News
U.S. economy to ride tax cut tailwind but faces risks
2+ hour, 53+ min ago (764+ words) A see-saw year for the U.S. economy in 2025 looks set to give way to a stronger 2026 thanks to tailwinds from U.S. President Donald Trump's tax cuts, less uncertainty around tariffs, the ongoing artificial intelligence boom and a late-year run of interest-rate reductions…...
Big Six banks split on 2026 rate path. Here’s what they think
1+ week, 3+ hour ago (1224+ words) More cuts? A hike or a hold? Canada's largest banks are moving into 2026 with sharply different expectations for where interest rates will land. The central bank is heading into a year where inflation risks, trade uncertainty, weak productivity and slowing…...
Big central banks tilt towards hiking mode as inflation nerves rise
1+ week, 3+ day ago (780+ words) Central banks in big economies are signalling a change of stance, with many now on hold after a long easing cycle, and policymakers flagging that their next moves could be rate hikes if inflation takes hold again. The European Central…...
Bank of England cuts key interest rate from 4% to 3.75%
1+ week, 3+ day ago (353+ words) LONDON " The Bank of England on Thursday cut its key interest rate for the first time in four months as stubbornly high inflation that has plagued British consumers and businesses starts to ease. The central bank's policymakers voted five to…...
European Central Bank leaves rates unchanged with economy showing signs of modest growth
1+ week, 4+ day ago (537+ words) FRANKFURT, Germany " The European Central Bank left interest rates unchanged Thursday for the fourth meeting in a row as the economy in the 20 countries that use the euro increasingly looks strong enough to get by without the stimulus of lower…...
The U.S. gained 64,000 jobs in November but lost 105,000 in October; unemployment rate at 4.6 per cent
1+ week, 6+ day ago (869+ words) The unemployment rate rose to 4.6% last month, highest since 2021. The November job gains were higher than the 40,000 economists had forecast. The October job losses were caused by a 162,000 drop in federal workers, many of whom resigned at the end of…...
Inflation steady at 2.2% in November despite grocery price hike
1+ week, 6+ day ago (788+ words) Economists and academics expect the trend of rising prices at the grocery store will follow consumers into 2026 even as Statistics Canada reported the overall inflation rate held steady in November. The agency said Monday that annual inflation rose 2.2 per cent…...
Resilient economy but ‘can’t declare victory’ on inflation: Economists react to BoC rate hold
2+ week, 4+ day ago (751+ words) Canada's job market has been far stronger than expected, but with the trade challenges ahead, the Bank of Canada's decision to hold interest rates is a balanced call, economists say. The central bank held its key rate at 2.25 per cent…...
Bank of Canada holds key interest rate at 2.25%
2+ week, 4+ day ago (674+ words) OTTAWA " The Bank of Canada is holding steady in its last interest rate decision of 2025 keeping the overnight rate at 2.25 per cent. Bank of Canada Governor Tiff Macklem said the policy rate is at the right level to keep inflation…...
Bank of Canada expected to hold key rate, move to sidelines after an uncertain 2025
2+ week, 6+ day ago (738+ words) OTTAWA " Economists widely expect the Bank of Canada will hold its benchmark interest rate steady this week and move to the sidelines to cap off a year dominated by trade and economic uncertainty. The central bank's policy rate stands at…...