benchmark

OTTAWA – The Bank of Canada says the national economy will go in reverse for the first quarter of 2021, hammering the hardest-hit workers again on the path to a recovery that rests on the rollout of vaccines. Workers in high-contact…

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…

OTTAWA – The economy appears to have avoided a worst-case scenario due to the COVID-19 pandemic, the Bank of Canada said Wednesday as it kept its key interest rate steady at its lower bound. The bank left its target for the overnight…

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…

The Bank of Canada (BoC) today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. In a statement from the central bank, this unscheduled…

OTTAWA – The Bank of Canada is cutting its overnight rate target by half a percentage point to 0.75 per cent in response to COVID-19. The central bank said Friday the unscheduled rate decision was due to the pandemic and its impact on…

OTTAWA – The Bank of Canada is cutting its key interest rate target by half a percentage point, dropping it to 1.25 per cent in response to the economic shock from the novel coronavirus outbreak. The central bank said Wednesday that it…

Four British Columbia Lower Mainland cities kicked off a pilot project designed to help building owners and managers easily “benchmark” and disclose the energy and emissions of their properties. The cities of Burnaby, Richmond,…