Bank Of Canada

• Canada’s unemployment rate hits 7-year high in August

  More signs of weakness in the Canadian labour market have some economists wondering if the Bank of Canada should pick up the pace of cuts.

  Economy

  Sep 6
  
• Interest rates on car payments not heavily affected by BoC key interest rate drop

  Despite the Bank of Canada cutting its interest rate a third time, car dealerships in Regina say it has little to no short-term effect on vehicle financing and interest payments.

  Canada

  Sep 5
  
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• Better mortgage rates but not prices for B.C. homeowners, buyers after BoC rate cut

  British Columbians can expect better mortgage rates after the Bank of Canada cut its key interest rate again Wednesday, experts said. Affordability, however, is still an issue.

  Economy

  Sep 4
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• The Bank of Canada cut rates again. Here’s why, and what’s next

  The Bank of Canada is continuing to cut its benchmark interest rate, lowering the cost of borrowing as inflation increasingly looks to be under control.

  Money

  Sep 4
• The Bank of Canada is expected to cut rates again, with U.S. Fed on deck

  The Bank of Canada and U.S. Federal Reserve are both gearing up for interest rate decisions. Here's what economists expect from governor Tiff Macklem this week.

  Money

  Sep 3
• Rail shutdown could ‘jeopardize’ some inflation progress: economists

  Uncertainty around how long rail disruptions may last could have dire implications for the Canadian economy. Here's what economists say about how the Bank of Canada might react.

  Economy

  Aug 23
• From ‘gradual’ to a cut every meeting: Why are interest rate bets changing?

  Expectations for how quickly the Bank of Canada could cut interest rates have been accelerating in recent months. Here's why, and what to expect for the rest of 2024.

  Money

  Aug 21
• Inflation data coming amid rate cut bets. Here’s what to know

  Tuesday’s release of July consumer price index figures will be the central bank’s last look at the latest inflation trends before its upcoming rate decision slated for Sept. 4.

  Money

  Aug 19
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• Mortgage payments holding up, but other debt arrears rising: StatCan

  While Canadians were falling behind on credit card debt and auto loan payments late last year, rates of mortgage arrears were steady compared to pre-pandemic levels, StatCan found.

  Economy

  Aug 14
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• The economy’s fine, but you’re not getting ahead: Welcome to the ‘me-cession’

  Economists argue that population growth has lifted the country out of recession territory even as individual Canadians feel like they're struggling to get ahead.

  Money

  Aug 14