Is there change to come for Canada’s inflation target? As the economy faces a slow recovery, the Bank of Canada is considering tweaking pricing for consumer goods in order to meet its benchmark.
The Bank of Canada has cut rates for the second time this year, bringing the cost of borrowing to 0.5%. How will this affect borrowers, homeowners and the economy? Read on for the full story.
Today’s Bank of Canada announcement left interest rates untouched for the time being, but speculation remains over whether interest rates will change again this year. Most economists believe they’ll rise by next year – but some are calling for opposite action. Check out our breakdown.
The Bank of Canada inflation target is an important way to measure our economy’s health – but there’s recent talk of changing the target altogether. Does this spell bad news for the economy? Read on to find out.
With another rate announcement slated for March 4, borrowers and economists alike are waiting to see if the Bank of Canada will cut rates yet again. There are a number of economic factors that suggest the possibility. Read on for the full story.
Canada’s dollar continues to drop as oil prices slide and the U.S. greenback strengthens. While a lower Loonie is good news for our exporting industry, consumers could find themselves paying more. Here’s how you could be affected.
2014’s record low mortgage rates have lasted into the new year with no change in sight, according to RateSupermarket.ca’s expert Mortgage Rate Outlook Panel.
We’ve all heard the economic saying, “When the U.S. sneezes Canada gets a cold”. Well, the U.S. has been feeling better as of late, accelerating Canada’s recovery as a result. Six years after the financial crisis gripped the world, Canada’s looking south to forecast its economic growth. There’s good reason for it; Canada does 75 per cent of …
The Canadian economy could be in for a second recession, according to a Moody’s Analytics report. The culprits: record high levels of Canadian household debt, and little room for stimulus should the cost of borrowing go up.
Canadians are a little lighter in the pockets these days – and July saw lower-than-expected inflation growth as a result. Levels only rose by 1.3 per cent from 2011 numbers year-over-year – shy of the 2 per cent average aimed for by the Bank of Canada.