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

Inflation rate dipped to 2.2% in October

Economics

2 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

6 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

6 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 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 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

1 week ago Interest rates at low end of ideal balance between growth and inflation: Macklem

TORONTO — The head of the Bank of Canada says he thinks interest rates are at the lower end of where they can go as he tries to balance boosting the tariff-hit economy and keeping inflation in check. Speaking at a conference in Toronto, Governor Tiff Macklem says tariffs are a slower-moving pressure than some […]

Economics

2 w. ago Weak GDP report unlikely to sway Bank of Canada to more rate cuts: economists

OTTAWA — The Canadian economy was showing more cracks in August, but most economists weighing in on the latest data say they don’t think the Bank of Canada will respond with more rate cuts anytime soon. Real gross domestic product declined 0.3 per cent in August and early signs suggest the economy barely managed any […]

Other

2 w. ago Bank of Canada likely to stay the course as economy teeters on ‘precipice of a recession’

Growth looks weak for the rest of the year, adding doubt as to whether it can hit the Bank of Canada's GDP target

Other

2 w. ago LILLEY: Canadians shouldn’t accept a lower standard of living

Bank of Canada Governor Tiff Macklem is warning we will all be making less if things don't change.

Other