Bank of Canada appoints Toni Gravelle as new deputy governor
The central bank says that effective Oct. 1 Gravelle will replace Lynn Patterson, who retired over the summer. Continue reading
Bank of Canada
Canada’s household-debt-to-income ratio down slightly in second quarter
Incomes are growing slightly faster than debt. Continue reading
Worsening of trade war would deliver a ‘complex shock’ to the economy: Bank of Canada
Economic growth has been accelerating, but uncertainty over trade is already taking a toll, Bank of Canada deputy governor Lawrence Schembri said. Continue reading
Bank of Canada holds rates at 1.75% with no hint about future moves
Canada’s central bank said the economic damage from the U.S.-China trade war is worse than expected but did not mention the possibility of a future rate cut. Continue reading
Canadian economy expands 3.7% — strongest quarterly growth stretch since 2017
The agency says the economy rode a powerful, broad-based rebound in goods exports in the second quarter. Continue reading
Bank of Canada’s next update could affect federal election
Since the bank’s most-recent public comments in early July, there’s mounting evidence of a slowing global economy mostly due to the escalating U.S.-China trade war Continue reading
Delinquency rates increasing, credit scores still high on Prairies: report
By Connor O’Donovan Digital Broadcast Journalist
A first quarter credit report from the Canada Mortgage and Housing Corporation shows slight increases in delinquency rates across the prairies. Continue reading
Canada’s inflation holds at 2% in July for second straight month
The pace of consumer price growth is right where the Bank of Canada likes it to be. Continue reading
Germany, the U.K. and others are flirting with recession. Can Canada dodge the economic bullet?
Other export-oriented countries are already reeling from the U.S.-China trade war. Continue reading
Stock market rumbles and maybe a recession? What the U.S.-China trade war means for you
The recent spat between the world’s two economic superpowers has implications for both investors and mortgage-holders in Canada. Continue reading