BoC

OTTAWA –  The Bank of Canada's unprecedented actions in response to the pandemic have helped hard-hit workers, but governor Tiff Macklem said Thursday that the measures may have increased economic inequality at the same time.During a…

OTTAWA – Finance Minister Chrystia Freeland says the country needs a boost in the supply of housing to help make prices more affordable, but suggests there may be other steps governments can take.Speaking at a virtual event on Thursday,…

OTTAWA – The bank of Canada provided a rosy revision to its economic outlook Wednesday but kept its key rate at 0.25 per cent in a sign that it won't count its chickens before they hatch.The improving conditions are why the bank also…

OTTAWA –The Bank of Canada says it will wind down several pandemic buying and lending programs aimed at keeping credit flowing, believing its work there is done as market conditions improve.In a speech, deputy governor Toni Gravelle…

OTTAWA – The Bank of Canada kept its key interest rate on hold Wednesday even as it said it now expects the economy will grow over the first three months of this year, an about-face from its previous forecast just weeks ago that 2021 would…

OTTAWA – Bank of Canada governor Tiff Macklem says the central bank is seeing early signs that people may be purchasing homes solely because they believe prices may go up.Macklem says rising prices in particular for single-family…

In a speech today to chambers of commerce in Calgary and Edmonton, Bank of Canada Governor Tiff Macklem discussed how the economy and jobs could be different after the COVID-19 pandemic and what we can do to ensure that everyone benefits as…

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 – The country's annual inflation rate in November rose to its fastest pace since the start of the pandemic, driven by a rise in prices for homes, rent and goods around the house.Statistics Canada said Wednesday the 1.0 per cent…

TORONTO – HSBC says it will offer rates below one per cent for some mortgages, which rate comparison website RateSpy.com says is a record low for Canada.However, experts say the rock-bottom rate comes with costs of its own.The…