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Canada’s housing market could face a chill this fall as prospective buyers and sellers wait to see where the Bank of Canada’s interest rate path will head, according to new polling released Tuesday. Re/Max Canada said in a report that home prices are expected to remain flat nationally from August …
Read More »‘Increasing demand’ for secondary units as homebuyers grapple with rate hikes – National
As Canadians grapple with interest rate hikes and high mortgage payments, there is a growing demand for houses with secondary units, like basement apartments and laneway homes, real estate experts say. Recent changes in zoning bylaws in cities across Ontario and Alberta have offered greater flexibility for building new secondary …
Read More »Inflation dropped below 3% in June, entering Bank of Canada target range – National
Descrease article font size Increase article font size The annual rate of inflation cooled to 2.8 per cent in June, marking a milestone in the Bank of Canada’s efforts to fight raging price pressures. Statistics Canada said Tuesday that the slowdown in prices was “broad-based” but attributed most of the …
Read More »Bank of Canada set to announce June rate decision. Will it hike or hold? – National
By Staff The Canadian Press Posted June 7, 2023 6:29 am Descrease article font size Increase article font size The Bank of Canada is set to announce its interest rate decision Wednesday as speculation about another rate hike heats up. Recent economic data suggests the Canadian economy is running hotter …
Read More »Bank of Canada expected to hold interest rate under planned pause on hikes – National
One year after the Bank of Canada’s aggressive rate hike cycle began, economists widely expect the central bank will stick to its plan of holding its key interest rate steady at its next scheduled announcement. In making its rate decision next week, the central bank likely feels assured about its …
Read More »Bank of Canada set to release summary explaining latest interest rate hike – National
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 last year announced it would start publishing these summaries about two …
Read More »Freeland to meet provincial and territorial finance ministers in Toronto
By Staff The Canadian Press Posted February 3, 2023 6:17 am Updated February 3, 2023 6:19 am Descrease article font size Increase article font size Deputy Prime Minister and Finance Minister Chrystia Freeland is hosting an in-person meeting Friday with the provincial and territorial finance ministers in Toronto. The meeting …
Read More »Bank of Canada not ready to hit the brakes on rate hikes yet, economists say – National
Economists don’t believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet, even as signs grow that inflation is easing and the economy is softening. Canada’s central bank is expected to announce its eighth consecutive rate increase on Wednesday, with most commercial …
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