Chances for an interest rate cut in January are growing As the Bank of Canada left its overnight unchanged this week (like many expected), now more than half of economists surveyed by Finder predict a cut in January. “Our...

August 2019 – Canadian economy rose by 0.1% According to the recent report by Statistics Canada, the national economy showed only a 0.1% growth in August, affected by a recovery of manufacturing segment and an increase in services-producing industries. It’s slightly lower than specialists...

Bank of Canada keeps its overnight rate unchanged Today, the central bank left its key lending rate at 1.75%, just as many experts expected. At the same time, the Governor Stephen Poloz noted that Canada hasn’t been unaffected by the consequences of a global economic slowdown. According...

Toronto keeps showing growth in new home sales Last month, new home sales kept rising in the GTA, pointing to a stable rebound of the area’s real estate market. According to the Building Industry and Land Development Association (BILD), sales were up by 73% on a...

Divided Canadian economies are a new challenge for the central bank The differences between various parts of Canada have never been so sharp for the central bank. Only five years ago, oil prices fell drastically and Canada lost its major economic engine. Before that, the...