News
Why mortgage rates are stuck at 6.2% — and might stay there
3+ hour, 20+ min ago (515+ words) For weeks now, mortgage rates have barely budged. There's a good chance they won't move much in the new year either. Mortgage rates have hovered in a remarkably narrow range of 6.2% to 6.3%, roughly year-to-date lows, since mid-September. Those levels have…...
Here's what economists expect the Bank of Canada to do in 2026
1+ day, 3+ hour ago (521+ words) The Bank of Canada's path ahead in 2026 is substantially murkier than it was a year ago, when economists were more or less certain of further interest rate cuts. In some ways, the end-of-year contexts are similar " in December 2024, Bank of…...
Stocks Look to Soar Monday
5+ day, 10+ hour ago (465+ words) Futures for Canada's main stock index edged higher on Monday, supported by higher commodity prices, at the start of a holiday-shortened week that has been traditionally beneficial for equities. The TSX leaped 314.92 points, or 1%, to end Friday's session at 31,755.77. On…...
U.S. added 64,000 jobs in November, with unemployment rate jumping to four-year high of 4.6%
1+ week, 4+ day ago (206+ words) The U.S. labor market appears to have continued to soften in recent months as the government caught up to reports that had been delayed due to the shutdown in D.C. Nonfarm payrolls rose by 64,000 in November, according to a Tuesday morning report…...
Canada’s Inflation Rate Unchanged In November At 2.2%
1+ week, 4+ day ago (356+ words) Inflation in Canada rose an annualized 2.2% in November, matching the increase seen in October of this year. Excluding volatile gasoline prices, inflation in Canada rose 2.6% year-over-year in November for a third consecutive month. On a seasonally adjusted monthly basis, inflation…...
Here's a list of November inflation rates for Canadian provinces
1+ week, 4+ day ago (93+ words) OTTAWA " Canada's annual inflation rate was 2.2 per cent in November, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): " Newfoundland and Labrador: 2.2 per cent (2.0) " Prince Edward Island: 1.4 per cent (1.4) " Nova Scotia: 2.4 per cent (2.6) " New Brunswick: 2.7 per…...
Canada’s November inflation holds steady at 2.2% as food prices rise
1+ week, 5+ day ago (302+ words) Investing.com -- Canada's annual inflation rate remained unchanged at 2.2% in November, matching October's figure, as higher food prices offset slower growth in services. The Consumer Price Index (CPI) rose 0.1% month-over-month in November, according to the latest data from Statistics Canada....
Here's a list of November inflation rates for selected Canadian cities
1+ week, 5+ day ago (159+ words) OTTAWA " Canada's annual inflation rate was 2.2 per cent in November, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in…...
Bank of Canada holds interest rate at 2.25%, citing resilient economy
2+ week, 2+ day ago (756+ words) The Bank of Canada held its interest rate at 2.25 per cent on Wednesday, citing a more resilient economy and contained inflationary pressures. "In the current situation, governing council sees the current policy rate at about the right level to keep…...
Bank of Canada expected to hold key rate, move to sidelines after an uncertain 2025
2+ week, 5+ day ago (730+ 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…...