Bank of Canada doesn’t raise its interest rate and now a rate cut possibility appears Today, the Bank of Canada kept its key lending rate unchanged at 1.75% once again, and said the moment of future rate increases is highly uncertain. The BoC pointed to the...

What to expect from Bank of Canada tomorrow? In the fourth quarter of 2018, Canada’s economic growth slowed down. GDP rose only by 0.4% annually, pushing down the overall 2018 growth to 1.8%. Such an unexpected drop almost guarantees that the central bank will not raise...

Canada shows one of the highest homeownership rates in the world Although there are a lot of concerns over housing affordability in the country, Canada still shows one of the highest homeownership rates globally. In 2016 (it’s the most recent available data for now), Canada reported...

National economy goes down by 0.1% In December, the Canadian economy shrank by 0.1% and reported declines during three out of four previous months. According to Statistics Canada, the service sector rose by 0.2% in December, however, it was offset by a 0.7% decrease in goods-producing industries. Manufacturing...

Many parents in Canada still support their adult kids financially The recent report by Leger for RBC shows that Canadian parents are still providing financial support to their adult children, often even after they turn 30. The poll of...