Disinflation is anticipated to be a pressing economic issue in 2014, as the cost of goods and services fail to grow fast enough to support the economy. Healthy inflation is needed for stable economic growth, but consumers must also be prepared for rising interest rates when growth eventually picks up the slack.
Canadians are in the mood to spend again as the latest consumer confidence report points to increasing optimism about our economy.
Taking off this March Break? Check out our vacation savings tips.
The Bank of Canada announced today that the Overnight Lending Rate would remain at 1%, once again – and that an increase isn’t expected any time soon.
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.