Bank of Canada

Bank of Canada Governor Tiff Macklem is reminding Canadians it’s not his job to be a part of the federal government’s spending decisions. He made that point clear at Wednesday’s finance committee meeting, where he was summoned to…

 Over a six-week period, as part of the ‘Out of Pocket’ series, Global News is examining how inflation is impacting Canadians from coast to coast.Canadians feeling their dollars stretched between high inflation and a rapid rise in…

Descrease article font size Increase article font size Canada’s housing market is off to a cold start in 2023, as both homebuilding and sales activity show multi-year lows. The…

More than six in 10 or 63 per cent of Canadians belonging to low-income households are worried about the impacts of inflation on food, housing and other expenses, a recent report by Statistics Canada has found. The report published…

Lower interest rates in 2023 could revitalize Canada’s housing market before the end of the year, according to some economists, even as the central bank warns the rate cut conversation is premature. A report from Desjardins Economics…

The Bank of Canada will release a summary of its deliberations on the latest interest rate hike later Wednesday, the first time the central bank is giving Canadians a peek behind the curtain into its decision-making process. The bank…

The Bank of Canada’s monetary policy is working as intended to tackle inflation, says Governor Tiff Macklem, as the central bank prepares to pause its campaign of aggressive interest rate hikes. Economic signs are showing that the…

The Bank of Canada is set to publish its first summary of deliberations Wednesday, giving Canadians a peak into the governing council’s reasoning behind its decision to raise interest rates last month. Following a recommendation from…

By Staff The Canadian Press Posted February 3, 2023 6:17 am…

Canada’s six biggest banks raised their prime lending rates following an eighth consecutive increase to the Bank of Canada’s benchmark interest rate. The central bank’s target for the overnight rate now sits at 4.5 per cent following…