Amidst the backdrop of persistent inflation and economic uncertainty, the Bank of Canada finds itself in a precarious position, unable to determine when it will initiate rate cuts. The recent summary of the Bank’s deliberations following its January 24 rate decision sheds light on the complexities facing policymakers as they…

The Bank of Canada finds itself in a nuanced position as recent economic indicators paint a rosier picture than anticipated, alleviating pressure on policymakers to implement rate cuts in the near term. Recent reports highlighting stronger-than-expected economic performance have tempered expectations of imminent rate reductions. The Canadian economy showcased resilience…

The total home sales for 2023, amounting to 443,511 units, marked a decline of more than 11 per cent compared to the previous year. This represents the lowest annual level for national sales activity since 2008, according to CREA. Although there was a slight uptick in sales in December 2023…

Canada’s economic landscape continues to grapple with persistent inflation, as Statistics Canada reports an unchanged annual inflation rate of 3.1 per cent for November. This data, consistent with the previous month’s figure, underscores ongoing economic challenges despite hopes for a drop below the three per cent mark, aligning closer with…

The Bank of Canada on Wednesday 6 December announced it will be holding its interest rate at 5 per cent, which is a positive sign for Canadian mortgage holders. However, challenges will remain as the cost of borrowing stays at high levels for the foreseeable future. Regardless, this news is…

Senior Deputy Governor, has warned that interest rates may remain high for longer than was previously expected, potentially becoming a permanent feature. She added that we might need to brace ourselves for a new era of high-interest rates and even that we might never see pre-pandemic interest levels again. Rogers…

This latest comes news as the Canadian Government tries to deal with the country’s housing shortages, hoping to stabilize the markets. The Canadian Immigration Minister, Marc Miller, said that the country needed to consider its existing infrastructure when it comes to immigration. He also went on to say the country…

Tiff Macklem, Governor of the Bank of Canada, said that ‘structural problems’ in the market are not helping with inflation, making the bank’s task harder than usual. By structural problems, Macklem appeared to be referring to the physical lack of housing in the market. Steps have been taken to address…

A spokesperson said the drop-in inflation rates have been helped by slowing price increases for products including meat, dairy, tea, and coffee. The high inflation levels experienced in September 2023 have also fallen out of the 12-month calculation window, contributing to the improved figures. However, it should be noted that…

A recent study conducted by Dalhousie University and consumer data company Caddle has found that for 45.5 per cent of Canadians, priority is being given to cost over nutrition when shopping for groceries. While those in higher income brackets were found to be less affected, a growing number of Canadians…