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Bank of Canada open to hiking interest rates past 3% in bid to bridle inflation
OTTAWA – The Bank of Canada may need to raise its key interest rate to three per cent or beyond – more than double its current level – to ensure inflation doesn't settle in for the long haul, its deputy governor says.``We're scared that…
May home sales down 39% from last year, prices up almost 10%: Toronto board
TORONTO – The Great Toronto Area housing market is becoming more balanced as May home sales dropped 39 per cent from a year earlier and prices rose almost 10 per cent, the Toronto Regional Real Estate Board said Friday.The Ontario board…
Toronto Society of Architects launches new season of walking tours
The Toronto Society of Architects (TSA) has launched a new season of its walking tours program exploring the stories behind Toronto's buildings and landscapes.Now in their 12th season, the TSA’s walking tours celebrate Toronto’s…
The Bank of Canada hiked rates again. Here’s a timeline of how we got here
The Bank of Canada raised its overnight rate by half a percentage point to 1.5 per cent Wednesday and signalled more increases to come, as it aims to curb out-of-control inflation, which is now at its highest level in 30 years.Here's…
Bank of Canada increases policy interest rate by 50 basis points, continues QT
The Bank of Canada (BoC) increased its target for the overnight rate to 1½% on Wednesday, with the Bank Rate at 1¾% and the deposit rate at 1½%. The Bank is also continuing its policy of quantitative tightening (QT).According to a…
Nova Scotia identifies 37 provincially owned parcels of land suitable for housing
HALIFAX — A total of 37 parcels of provincially owned land have so far been identified as suitable for housing developments, Nova Scotia's housing minister announced Tuesday.John Lohr said five of the sites are ready for proposals from…
Camp-de-Touage Service Center – Pointe-Taillon National Park
Developed by Blouin Tardif Architectes in consortium with Éric Painchaud architecte, the restoration of Quebec’s Camp-de-Touage Service Center ensures sustainability to connect people to nature.The Tow Camp dates back to the time when…
Bank of Canada on track for rate hike after GDP growth slows: Economists
OTTAWA – Economists say the Bank of Canada is still on track for another oversized rate hike on Wednesday after the latest Statistics Canada data showed the pace of economic growth slowed in the first quarter.The federal agency said…
Study reveals Toronto as the most popular Canadian city to rent
Despite Vancouver being the most popular location to rent among Canadian citizens, a study by Duuo, a tenant insurance organization, revealed rent in Toronto is $405 cheaper than Vancouver.The research also unveiled that Edmonton is the…
Bank of Canada expected to jack up interest rates as inflation persists
Experts predict the Bank of Canada will likely announce another major interest rate boost Wednesday as it tries to rein in runaway inflation.After keeping its key interest rate near zero since March 2020, the central bank unveiled a…