It looks like the Bank of Canada may review its interest rate strategy amid the Silicon Valley Bank’s collapse and federal bailout. The bank crashed on March 10 – it became the second largest collapse of a US-based financial institution and the largest one...

Although the collapse of Silicon Valley Bank has caused concerns among certain investors in terms of potential risks to Canadian banks, Mike Rizvanovic, an analyst at Keefe, Bruyette & Woods, assures that the nation’s banks are protected. According to him, Canadian banks are mostly...

Last month, Canada’s employment showed a larger-than-expected increase for the third consecutive month. Such results point to a robust labour market despite forecasts of an economic slowdown and the pause in the central bank’s rate-hike cycle. According to Statistics Canada, the national economy added...

The latest report by Equifax shows that Canadian credit card debt skyrocketed in the fourth quarter of the previous year, driven by growing interest rates and high inflation. It turns out younger Canadians were relying on credit more often in an attempt to cope...

On Wednesday, the Bank of Canada kept its key lending rate unchanged at 4.5% following eight increases in a row. Experts believe this pause in the rate hiking cycle may last for the rest of this year, as the BoC is assessing the economy’s...