canadian economy

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…

TORONTO – Mortgage lender Home Capital Group Inc. has agreed to be bought by Smith Financial Corp. in a deal that values the company at $1.7 billion as the sector feels the strain from rising interest rates and economic uncertainty.…

OTTAWA – The Bank of Canada signalled it is drawing closer to the end of what's been one of the fastest rate hike cycles in its history Wednesday as it raised its key interest rate by a half-percentage point – but made it clear that…

As another Bank of Canada interest rate hike is to be announced Wednesday (26th), a recent poll conducted by Ipsos on behalf of MNP Ltd finds that six in ten Canadians (59%,+1pt) say they are concerned about the impact of rising…

THE NELSON DAILYInflation and wage cost pressure have left the city with no choice but to raise municipal taxes by twice the average annual amount.The city will be bumping its annual taxation figure by a full four per cent, nearly…

OTTAWA — Better-than-expected growth in November pushed the Canadian economy above pre-pandemic levels for the first time in nearly two years, but the Omicron surge in COVID-19 cases is expected to deal it yet another setback to start 2022.…

OTTAWA — Statistics Canada says the annual pace of inflation climbed in December to its highest rate since 1991.The agency says the consumer price index in December was up 4.8 per cent compared with a year ago.The reading compared…

OTTAWA — Statistics Canada says the consumer price index in August rose 4.1 per cent compared with a year ago, the largest year-over-year inflation increase since March 2003.The jump compared with a gain of 3.7 per cent in July.…

OTTAWA — Statistics Canada says annual pace of inflation rose to 3.7 per cent in July, the biggest increase since May 2011.The year-over-year increase in the consumer price index compared with a 3.1 per cent increase in June as more of…