Three interest rate cuts in, the Bank of Canada is now firmly entrenched in an easing cycle that has major implications for where Canadians’ money can earn them the best returns. The shift from interest rate hikes to cuts warrants a “refresh” of Canadian portfolios, investment experts tell Motorcycle accident toronto today.“I think any time you see
Some long-unaffordable pockets of Canada’s housing market could open up to first-time homebuyers this fall as interest rates decline but experts expect prices will hold relatively flat. Activity in the Canadian housing market has largely been muted through much of the spring and summer despite the start of rate cuts from the Bank of Canada
The Bank of Canada lowered its key interest rate by 25 basis points on Wednesday and opened the door to bigger cuts if the economy slows more sharply in the months ahead. The third consecutive rate cut was widely expected by economists and brings the central bank’s benchmark interest rate to 4.25 per cent.Wednesday’s decision
Air Canada pilots have voted in favour of a strike if the airline can’t reach a deal with the union, a move that could ground planes and disrupt travel plans for Canadians across the country. The results released Thursday show 98 per cent of Air Canada pilots represented by the Air Line Pilots Association (ALPA)
The annual rate of inflation cooled to 2.5 per cent in July, Statistics Canada said Tuesday, the slowest pace for price growth since March 2021. StatCan said that deceleration in price hikes was “broad-based” last month, with lower prices for travel tours, passenger vehicles and electricity.July figures follow an inflation rate of 2.7 per cent
Young people on social media are showing off their 12-year-old water bottles, sweaters from high school with patched holes and dish rags made from cut up old T-shirts. It’s all part of a trend that has taken social media by storm in recent months called “underconsumption core,” where users boast about how they’re continuing to
Many Canadians today are feeling the pinch and reining in their spending, waiting out harsh economic winds in a pattern of behaviour typical of major recessions and financial crashes in history. The difference this time around? Canada’s not (technically) in a recession.Economists typically define a recession as two consecutive quarters of negative growth in real
Canadians may have noticed the value of their dollar dwindling ever since the Bank of Canada’s latest interest rate cut last week. But it’s a decision from the U.S. Federal Reserve coming up this week that could have more of a say in whether the loonie holds pat for the rest of the summer.Canada’s dollar
Benefit payments for Canadian seniors are going up slightly in a scheduled increase as retirement is “becoming unaffordable” for many in the country. July amounts of the Old Age Security (OAS) benefits, going out on Monday, are increasing by 2.8 per cent compared with the previous year after adjusting for inflation.For the July to September
The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday as the head of the central bank suggests the rate will need to move even lower to reignite the economy. The Bank of Canada’s policy rate, which broadly informs the cost of borrowing across the country, now