Carolyn Wilkins acknowledged it’s difficult for the central bank to estimate the “highly uncertain” economic fallout from tit-for-tat tariffs between Canada and the U.S., and the resulting blow to business confidence. Continue reading
Canada central bank said it is ‘monitoring closely’ the ongoing NAFTA talks but added that higher interest rates ‘will be warranted.’ Continue reading
The federal agency says the consumer price index for July was up 3.0 per cent on a year-over-year basis compared with a 2.5 per cent increase in June. Continue reading
The unexpectedly strong overall performance boosted market expectations that the Bank of Canada could hike interest rates next month. Continue reading
The result, which was well above expectations, has economists discussing the possibility of an October interest rate hike by the Bank of Canada. Continue reading
Agriculture and tourism are bright spots for Alberta’s economy this summer, according to economist Todd Hirsch. But he warns there could be trouble on the horizon if uncertainty around pipelines, the NAFTA deal and international trade continues. Continue reading
Canadians should be responsible for their own debts, but Mike Stafford says Canadian banks and lenders have to share some responsibility, as well. Continue reading
Wednesday’s hike wasn’t huge, but it is the fourth increase in the past 12 months, and the cumulative effect will further erode our disposable income. Continue reading
As the Bank of Canada raised key interest rates to 1.5 per cent (up from 1.25 per cent) Wednesday morning, mortgage rates are already rising as well. Continue reading
It’s the fourth increase since last summer, but economists expect a lull before the next rate move. Continue reading
