City Ottawa Financial News

30.06 / 10:55

Personal Finance Financial Young Canadians more frequent targets of financial fraud. How to protect yourself

Young Canadians are increasingly the targets of financial fraud, experts say, as the age group most comfortable with buying products online is likewise most exposed to risk.

30.06 / 10:55

Immigration boost Record immigration numbers reinforce need to boost housing supply: economist

Statistics Canada says the country welcomed more than 145,000 immigrants during the first three months of the year.

10.06 / 14:45

Bank of Canada’s Beaudry Sees Signs of New Era of Higher Interest Rates

OTTAWA—A senior Bank of Canada official cautioned it is likely that longer-term real interest rates will remain elevated relative to prepandemic levels and will be higher than Canadians are used to in the coming years.

09.06 / 10:43

Bank of Canada’s Beaudry Sees Signs of New Era of Higher Interest Rates

05.05 / 19:37

CBDC regulation Elections RFK Jr. elaborates position on CBDC, crypto: ‘It isn’t just criminals who want privacy’

Robert F. Kennedy Jr., who is challenging United States President Joe Biden for the Democratic nomination in the 2024 presidential election, has taken to Twitter again to share more of his thoughts on cryptocurrency.

12.04 / 18:07

Target Bank of Canada Stands Pat on Rates on Expectation of Inflation, Growth Slowdown

OTTAWA—The Bank of Canada kept its main interest rate unchanged for a second straight decision, saying it was persuaded by recent data that inflation and economic activity are set to slow quickly in the coming months.

07.12 / 21:03

Target end Bank of Canada Lifts Interest Rates by Half Point, Signals End of Tightening

OTTAWA—The Bank of Canada raised its main interest rate by a half-percentage point and signaled it is at or near the end of its rapid-fire tightening campaign because of slowing growth and early signs of easing price pressures.

04.11 / 04:19

Government Law Stablecoin Canada to examine crypto, stablecoins, and CBDCs in new budget

The Canadian federal government is set to launch a consultation on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) as revealed in its new mini-budget.

29.10 / 17:39

Bank of Canada to Adopt Meeting-by-Meeting Approach on Interest Rates

OTTAWA—Bank of Canada Gov. Tiff Macklem says the central bank is moving toward a meeting-by-meeting approach on further interest rate increases, based on how the economy responds to its rapid-fire tightening of financial conditions.

13.09 / 19:01

business Blockchain trudeau NOT Canadian PM Justin Trudeau says investing in crypto is not an escape from inflation

According to a new Twitter post on Tuesday, Canadian Prime Minister Justin Trudeau made critical remarks regarding newly elected opposition leader Pierre Pollievere's pro-crypto platform, writing:

13.07 / 17:21

Target Bank of Canada Surprises With Full-Point Rate Rise to Combat Inflation

OTTAWA—The Bank of Canada on Wednesday raised its policy rate by a full percentage point and judged that further rate increases are necessary, marking one of the most dramatic moves to date by a developed-world central bank to drive down inflation.

22.06 / 18:49

Canada’s Inflation Surge Continues, Boosting Expectations for Big Rate Rise

OTTAWA—Annual inflation in Canada accelerated in May toward 8%, reaching a nearly four-decade high and all but locking in market expectations that the country’s central bank will raise its policy interest rate by three quarters of a percentage point in July.

13.06 / 17:29

privacy security Legal Bitcoin Governments May Have Had Some Successes, but Seizing Bitcoin and Crypto Is Still Very Hard

It may have strong competition, but one of the most disturbing things to happen to crypto in 2022 was the Ontario Superior Court of Justice issuing a Mareva injunction. Set against the backdrop of demonstrations and blockades that “paralyzed” Ottawa early this year, this injunction permitted the seizure of cryptoassets belonging to protestors, who had been receiving financial support in the form of bitcoin (BTC) and other cryptoassets.

02.06 / 21:07

Target Bank of Canada’s Beaudry: Policy Rate Might Be Headed Toward 3% or Above

OTTAWA—The rapid acceleration in prices has increased the likelihood the Bank of Canada may need to double its policy interest rate, from its current 1.5% level to 3% or higher, to drive inflation toward its 2% target, a senior central bank official said Thursday.

01.06 / 17:31

Target Bank of Canada Raises Rates Again and Vows to Be Forceful on Inflation

OTTAWA—The Bank of Canada on Wednesday increased its policy interest rate by a half-percentage point, its second consecutive jumbo-sized move, and said that, if necessary, it is willing to act more forcefully to drive inflation down from near 7% to its 2% target.

13.05 / 15:09

Racing Slowdown in Canada’s Housing Sector Shows Risk of Higher Rates

OTTAWA—Canada’s 12-year real-estate boom appears to be coming to an end following the Bank of Canada’s recent rate increases, which have triggered a sharp decline in residential sales and a slowdown in home-price gains.

25.04 / 22:47

play Bank of Canada’s Macklem Says Half-Point Rate Rise Will Be in Play in June Decision

OTTAWA—Bank of Canada Gov. Tiff Macklem said senior officials are likely to consider another half-percentage point increase in its main interest rate when they deliberate ahead of the central bank’s next policy decision on June 1.

22.04 / 02:07

Target Bank of Canada’s Tiff Macklem Says Central Bank Needs to Normalize Policy Quickly

OTTAWA–The Bank of Canada needs to raise its benchmark interest rate closer to its neutral level, which is between 2% and 3%, on an expedited basis before pausing to see how the economy responds, Gov. Tiff Macklem said Thursday.

20.04 / 18:57

Canada CPI Accelerates to 6.7% in March

OTTAWA—Canada’s annual inflation rate accelerated in March, exceeding market expectations to reach a fresh three-decade high and prompting analysts to suggest another big interest-rate rise could be in the offing in June.

18.04 / 14:25

economics inflation Central Bank Why We Can’t Just ‘Stop Printing Money’ to Get Inflation Down

Jacqueline Best, Professor, School of Political Studies, the University of Ottawa.__________

13.04 / 18:07

Target Bank of Canada Raises Rate by Half Point, Warns of Unanchored Inflation Expectations

OTTAWA—The Bank of Canada pulled the trigger on its biggest rate increase in over two decades and said further rises are necessary to keep long-term inflation expectations anchored closer to its 2% target.

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