The Bank of Canada is holding its key benchmark rate for the seventh time in a row, despite the U.S. Federal Reserve cutting its own for the first time in 10 years.
It’s time to amp up your economic education! This week’s Money Wise guide is all about Canadian macroeconomics. Read on to see how they’ll impact your wallet.
New numbers from Statistics Canada show that Canadian economic growth is slower than expected, reaching lows that have not been witnessed since the 2008 recession.
CIBC has released a report on Canada’s fastest growing economies – and Toronto, Calgary and Regina lead the pack with the highest GDPs. Read on to see how these urban centres’ housing markets, employment levels and industry growth points the way to economic opportunity.
As the year draws to a close, Canadian economic sentiment is far from cheery. As threat of the U.S. fiscal cliff looms, many fear another recession is imminent – despite optimistic economic predictions from a recent RBC survey.
As anticipated, the Bank of Canada has announced that the Overnight Lending Rate will remain at one per cent for the time being. However, change is slated for interest rates – as well as the Canadian and global economies – in 2013.
Looks like the Bank of Canada has been a tad too optimistic about the government’s willingness to spend – and that recent belt-tightening measures will amount to a 0.2 per cent drag on our country’s GDP growth.