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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…

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…

TORONTO – The outlook for commercial real estate looks ``bumpy'' in the near term, but CBRE's 2023 forecast predicts a soft landing could still be in the cards.The Canada Real Estate Market Outlook report, released Tuesday, predicts…

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…

The GTA new home market saw a slow month in January, according to the Building Industry and Land Development Association (BILD).There were 567 new home sales in January, which was down 81 per cent from January 2022 and 70 per cent below…

OTTAWA – The Bank of Canada contemplated not raising interest rates last month but with the economy outperforming expectations, its governing council ultimately decided in favour of one more rate hike before taking a pause.In its…

OTTAWA – Bank of Canada governor Tiff Macklem says that although a slowing economy may not seem like a good thing, it is when the economy is overheated.Speaking in Quebec City Tuesday, Macklem said that higher interest rates are working…

OTTAWA – The Bank of Canada delivered what it expects to be its last interest rate hike of the cycle as it pauses to assess the effects of higher rates on the economy.The central bank raised its key interest rate by a quarter of a…

TORONTO — The median price of a home in Canada in the fourth quarter of 2022 posted the first year-over-year decline since the end of 2008 during the financial crisis, Royal LePage says.In its house price survey released Friday, the…