March,…

The Bank of Canada is not yet concerned about the impact of rapidly rising mortgage rates on the overall health of the country’s housing market. That was the message from governor Tiff Macklem when he was asked after a speech to the…

The Bank of Canada considered raising interest rates earlier this month, as it feared being too slow to react to sticky inflation. In its summary of deliberations released Wednesday, the central bank says its governing council…

The head of the union representing public sector workers who are striking for better wages and working conditions couldn’t have been clearer in his message to Canadians earlier this week: We’re not just fighting for public servants,…

The Reserve Bank governor will hold press conferences after each meeting on interest rates to explain decisions to homeowners under a huge shake up of the central bank.In a landmark report that outlines the lessons learned during the Covid…

Homebuilding in Canada is slowing down just as policymakers are trying to pick up the pace. The rapid surge in interest rates over the last year is starting to throttle the pace of homebuilding, the Canada Mortgage and Housing Corp.…

This article is part of Global News’s Home School series, which gives Canadians the basics they need to know about the housing market that they never learned in school. For many Canadians, the quest to buy their first home begins and…

Canada’s housing market saw buyers return last month only to be met with a lack of supply, according to new home sales data. This made for the tightest conditions the housing market has seen in a year.The latest release from the…

The Bank of Canada is warning that higher mortgage rates tied to its rapid policy rate hikes over the past year will test some Canadian households’ finances in the months to come. The central bank’s latest projections about the impact…

The Bank of Canada is expected to hold its key interest rate steady this week as inflation continues to slow, despite other data suggesting the economy is still running hot. The central bank is set to announce its next interest rate…