68 h. ago ‘Grim’ retail sales underbelly points to Bank of Canada restarting rate cuts, economists say

First-quarter retail sales 'flatlined,' a big drop from the 5.6 per cent annualized gain during the previous fourth quarter

Culture

2 d. ago David Rosenberg: Bank of Canada has made a big mistake by being so timid

Tiff Macklem and his crew needs to recognize that the country is in an economic war

Other

3 d. ago National Bank’s CEO Rails Against Red Tape for Energy Projects

National Bank of Canada’s chief executive officer called for a “complete overhaul” of the country’s economic and industrial policies just days before Canadians are set to vote in the federal election.

Society

3 d. ago Complacency is the biggest risk that Canada faces, not tariffs, says National Bank CEO

The CEOs of Canada’s biggest banks have emphasized the need to stick to the path of self-reliance in recent weeks

Society

4 d. ago Posthaste: Job losses ‘unavoidable’ in Canada’s auto sector as Donald Trump doubles down on tariff threat

'I really don’t want cars from Canada' — U.S. president

Economics

4 d. ago Varcoe: National Bank of Canada CEO calls for new energy projects, unity, as tariffs put 'pause' on economy

'We need to unlock regulation. We need to be more competitive on tax and we need to develop energy infrastructure across the country'

Society

4 d. ago Here's the salary you need to earn to afford a home in Toronto right now

It may be one of the worst times in years to try and sell a home in Toronto, but conversely, those in the market to buy a property may be able to land themselves somewhat of a deal (relative to the city's infamously ludicrous prices, that is).Prices are finally starting to erode in the face of a terribly stagnant market, most notably in the condo sector, where fewer units are changing hands than ever in the last three decades.According to the latest data from the Toronto Regional Real Estate Board (TRREB), the average price of the typical GTA condo fell 2.6 per cent from March 2024 to the month prior, while the average price of a home of any type is down a similar 2.5 per cent over the same period.Sales have dropped a staggering 23.1 per cent year-over-year, while active listings have shot up 88.8 per cent, giving buyers the advantage of choice and negotiating power.As such, along with a Bank of Canada mortgage rate cut in March, the annua...

Other

6 d. ago Review: Northern Light Theatre's Radiant Vermin features strong performances but doesn't always connect

Though finally free of mortgage debt, I still follow the antics of the Bank of Canada with morbid interest. High rates combined with the merciless upward push of housing prices can toss me back to younger days, when calculating what kind of wrinkled raisin I would be once my debt was paid off was a […]

Culture

9 d. ago Unpacking the Bank of Canada’s pause: FP Video talks to the economists

Watch analysis on Canada's energy outlook, the housing market and more

Other

9 d. ago Charting the Global Economy: ECB Cuts Rates While Canada Holds

The European Central Bank and Bank of Canada opted for different policy responses to an escalating trade war, while both acknowledged growing risks to economic growth.

Culture

1 week ago Borrowers left waiting for more relief after Bank of Canada holds

The benchmark prime rate stuck at 4.95%

Other

1 week ago More Bank of Canada rate cuts won’t boost ‘muted’ housing market in 2025: Ron Butler

Watch: Mortgage broker talks about what is happening in Canada's housing market

Other

1 week ago Renewing your mortgage? What Bank of Canada’s rate hold means for you

According to a recent Royal LePage report, 1.2 million mortgages will be up for renewal in Canada this year. Here's what the Bank of Canada's rate hold means for them.

Events

1 week ago Bank of Canada rate to go lower, but not too low: Desjardins

Watch: 'It will want to make sure that it's keeping its foot near the break,' said economist Randall Bartlett

Other

1 week ago Here’s what economists are saying about the Bank of Canada announcement

Inflation, trade tensions with the United States, and the threat of a recession weigh heavily on economists' minds

Other

1 week ago U.S. Fed chief says tariffs, inflation fears mean rate cuts can wait

The sharp volatility in financial markets since President Donald Trump announced sweeping tariffs April 2, only to put most on hold, led to questions on potential rate cuts.

Economics

1 week ago Rate hold means status quo for Canada’s struggling housing market: Experts

Real estate watchers say the Bank of Canada’s decision to hold its key policy rate steady at 2.75 per cent will likely keep a sluggish housing market at the status quo. Wednesday’s announcement marked the first time the central bank has left the benchmark rate unchanged following seven consecutive cuts since June.  Ratesdotca mortgage and […]

Other

1 week ago Bank of Canada Holds at 2.75%, Seeks More Clarity on Tariffs

The Bank of Canada paused its interest rate cutting cycle and said policymakers “will proceed carefully” as they wait to see how US President Donald Trump’s trade policy takes shape.

Economics

1 week ago Bank of Canada holds interest rates: Read the official statement

Rate remains at 2.75%

Other

1 week ago Bank of Canada holds interest rate steady for first time in 2025

The Bank of Canada (BoC) announced that it's holding its policy rate at 2.75 per cent on Wednesday morning.Before this, the central bank had made two 0.25 per cent cuts to its key interest rate, with the last one on March 12 bringing the rate to 2.75 per cent.On Tuesday, Statistics Canada shared March inflation data, showing that inflation slowed to 2.3 per cent following a 2.6 per cent increase in February.Last week, Ratehub.ca mortgage expert Penelope Graham told us that while Canada had largely dodged the worst of the tariff pain, the BoC's policymakers would assess the impact on our trade partners, and the effect at home, to make a decision on April 16.She said the central bank would be weighing plummeting consumer and business sentiment, based on its own quarterly survey.Upcoming Bank of Canada rate announcementsKeep an eye on the Bank of Canada website at 9:45 a.m. on the following dates:Wednesday, June 4, 2025 (rate update only)Wednesday, July 30, 2025 (rate up...

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