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OTTAWA – The Bank of Canada said vulnerabilities from high household debt and elevated housing prices have increased and pose key risks to the Canadian financial system. In its latest financial system review, the central bank said…

TORONTO – A new study conducted by Chartered Professional Accountants of Canada (CPA Canada) finds that Canadians who don't own homes think home ownership remains far out of reach despite prices cooling slightly across the country.…

MONTREAL – The Quebec Professional Association of Real Estate Brokers says a slowdown continued to take shape in Montreal last month as home sales dropped by nine per cent since last year. The association says sales for the month…

OTTAWA – The Bank of Canada may need to raise its key interest rate to three per cent or beyond – more than double its current level – to ensure inflation doesn't settle in for the long haul, its deputy governor says. ``We're scared that…

The Bank of Canada raised its overnight rate by half a percentage point to 1.5 per cent Wednesday and signalled more increases to come, as it aims to curb out-of-control inflation, which is now at its highest level in 30 years. Here's…

The Bank of Canada (BoC) increased its target for the overnight rate to 1½% on Wednesday, with the Bank Rate at 1¾% and the deposit rate at 1½%. The Bank is also continuing its policy of quantitative tightening (QT). According to a…

OTTAWA – Economists say the Bank of Canada is still on track for another oversized rate hike on Wednesday after the latest Statistics Canada data showed the pace of economic growth slowed in the first quarter. The federal agency said…

Experts predict the Bank of Canada will likely announce another major interest rate boost Wednesday as it tries to rein in runaway inflation. After keeping its key interest rate near zero since March 2020, the central bank unveiled a…

HALIFAX – Gina Grattan moved to Halifax from her hometown of Amherst, N.S., when she was 18, and she says living in her chosen city is becoming increasingly difficult – despite working two jobs. ``Halifax is my home, and I'd like to…

The GTA new home market showed signs of slowing down in April from the exceptionally strong pace of the past year, the Building Industry and Land Development Association (BILD) announced today. Total April new home sales of 3,645 units…