Bank of Canada

According to the Building Industry and Land Development Association (BILD), 2022 saw the Greater Toronto Area (GTA) experience the lowest level of new home sales since 2018. Altus Group, BILD’s official source for new home market…

OTTAWA – The Bank of Canada delivered what it expects to be its last interest rate hike of the cycle as it pauses to assess the effects of higher rates on the economy. The central bank raised its key interest rate by a quarter of a…

CALGARY — The Calgary Real Estate Board says home sales in the region ended the year on a record high even though December sales fell 31 per cent from a year ago. The Albertan board says it capped the year with 29,672 sales, including…

Mortgage stress test levels were left unchanged Thursday as the federal banking regulator and Department of Finance favoured a cautious approach over calls to relax tests to help a slowing housing market. The Office of the…

The Bank of Canada expects to see a clear pullback in inflation by the spring, but it isn't taking any chances in its efforts to get the inflation rate back to two per cent, said governor Tiff Macklem on Monday. ``Yes, we are going…

OTTAWA – The Bank of Canada hit a turning point on Wednesday when it announced a half percentage point interest rate increase while signalling it might be ready to pause its aggressive rate hike cycle. The central bank hiked its key…

CALGARY — The Calgary Real Estate Board says the city's November home sales dipped by more than 20 per cent since the same time last year, but 2022 is still on track to set a record. The Alberta board says last month's sales amounted to…

OTTAWA – The full effects of interest rate hikes have yet to be felt – and will be ``even more powerful'' than many anticipate, said former Bank of Canada governor Stephen Poloz Thursday in a speech about ways Canada can chart a path…

OTTAWA – Governments looking to provide inflation relief to Canadians should choose measures that are well targeted and temporary, says Bank of Canada governor Tiff Macklem. At a House of Commons committee meeting Wednesday, Conservative…