According to Statistics Canada, the slowdown in price growth is mostly driven by lower mortgage interest costs and cheaper travel tours. Inflation largely came down across the board. The price increase of groceries slowed to 2.6 per cent compared to the same time a year ago. But those costs are…

With a 50-basis point reduction bringing the key policy rate to 3.25 per cent, this marks the fifth consecutive rate cut since June. Experts anticipate the move will drive increased market activity, particularly during the typically quiet winter months. The reductions in borrowing costs have sparked renewed interest among homebuyers.…

In November, the Canadian Federation of Independent Businesses (CFIB) recorded the highest small business confidence rating in two years. The CFIB report showed a four-point upward movement from its long-held index, almost reaching the historical standard. However, the brightened optimism might come with some stormy challenges in the future. Unfortunately,…

This increase is mostly due to the following reasons: Falling Gasoline Prices Gasoline prices fell sharply in September, contributing to a fall in the consumer price index (CPI). Prices fell again in October, increasing upward pressure on inflation. When you remove gasoline from the equation, the inflation rate has remained…

In the survey, which has been conducted since 1990, a record proportion of Canadians are feeling financially worse off than their parent’s generation, though this sentiment is most noticeably growing among younger adults. The survey measures social mobility with two critical questions: Are Canadians better off materially than their parents…

Nearly two-thirds of respondents expressed concern about running out of money during their retirement years, reflecting a growing anxiety about the rising cost of living. The online survey, which included 4,000 Canadians living outside Quebec, revealed that 61 per cent of participants fear depleting their savings. This apprehension is particularly…

This cut comes as the central bank aims to stimulate a slowing economy. Previous reductions had been more modest, typically at a quarter-point. Governor Tiff Macklem highlighted a “clear consensus” among policymakers regarding the necessity of this larger cut. He noted that recent economic data supported a more aggressive approach,…

A study from the C.D. Howe Institute suggests that the expected increase in federal revenues will fall significantly short of projections, with an estimated C$3.3 billion generated over five years. This figure contrasts sharply with the government’s initial forecast of C$8.8 billion, raising concerns about the fiscal implications of this…

In December, over $2.5 billion will be distributed to approximately 600,000 businesses across the country, providing a welcome financial boost as the economy continues to recover. These payments represent a portion of the carbon price revenue collected from 2019 to 2024, specifically benefiting businesses in regions where the federal fuel…

Analysts suggest this could prompt the central bank to consider more aggressive rate cuts in the near future, which would have widespread implications for borrowing costs and consumer spending. Consensus estimates from major financial institutions, including BMO and Scotiabank, predict a 0.1 per cent increase in GDP for July, slightly…