The recent poll by BNN Bloomberg shows that during the previous year, most Canadians (59%) have been using their own savings to finance their home renovations. Meanwhile, only 2% of respondents noted that they funded their housing projects with the help of home equity...

Canada showed an unexpected economic growth slowdown during the third quarter, challenging the national recovery resilience. According to a preliminary estimate from Statistics Canada, in September, gross domestic product was almost unchanged, following an already lower than expected growth by 0.4% in August. The...

After the Bank of Canada’s recent rate meeting, Scotiabank’s Derek Holt is reiterating its forecast of 8 rate increases by the end of 2023. In his opinion, it’s necessary to adjust borrowing costs if we want to normalize inflation. Nevertheless, one noted economist doesn’t...

On Wednesday, the Bank of Canada announced the end of its bond-buying stimulus program, pushing the potential timeline for future interest rate hikes closer amid concerns over supply disruptions supporting inflation. Governor Tiff Macklem stated the BoC stops growing holdings of Canadian government bonds,...

The central bank will probably keep reducing its economic support at the next policy decision on Wednesday, moving towards the future beginning of interest rate hikes in 2022 amid inflation concerns. The Bank of Canada’s Governor Tiff Macklem is expected to cut weekly government...