Economy

OTTAWA – The cost of nearly everything at the grocery store continued to climb higher to help push the annual inflation rate to a fresh three-decade high in April and economists warn prices could continue to heat up.Statistics …

Increasing mortgage rates slowed home sales in April from the frenzied pace they started the year at, the Canadian Real Estate Association said Monday.The association found the number of homes sold dropped by 25.7 per cent to 54,894…

VANCOUVER — The British Columbia Real Estate Association says the sharp increase in mortgage rates is pushing the province's home sales down ``a path to normalizing,'' although it estimates a balanced market is at least a year away.The…

MONTREAL – Inflation is at a multi-decade high, but the situation is different than the 1970s when high inflation was combined with high levels of joblessness and slow or recessionary economic growth, a senior Bank of Canada official said…

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…

In March, GTA new home sales saw a change from the breakneck pace of the past few months, according to the Building Industry and Land Development Association (BILD).There were 4,115 total new home sales in March, which was down 21 per…

OTTAWA – Canada's inflation rate hit 6.7 per cent last month, the fastest annual increase in more than three decades as Russia's attack on Ukraine pushed up oil prices and a pandemic-related supply chain crunch dragged on.The March…

OTTAWA – The Bank of Canada raised its key interest rate by the highest amount in more than 20 years and warned more rate hikes are coming as it increased its outlook for inflation.The central bank hiked its policy interest rate by half…

The Bank of Canada is gearing up to announce its next move on interest rates this Wednesday, with Bay Street forecasters expecting a 50 basis-point increase to put Canadians with variable rate mortgages on edge and keep some prospective…

OTTAWA – The Russian invasion of Ukraine is adding to inflationary pressures around the world and in Canada, a senior Bank of Canada official said Friday.In a speech by webcast to a conference at the U.S. Federal Reserve Bank of San…