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Bank of Canada holds rate at 0.5%, doubts recent strong growth sustainable
In holding the rate at 0.5 per cent, the central bank says it also considered significant uncertainties still weighing on its outlook - including the unknown yet potentially adverse impacts of the U.S....
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Loonie climbs as Bank of Canada hints at rate hike
If the central bank increases its key rate, the big Canadian banks will raise their prime rates, driving up the cost of variable rate mortgages, other loans and lines of credit tied to the benchmark rate.
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Canada’s economy posts solid growth in April, up 0.2% in the month
Statistics Canada said Friday the economy grew 0.2 per cent in April compared with an increase of 0.5 per cent in March.
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Canada’s unemployment rate drops to 6.3%, lowest since October 2008
Statistics Canada says the pace of job growth slowed, however, with 10,900 net new positions, down from an increase of 45,300 in June.
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Canada’s economic forecast raised, now best in G7 this year: OECD
The Paris-based economic think-tank now sees growth of 3.2 per cent this year.
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IMF boosts Canada’s economic growth forecast to lead G7 countries in 2017
The Washington-based IMF is now estimating Canada's gross domestic product for 2017 will be 3.0 per cent - half a percentage point higher than its July estimate.
View ArticleCanada’s GDP growth slows to 2% in third quarter
The slowdown was in line with economists' expectations.
View ArticleCanadian retail sales remain virtually flat in April
But the underlying trends appear better than the ho-hum headline data suggests, one economist says.
View ArticleCanada’s economy shrunk 0.1% in October — the first drop in 8 months
The drop is partly because of a U.S. auto strike that hit manufacturing, Statistics Canada data indicated on Monday
View ArticleCanada’s wholesale sales higher in May after April’s coronavirus-linked...
The overall increase in May came as six of seven subsectors recorded higher sales.
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