The Bank of Canada raises the key interest rate
OTTAWA – The Bank of Canada raised its overnight rate by 25 basis points to 4.75 per cent on Wednesday, its first increase since pausing hikes in January. The central bank’s keyRead More…
OTTAWA – The Bank of Canada raised its overnight rate by 25 basis points to 4.75 per cent on Wednesday, its first increase since pausing hikes in January. The central bank’s keyRead More…
Breadcrumb Trail Links News economy Scotiabank chief economist says downturn could jostle the economy into a more normal, productive future Get the latest from Stephanie Hughes straight to your inbox Signup PublishedRead More…
Photo: BC Gov’t A 6.9 per cent minimum wage hike mandated by the BC government is “unsustainable” for some businesses, when stacked on all other costs downloaded onto businesses, I am aRead More…
The European Central Bank carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as US bank collapses and troubles at Credit Suisse feeds fears aboutRead More…
It’s been almost exactly one year since the Bank of Canada began aggressively raising its key overnight lending rate. Since then, Canadian households have struggled with ever-increasing debt payments. Borrowing costs areRead More…
While price hikes for gas, furniture, electronics and clothes are slowing down after a long stretch of sharp gains, one costly item isn’t expected to get cheaper anytime soon: electricity. Economists sayRead More…