Interest Rates
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Return to 2% inflation rate could be a bumpy one. Here’s whyEconomists say inflation likely flared up again in February amid higher gasoline prices, reinforcing the expectation that the journey back to 2% inflation will be a bumpy one.EconomyMar 18
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U.S. rate cuts likely, but Fed’s Powell points to economic data as decision makerU.S. Federal Reserve Chair Jerome Powell said while interest rate cuts were likely later in 2024, upcoming decisions on when and how fast would be based solely on economic data.EconomyMar 6
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‘Colossally high’ number of Canadians plan to buy a home within a year. Why?Nearly 50 per cent of Canadians say they plan to purchase a home in the next five years and 11 per cent within the next 12 months, a new poll shows.ConsumerFeb 22
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Canada’s housing market is ‘starting to turn a corner.’ Are prices rising?According to the Canadian Real Estate Association, the housing market has seen an uptick in sales activity despite interest rates being at a 22-year high.CanadaFeb 14
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Interest rate cuts would ease housing supply constraint, Fraser suggestsSean Fraser says that based on conversations he’s had with housing developers, he thinks residential construction projects will begin to move forward once interest rates are cut.EconomyFeb 13
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Housing rebound risks upending Macklem’s inflation battle plans: realtorsRealtors say pent-up demand, chronic shortage of homes, a spike in rents and hopes of an interest rate cut may fuel a rally in the sector that could reignite inflation.EconomyFeb 8
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Montreal sees home sales, prices rise amid optimism around interest ratesThe Quebec Professional Association of Real Estate Brokers says Montreal-area home sales jumped 18 per cent in January compared with the same month a year earlier.CanadaFeb 6
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Canadians are contributing less to TFSAs as monthly costs soar: surveyThe basic monthly living expenses for Canadians have increased nearly $400 year-over-year, according to a new survey by BMO of over 1,500 Canadians.CanadaJan 19
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Bank CEOs expect to put more money aside for bad loans amid higher ratesRBC CEO Dave McKay, speaking at the bank's CEO conference, says he expects to see credit loss provisions peak this year as parts of the commercial side of lending remain strained.EconomyJan 9
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Albertans most concerned about ability to repay debts: consumer debt indexAccording to a consumer debt index published by debt insolvency trustees at MNP, Albertans are also the most likely in Canada to be concerned about their level of debt.ConsumerJan 8
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