News
Bank of Canada 'in no rush' to hike interest rates, but leaves itself 'wiggle room,' say economists
1+ hour, 55+ min ago (669+ words) Here's what economists think the latest decision means for rates for the rest of the year The Bank of Canada came off as "dovish" as it held rates at 2. 25 per cent for the fifth consecutive time while emphasizing a weak…...
Bank of Canada holds interest rate as economic weakness amid rising inflation poses 'dilemma"
7+ hour, 42+ min ago (205+ words) Governor Tiff Macklem warns uncertainty is unusually elevated and risks could shift The Bank of Canada held its key interest rate at 2. 25 per cent for the fifth consecutive time on Wednesday. The central bank said weaker-than-expected economic activity in the…...
Bank of Canada holds interest rates: Read the official statement
8+ hour, 50+ min ago (204+ words) Holds key interest rate at 2. 25% Here's the Bank of Canada's official statement for its rate decision: The Bank of Canada today held its target for the overnight rate at 2. 25 per cent, with the Bank Rate at 2. 5 per cent and the…...
Philip Cross: Recession debate ignores Canada's real economic problem
12+ hour, 39+ min ago (738+ words) Financial Post Following Statistics Canada's publication of this year's first-quarter GDP estimates there has been much debate about whether or not Canada is in a "technical recession." What happens to the economy in the short run is important but dwelling…...
Can far-sighted investments netting $3. 5 million get a couple in their 40s to retirement in two years?
12+ hour, 39+ min ago (640+ words) Family Finance: In the depths of the pandemic, new parents Paul and Elizabeth decided to take a chance with their investments We independently select everything we recommend. Buying through us may earn us a commission, which supports our work. Today,…...
Canada's economy posts biggest trade surplus in more than a year
1+ day, 9+ hour ago (428+ words) Exports hit record high of $75. 2 billion, driven by oil and gas Canada posted a trade surplus for the second consecutive month in April, driven primarily by higher prices for oil and energy. The $2. 7 billion surplus was the largest since January…...
Bank of Canada not 'in rush' to rescue housing markets
1+ day, 12+ hour ago (150+ words) Financial Post Bank of Canada not 'in rush' to rescue housing markets Royce Mendes, head of macro strategy for Desjardins Group, talks to Financial Post's Larysa Harapyn about the Bank of Canada's upcoming rate decision and how the central bank's…...
Gold topples U. S. Treasuries as world's top foreign reserve asset
1+ day, 10+ hour ago (764+ words) Gold now the top reserve asset as value soars and central banks seek alternatives to the U. S. dollar Who are the biggest gold bugs of them all? Central banks apparently. Bullion has now overtaken U. S. Treasuries as the largest share of foreign…...
Bank of Canada not 'in a rush' to rescue housing markets
1+ day, 12+ hour ago (107+ words) Financial Post Royce Mendes, head of macro strategy for Desjardins Group, talks to Financial Post's Larysa Harapyn about the Bank of Canada's upcoming rate decision and how the central bank's policy is not going to respond to weakness in home…...
Canadian dollar hits fresh 2026 low as currency is buffeted by several headwinds, says National Bank of Canada
2+ day, 1+ hour ago (501+ words) 'The loonie has been the weakest reserve currency in recent weeks' The Canadian dollar on Monday slumped to a new closing low for 2026 of 71. 67 cents U. S. , with economists at National Bank of Canada singling out gold as "a key factor" behind…...