Interest rate Financial News

15.09 / 15:41

interest rate Bank of Canada Canada housing market housing market Home prices Home sales fell in August. Why that might be good news for buyers

Prospective homebuyers had “more choice” in Canada’s housing market in August as a rise in new listings met a slowdown in activity, according to the national real estate association.

13.09 / 22:33

interest rate Bank of Canada Bank of Canada interest rate Canadians are borrowing less and getting paid more amid higher interest rates

Higher interest rates are putting Canadians off borrowing, Statistics Canada said Wednesday, while boosts in income are helping to offset higher debt-servicing costs.

08.09 / 00:41

interest rate Bank of Canada Jagmeet Singh Bank of Canada ‘remains independent’ amid political comments: Macklem

Bank of Canada governor Tiff Macklem reaffirmed the central bank’s independence on Thursday in response to politicians weighing in on the institution’s interest rate decisions over the past week.

07.09 / 19:35

interest rate Bank of Canada Bank of Canada interest rate Canada Interest Rate Bank of Canada rate Higher interest rates are ‘painful’ but ‘worth it’: Bank of Canada’s Macklem

The head of the Bank of Canada says the central bank’s two per cent inflation target is “now in sight” but cautions that persistent price pressures might require additional interest rate hikes.

06.09 / 16:15

inflation Interest rates interest rate Bank of Canada Bank of Canada interest rate Bank of Canada rate open Bank of Canada holds key rate but leaves door open to future hikes

The Bank of Canada hit pause on its interest rate hiking cycle on Wednesday, leaving its policy rate unchanged at 5.0 per cent.

05.09 / 18:43

interest rate Bank of Canada Canada housing Canada housing market housing market Home prices fall As interest rate decision looms, here’s what to expect in the fall housing market

Canada’s housing market could face a chill this fall as prospective buyers and sellers wait to see where the Bank of Canada’s interest rate path will head, according to new polling released Tuesday.

05.09 / 18:43

inflation Interest rates interest rate Housing Bank of Canada Canada housing Bank of Canada faces political pressure to hold rates. But will it matter?

Two premiers have sent letters to Bank of Canada governor Tiff Macklem urging the central bank to halt interest rate hikes ahead of its next rate decision Wednesday.

02.09 / 19:11

interest rate Recession Canada economy Canada Interest Rate Could a Toronto Blue Jays playoff bid be a home run for the economy?

This year, September in Canada means two things: pressure ramping up on the Toronto Blue Jays as they chase an elusive wild card spot for a berth in the MLB postseason; and economists crunching numbers to revise their forecasts of how steep a decline the economy could soon face.

31.08 / 18:51

Interest rates interest rate Bank of Canada Canada housing Canada housing market Bank of Canada rate housing market Why some Canadians are ‘pooling their resources’ to afford a home

As rising interest rates are boxing many individual buyers out of Canada’s housing market, brokerage Royal LePage says in a new report that Canadians are increasingly teaming up with family and friends just to afford a home.

15.08 / 13:29

inflation interest rate Bank of Canada Bank of Canada interest rate Inflation jumps up to 3.3% in July thanks to high gas prices

The annual rate of inflation rose to 3.3 per cent in July, Statistics Canada said Tuesday.

15.08 / 10:07

inflation interest rate Oil and Gas Bank of Canada Bank of Canada interest rate end A factor cooling inflation could soon end. What it means for the Bank of Canada

The waning of a factor helping to push down inflation means the Bank of Canada will be relying on a pronounced slowdown in the economy this fall to keep prices from rising more, experts say.

04.08 / 21:17

markets business Stablecoin coinbase stocks Banks interest rate Coinbase earnings show the company is now much more than just an exchange

Coinbase, a leading U.S. cryptocurrency exchange, shared its second-quarter results on Aug. 3. Despite showing a net loss, some positives emerged, like a 13% cut in operating expenses from the last quarter and a 3% boost in its cash reserves to $5.5 billion.

29.07 / 08:21

inflation interest rate Bank of Canada Recession Canada economy GDP Economy hit ‘sharp reversal’ in June. What this means for the Bank of Canada

Canada’s economy kept growing in May, but early signs of a long-awaited slowdown started to appear in June, according to Statistics Canada.

27.07 / 17:01

interest rate Bank of Canada Bank of Canada interest rate Canada Interest Rate Bank of Canada rate Higher interest rates tend to mean better savings. How to take advantage

As the Bank of Canada’s interest rates hikes ratchet up the pain on borrowers, traditional wisdom says better savings rates might follow.

27.07 / 02:53

inflation interest rate Bank of Canada Bank of Canada interest rate Canada Interest Rate Bank of Canada prepared to raise rates further if inflation progress stalls

The Bank of Canada’s policymakers said they are still prepared to raise their benchmark interest rate further even as they hiked rates to their highest level in 22 years earlier this month.

19.07 / 23:05

interest rate Canada housing market Bank of Canada interest rate Home prices spring Upsizing buyers drove demand in Canada’s housing market this spring: Re/Max

Buyers looking to upsize their homes drove the surge of housing activity between interest rate hikes in the first half of the year, according to a new report from Re/Max Canada.

18.07 / 13:37

inflation interest rate Bank of Canada Canada News Inflation dropped below 3% in June, entering Bank of Canada target range

The annual rate of inflation cooled to 2.8 per cent in June, marking a milestone in the Bank of Canada’s efforts to fight raging price pressures.

18.07 / 08:11

interest rate Bank of Canada Canada housing market housing market Rents dwarf minimum wage in every province. Rising interest rates aren’t helping

Pressure from higher interest rates and a lack of affordable housing means renters living on minimum wage in almost every neighbourhood across Canada are falling behind, a new report shows.

17.07 / 18:17

inflation interest rate Bank of Canada Canada economy Canada Interest Rate analysts rate hikes Bank of Canada’s latest rate hikes are signs it made a ‘mistake’: analysts

The Bank of Canada has shifted to a less prescriptive messaging strategy than it used in January when it signaled a rate-hike pause that reignited the housing market, which added to inflation and the need to resume tightening five months later.

16.07 / 01:15

interest rate Canada housing market Bank of Canada interest rate housing market Canada’s housing market keeps changing. How to navigate the bidding process

This article is part of Global News’ Home School series, which gives Canadians the basics they need to know about the housing market that they never learned in school.

14.07 / 21:47

interest rate Bank of Canada Canada housing market Bank of Canada interest rate rate hikes Canada’s hot housing market ‘settling down’ amid rate hikes, new listings

A return to Bank of Canada interest rate hikes and growth in new listings started to cool off the housing market in June, according to the Canadian Real Estate Association.

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