Low inflation
Canada's annual inflation rate slowed to 5.9% in January, despite food prices rising at an even faster pace last month. In its consumer...
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Feb 8, 20231 min read
Interest rates in the U.S. will continue to rise.
The Chairman of the US Federal Reserve (Fed), Jerome Powell, insists that it will be necessary to continue raising interest rates for...
Feb 3, 20231 min read
Home sales in Toronto fell 44.6%
Home prices in the Greater Toronto Area appeared to stagnate in January after being in freefall and depressing sales since the spring,...
Jan 31, 20231 min read
Canadian economy grew slightly in November
The Canadian economy grew slightly in November and appears to have stalled further at the end of the year as higher interest rates began...
Jan 30, 20231 min read
Economic issues will dominate the new legislature
Members of Parliament returned today in the House of Commons for the first session of 2023 after meeting with their respective parties to...
Jan 25, 20231 min read
Bank of Canada raises interest rate to 4.5%.
The Bank of Canada today raised its key interest rate by a quarter percentage point and said it expects this to be the last rate hike of...
Jan 24, 20231 min read
Economists warn of another interest rate hike
Another rate hike by the Bank of Canada this week risks pushing the Canadian economy into a deep recession that could cost hundreds of...
Jan 23, 20231 min read
Argentina and Brazil work on the design of a common currency
The economic teams of the governments of Argentina and Brazil will work on the design of a common currency between both countries for...
Jan 17, 20231 min read
Inflation dropped to 6.3% in December, but food continued to rise
Canada's annual inflation rate slowed to 6.3% in December as the cost of groceries remained high and gasoline prices cooled. In its...
Jan 16, 20231 min read
ILO: global unemployment to grow by 1% in 2023
The global economic slowdown, caused by factors such as the war in Ukraine or the still-slow post-pandemic recovery, will cause global...
Jan 16, 20231 min read
Home sales to drop another 0.5% in 2023
The Canadian Real Estate Association expects home sales to fall less than 1% and prices to drop nearly 6% from 2022, which ended with the...
Jan 12, 20231 min read
Bank of Canada stands to lose more than $8 billion
The Bank of Canada could lose as much as $8.8 billion over the next few years, according to a new report that warns the central bank...
Jan 11, 20231 min read
Banks warn thousands would default on mortgage payments
Tens of thousands of borrowers could be vulnerable to defaulting on their mortgages as rates rise and homeowners struggle to make monthly...
Jan 10, 20231 min read
World economy to reach the brink of recession
The world economy will come perilously close to a recession this year due to weak growth in the major economies - the United States,...
Jan 10, 20231 min read
Canada to sell the fewest homes this year
A new report from TD Economics predicts that Canada will see the lowest level of home sales this year since 2001. Economist Rishi...
Jan 6, 20231 min read
More jobs could force another interest rate hike
December's jobs gain, beating estimates, in turn raises the odds of another interest rate hike later this month. Economists said the...
Jan 5, 20231 min read
Gasoline will drop 9 cents a liter in the GTA
GTA drivers will want to wait one more day before filling the tank, if they can. The average price at most GTA stations will fall five...
Jan 3, 20231 min read
IMF believes one-third of economies will enter recession
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, warns that "a third of the world economy" will be...
Jan 3, 20231 min read
Inflation was beneficial for Canada's highest paid executives in 2021
Canada's highest-paid CEOs and other top executives broke compensation records in 2021, according to a new report, earning an average of...
Dec 30, 20221 min read
Increased salary deductions will come into force
Canada Pension Plan (CPP) contributions and employment insurance (EI) premiums will increase in 2023, meaning lower take-home pay for...
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