8 h. ago October inflation has economists expecting another Bank of Canada hold

Inflation rate dipped to 2.2% in October

Economics

9 h. ago Digital Commerce Bank Becomes First Bank in Canada to Launch Interac e

CALGARY, Alberta — Digital Commerce Bank (“DCBank”) proudly announces the launch of Interac e-Transfer® Cards as the first bank to bring this new and innovative product to market, allowing Canadians to bring creativity, personality, and meaning to the simple act of sending money. Integration of this new feature into web or mobile-based products is simple […]

Other

13 h. ago Inflation in Canada cools slightly to 2.2% in October, StatCan says

Year-over-year inflation for consumer goods rose by 2.2 per cent in October, a slight dip compared with the growth seen last month, according to Statistics Canada.

Economics

13 h. ago Canada Inflation Cools to 2.2%, Missing Economists’ Forecasts

Inflation in Canada cooled less than expected last month, supporting the Bank of Canada’s decision to move to the sidelines after back-to-back rate cuts.

Economics

4 d. ago Chile Central Bank Member Was Open to Weighing October Rate Cut

Chile’s central bank said one board member was open to discussing a borrowing cost cut in October even as policymakers agreed there were continued inflation risks, according to the minutes to its last policy meeting.

Other

5 d. ago Canadians feel ‘cautious’ about spending as holidays near, Bank of Canada says

Canadians plan to be “cautious” about spending in the second half of this year, the Bank of Canada said Wednesday in a summary of its recent interest rate deliberations.

Society

5 d. ago Bank of Canada considered waiting longer to cut interest rate, deliberations show

Soft labour market and tepid growth justified a cut, but there were differences of opinion about the timing

Other

5 d. ago Bank of Canada Mulled Delaying Cut Until After Carney’s Budget

Bank of Canada officials discussed delaying a rate cut until they had more details about Prime Minister Mark Carney’s budget and US trade policy.

Transport

6 d. ago Financial market survey says Bank of Canada’s next interest rate move will be a hike

Central bank's poll of market participants puts recession odds at 35%

Other

7 d. ago Canada faces recession risk over next 6 months, most financial leaders say

Business and financial leaders say trade tensions are the most important factor the Canadian economy faces and a recession is still possible.

Politics

1 week ago ‘Surprise’ job numbers will likely affect Bank of Canada interest rate decision, economists say

Statistics Canada employment data show some resilience in Canada’s labour market, 'not strength,' economist says

Other

1 week ago Another month of surprise job gains reinforce Bank of Canada’s rate hold: economists

OTTAWA — Another month of surprise job gains hasn’t changed many economists’ minds about softness in the Canadian labour market, but analysts weighing in Friday said signs of resilience should be enough to keep the Bank of Canada on the sidelines for the rest of the year. Statistics Canada said Friday the economy added 67,000 […]

Other

1 week ago Chile’s Annual Inflation Slows to Lowest Level Since April 2021

Chile’s annual inflation unexpectedly slowed to the lowest level in April 2021 in a report published days after the central bank said it still needs to gather more data before delivering another interest rate cut.

Economics

1 week ago Trump has options if the Supreme Court blocks him from imposing ’emergency’ tariffs

WASHINGTON — Countries around the world — Canada included _ are waiting anxiously as the U.S. Supreme Court considers whether President Donald Trump has the authority to continue using his favoured tariff tool. No matter which way the court jumps, however, the Trump administration is expected to maintain some level of tariffs on the United […]

Economics

1 week ago Norges Bank Keeps Rate on Hold With Next Cut Still Seen Far Off

Norway’s central bank kept borrowing costs on hold and reiterated that officials will take a while to assess the economy before delivering any further cuts.

Other

1 week ago Budget’s impact on Canadian economy will depend on ‘execution’: Macklem

The Bank of Canada governor told MPs he believes the budget got the diagnosis right on what ails the Canadian economy: flagging productivity and low investment levels.

Other

1 week ago Bank of Canada planning to axe over 200 jobs as Carney trims government spending

The number of people working at the bank has surged in recent years up from approximately 1,800 in 2019 to 2,350 people at the end of 2023

Politics

1 week ago Bank of Canada to cut 10% of staff as Carney hunts for savings

The bank said it also committed to another five per cent reduction in 'corporate-level expenditures' by the end of 2028

Transport

1 week ago Carney’s budget means the Bank of Canada may have to cut interest rates again, says economist

Spending announced in the budget increases the deficit to nearly double its current size out to 2030

Transport

1 week ago KOHO Becomes One of the First Canadian Fintechs Registered as a Payment Service Provider with the Bank of Canada

This milestone marks a step forward in building a more resilient, accountable, and consumer-first financial system in Canada. TORONTO — KOHO, Canada’s top-rated money management app, has announced that it has officially become a registered Payment Service Provider (PSP) under the Retail Payment Activities Act (RPAA), making it one of the first fintechs in Canada […]

Other