canpoli

OTTAWA – Canada's annual inflation rate continued to slow last month, reaffirming the central bank's decision to hold its key interest rate steady.In its latest consumer price index report released Tuesday, Statistics Canada said…

By Patrick Penner, Local Journalism Initiative ReporterTRI-CITIES DISPATCHDeflated Tri-Cities property sales and listings continued in February, according to monthly statistics released by the Real Estate Board of Greater Vancouver…

February's home sales plummeted 40 per cent from a year ago to levels not seen since before the pandemic as new listings and prices also dropped in what one economist called ``hints of a bottoming process.''The plunge in sales came as…

OTTAWA – Canada faces its own set of economic challenges and its central bank is setting interest rates accordingly, Carolyn Rogers said as the Bank of Canada and U.S. Federal Reserve appear to be charting different paths.In a…

House prices in the Fraser Valley posted a slight but positive bump in February after nearly a year of month-over-month decreases. Similarly, sales, though still trending lower than normal, also recorded their first monthly gain since…

OTTAWA – The Bank of Canada is holding its key interest rate steady for the first time in a year while reiterating its wait-and-see approach to monetary policy.The central bank said Wednesday that it has decided to hold its key rate…

VANCOUVER — The Real Estate Board of Greater Vancouver says February's home sales were up 76.9 per cent from January, but down 47.2 per cent from the year before.The board says sales for the month totalled 1,808, roughly 33 per cent…

OTTAWA — The Canadian economy ended 2022 with a deeper slowdown than anticipated amid higher interest rates but appears to have gained momentum at the start of the new year.On Tuesday, Statistics Canada said real gross domestic product…

Crushing interest rates will punish the Canadian economy and stifle economic growth, the Senate Committee on Banking, Commerce and the Economy said in its recent "The State of the Canadian Economy and Inflation" report. “Our report offers…

OTTAWA – The annual inflation rate slowed more than expected in January, suggesting the Bank of Canada is likely content with its decision to pause rate hikes as price pressures continue to ease.In its consumer price index report…