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By Staff The Canadian Press Posted January 4, 2024 8:24 am Descrease article font size Increase article font size Deloitte Canada says the Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring. The firm’s economic outlook report predicts …
Read More »Housing market 2024: What to expect with rate cuts in the forecast – National
After nearly two years of hikes to the Bank of Canada’s benchmark interest rate, some forecasters are expecting the housing market correction will come to an end in 2024. But when that bottom hits, and how fiercely home sales and prices rebound, is a question dogging some Canadians who continue …
Read More »Lower bond yields could soon mean cheaper mortgages. Here’s why – National
With the Bank of Canada offering little hope to those aching for interest rate relief, experts say some Canadians might be able to get a break on their mortgage by paying closer attention to the bond market. While the central bank sets the benchmark interest rate broadly for Canadians and …
Read More »As mortgage payments go up, should you renew or refinance your home loan? – National
Many Canadian homeowners are facing sticker shock with their monthly payments as their mortgage comes up for renewal, leaving them with a crucial choice: whether to renew or refinance their home loan. “They’re used to paying $2,000 every single month for the last five years and all of a sudden, …
Read More »Companies have been quick to pass higher costs on to customers, BoC finds – National
By Staff The Canadian Press Posted October 3, 2023 8:55 am Descrease article font size Increase article font size Bank of Canada deputy governor Nicolas Vincent says businesses are still raising their prices more frequently and by larger amounts than they did before the pandemic, which is contributing to higher-than-expected …
Read More »As interest rate decision looms, here’s what to expect in the fall housing market – National
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 »Canada’s economy grew 0.3% in May, but early signs of declines in June – National
Canada’s economy kept growing in May, but early signs of a long-awaited slowdown started to appear in June, according to Statistics Canada. The federal agency said Friday that real gross domestic product was up 0.3 per cent in May, with growth in services-producing sectors offsetting declines in goods. A return …
Read More »Rents dwarf minimum wage in every province. Rising interest rates aren’t helping – National
Pressure from higher interest rates and a lack of affordable housing means renters living on minimum wage in almost every neighbourhood across Canada are falling behind, a new report shows. A Canadian Centre for Policy Alternatives (CCPA) analysis released Tuesday evaluates housing markets in Canada by “rental wage” — the …
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 »Statistics Canada set to release GDP report for April – National
A pair of key economic reports are due out Friday morning. Statistics Canada will release its report on how the economy fared in April when it releases its reading of gross domestic product for the month. The agency’s early estimate for April that it released last month had pointed to …
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