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Inflation is back at the coveted two per cent annual rate. Wage hikes have outpaced inflation for 19 months in a row. The Bank of Canada is three rate cuts into an easing cycle, with no signs of stopping anytime soon. The recent run of positive economic news had the …
Read More »Where should you put your money now that interest rates are falling? – National
Three interest rate cuts in, the Bank of Canada is now firmly entrenched in an easing cycle that has major implications for where Canadians’ money can earn them the best returns. The shift from interest rate hikes to cuts warrants a “refresh” of Canadian portfolios, investment experts tell Global News. …
Read More »Fall housing market could be ripe for 1st-time buyers. Here’s why
Some long-unaffordable pockets of Canada’s housing market could open up to first-time homebuyers this fall as interest rates decline but experts expect prices will hold relatively flat. Activity in the Canadian housing market has largely been muted through much of the spring and summer despite the start of rate cuts …
Read More »Inflation decelerates in July as car prices shift into reverse – National
The annual rate of inflation cooled to 2.5 per cent in July, Statistics Canada said Tuesday, the slowest pace for price growth since March 2021. StatCan said that deceleration in price hikes was “broad-based” last month, with lower prices for travel tours, passenger vehicles and electricity. July figures follow an …
Read More »Inflation data coming amid rate cut bets. Here’s what to know – National
Many economists are expecting that July inflation data coming this week won’t dissuade the Bank of Canada from another interest rate cut at its next decision in September. Tuesday’s release of July consumer price index figures from Statistics Canada will be the central bank’s last look at the latest inflation …
Read More »Canada’s housing market hit ‘pause’ in July despite rate cuts – National
The start of interest rate cuts from the Bank of Canada has done little to stoke a fire in the Canadian housing market, fresh data from July shows. The Canadian Real Estate Association (CREA) said Thursday that home sales retreated by 0.7 per cent month to month in July, giving …
Read More »Inflation data coming with big implications for Bank of Canada. What to expect – National
The Bank of Canada will be scrutinizing May inflation figures this week as it gauges whether it can deliver back-to-back interest rate cuts. Statistics Canada is set to release the annual inflation rate for May on Tuesday. Inflation has consistently shown signs of cooling this year, last coming in at …
Read More »‘It’s crickets’: How sellers are getting creative in a slow housing market
A flood of listings in many Canadian housing markets is giving buyers who can qualify their pick of the litter and is forcing some sellers to get creative to land a deal. A glut of condos in Toronto, for example, means some sellers have to pull out unorthodox strategies to …
Read More »Shopping for a better savings rate? Where to look and what to consider – National
An interest rate cut from the Bank of Canada earlier this month marked the first signal that borrowing costs are heading down, but experts say the rates Canadians can expect on savings accounts are also at risk. The central bank’s policy rate, which now stands at 4.75 per cent after …
Read More »The Bank of Canada’s rate decision will reflect inflation’s difficult ‘last mile’ – National
As the Bank of Canada prepares to make its first interest rate decision of the year on Wednesday, economists say headwinds in the “last mile” of the inflation fight will serve as a final hurdle before rate cuts can begin. Inflation has cooled significantly from highs of 8.1 per cent …
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