Descrease article font size Increase article font size Market watchers are not expecting any further interest rate hikes from the Bank of Canada in the current tightening cycle, according to a survey released Monday. The Bank of Canada’s third-quarter survey of market participants, which includes senior economists and strategists tracking Canadian financial markets, was conducted
As Nova Scotia continues to grapple with a lack of available housing, debates are circulating around the issue of landlords refusing to allow pets into apartment units. On Wednesday, Nova Scotia’s NDP party tabled a bill titled the “Family Pet Renter Protection Act” that, if successful, would prevent landlords from adding “no pet” clauses to
A surprisingly robust September jobs report could put the Bank of Canada in the position to raise interest rates again later this month, some economists are arguing. Canadian employers added 64,000 jobs in September, Statistics Canada said Friday, outpacing August’s gains of 40,000 positions and keeping the unemployment rate steady at 5.5 per cent for
Unifor says it has reached a tentative deal with Ford Motor Co. that could avoid workers going on strike. The deal was reached after Unifor extended its strike deadline by 24 hours late Monday after receiving what it called a “substantive offer” from Ford.“We believe that this tentative agreement, endorsed by the entire master bargaining
Canada’s economy stalled in the second quarter of the year with real gross domestic product (GDP) “nearly unchanged,” Statistics Canada said Friday. The economy contracted 0.2 per cent annually in the quarter, the agency said, which was enough for some economists to believe the Bank of Canada would keep its key interest rate on hold
The apparent shutdown of one of the biggest trucking companies in the U.S. is having an impact north of the border, with the union for over 100 affiliated Canadian truckers claiming they’ve been told not to report for work. Yellow Corp., formerly known as YRC Worldwide Inc., has ceased operations and is filing for bankruptcy
In another chapter of the B.C. port strike, workers have now voted to reject a mediated contract offer, thereby possibly extending job action at some of Canada’s busiest ports. In an announcement late Friday, the International Longshore and Warehouse Union Canada (ILWU) president Rob Ashton said members have voted no to the contract and are
Inflation has cooled back into the Bank of Canada’s target range, but economists are warning that might not be enough to stave off future interest rate hikes. The annual rate of inflation cooled to 2.8 per cent last month, according to Statistics Canada, down from 3.4 per cent in May. That marks a substantial decline from the
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. Last week after lifting rates to a 22-year high of 5.0 per cent, Governor
The Bank of Canada has raised its benchmark interest rate by another 25 basis points, bringing it to levels not seen since 2001 amid fears the decline in inflation “could stall.” The central bank’s key interest rate now stands at 5.0 per cent following back-to-back hikes.Many economists, including Canada’s big six banks, had expected the