On Wednesday, the Bank of Canada raised its key lending rate by 0.75% in attempt to slowdown the national economy and get a record high inflation back to its target level. As a result of Tiff Macklem’s decision, the Bank’s overnight rate now stands...

On Wednesday, the Bank of Canada is expected to raise its key lending rate once again in attempt to slow the nation’s economy and reduce inflation down from its four-decade record highs. According to 31 economists polled by Bloomberg, a rate increase by at...

Last month, Canada’s biggest housing market stopped a several months period of home prices sharp declines. The latest report by the Toronto Regional Real Estate Board (TRREB) shows that the average home price in the Greater Toronto Area (GTA) was $1,079,500 in August, marking...

According to the recent report by CIBC’s economists Benjamin Tal and Karyne Charbonneau, the Bank of Canada will raise its key lending rate by 0.75% next week and finish the hike cycle. As a result, the overnight target rate will stop at 3.25% “for the...

Although Canada’s economy showed growth in the second quarter supported by rising commodity prices and the lifting of COVID lockdowns, there are still certain signs of a slower pace. According to Statistics Canada, GDP was up by 3.3% on a year-over-year basis, following 3.1%...