bankofcanada

OTTAWA — The Canadian economy grew slightly in November and looks to have stalled further at the end of the year as higher interest rates began to slow spending.Statistics Canada's preliminary estimate for real GDP in December indicates…

OTTAWA – Canada's population grew at a faster rate than many of its peers, rising to over 36.99 million on census day last year despite a historic slowdown caused by COVID-19.Statistics Canada said the national population grew by 5.2…

Kelly Rae, the administrator of Arran, Sask., says the denizens of dwindling rural communities like her own are clinging to a vanishing way of life in Canada.Between 2011 and 2021, the village west of the Manitoba border saw its…

TORONTO – When Mark Garner looks around downtown Toronto all he sees is growth.At Yonge and Gerrard streets, the executive director of the Downtown Yonge Business Improvement Area watches the lobby of the 80-storey Aura condos – the…

TORONTO – Last February, Audrey Eldaoud and Robert Mawe set out to find a single-family home where they could put down roots.With jobs that became permanently remote during the pandemic, the young couple was granted the chance to…

OTTAWA – Canada's finance minister laid out the broad strokes of this year's federal budget, saying she wants to boost the country's economic potential while minding inflation rates not seen in 30 years.Chrystia Freeland also said…

OTTAWA – About $1 billion worth of mortgage payments were deferred each month during the pandemic, Canada Mortgage and Housing Corp. said on Thursday.The calculation, released in CMHC's annual residential mortgage industry report, is…

OTTAWA – The Bank of Canada sought Wednesday to temper economic excitement about a sharper-than-expected rebound from the depths of the COVID-19 crisis, pointing to worrying trends that signal all is still not well.In a statement, the…

Uncertainty is everywhere in the financial world these days as the COVID-19 pandemic spreads, and that's translating into big swings in mortgage rates and challenges in how to navigate borrowing for a home.Given the lack of economic…

TORONTO – Canada's housing market could see a significant pullback this year because of the COVID-19 pandemic, but could rebound next year, a report by RBC says.This year's home resales could dive by 30 per cent to a 20-year low as…