The latest report shows that millennials who rent all their lives will have to save much more for their retirement than millennials who have their own property. According to the 2023 Mercer Retirement Readiness Barometer, Canadian millennials of 27-42 years old need to save...

On Wednesday, the Bank of Canada kept its key lending rate unchanged for the second meeting in a row, noting that the latest data is increasing its confidence in slowing down inflation. Governor Tiff Macklem held the overnight rate at 4.5%, which coincides with the...

According to one economist, the world has changed significantly since the Bank of Canada’s last rate meeting. A banking crisis hit the global financial system, OPEC+ announced an unexpected supply cut, increasing the possibility of higher inflation, Canada’s economic performance turned out to be better than anticipated. In spite of...

The central bank is widely expected to keep its overnight rate at 4.5% this Wednesday, as inflation keeps slowing down, even in spite of other numbers pointing to a still overheated economy. This week’s announcement will be accompanied by an updated forecast for economic growth...

In March, Canada’s economy created 35,000 jobs, and the unemployment rate remained unchanged at 5%. According to Statistics Canada, the main driver of the hike was the private sector. The gains were seen in the sectors of transportation and warehousing, business, support services, finance,...