18 h. ago Polish Central Bank to Cut Rates Just Before Election Yet Again

Poland’s central bank is set to cut interest rates for the first time since 2023 and like the last time the decision will come just days before an important election.

Politics

41 h. ago Tariffs Force Bank of England to Consider Faster Pace of Cuts

The Bank of England is set to cut interest rates by a quarter point this week and may even pave the way for a series of back-to-back reductions for the first time since 2009 as it responds to America’s global trade war.

Economics

7 d. ago ‘Vote Palestine’ campaign sees minimal success rate on election night

Only 25 of the 362 candidates who signed the 'Vote Palestine' platform pledge were elected on Monday

Politics

1 week 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

2 w. ago Trump says Federal Reserve Chair Powell’s ’termination cannot come fast enough’

WASHINGTON — President Donald Trump slammed Federal Reserve Chair Jerome Powell on Thursday, reiterating his frustration that the Fed has not aggressively cut interest rates and saying that the central bank leader’s “termination cannot come fast enough.” Trump hinted at moving to fire Powell, whose term does not expire until next year. The Republican president’s […]

Other

3 w. ago Posthaste: Bank of Canada must cut rates deeper to salvage rocky housing market, say economists

Interest rates remain too high to turbocharge the sector, which is a major contributor to Canada's economy

Other

3 w. ago Will the Bank of Canada cut interest rates again as trade war deepens?

Some analysts expect the central bank to cut its benchmark rate by 25 basis points, bringing it down to 2.5 per cent, while others expect the rate to be held steady.

Economics

3 w. ago Canadians trust Liberals and Conservatives at similar rates, but there are key differences, poll finds

Trust is important, especially in such a close contest, said Jack Jedwab, president of the Association for Canadian Studies

Other

3 w. ago Bank of Canada should and will cut interest rates: CIBC’s Benjamin Tal

Watch: 'The housing market in Canada is a tale of two markets, and I think the Bank of Canada will take this into account when making a decision'

Other

3 w. ago Another Bank of Canada interest rate cut is on the way and here's what could happen

Amid times of economic uncertainty — an upcoming federal election and tense relations with the U.S. — Canadians are waiting for the next Bank of Canada (BoC) interest rate announcement.The central bank has made two 0.25 per cent cuts to its key interest rate so far this year, with the last one on March 12 bringing the rate to 2.75 per cent.That announcement came a week after U.S. President Donald Trump imposed a 25 per cent tariff on all Canadian goods, and Canada retaliated with counter-tariffs. The BoC claimed the Canadian economy entered the year in a "solid position," saying GDP showed robust growth, and inflation was finally close to the two per cent target.However, with economic aggression from the U.S., BoC officials predicted a slower pace of economic activity and increased inflationary pressures in Canada. The latter concern contributed to the decision to lower the policy rate by a quarter point.The last BoC update did not come with an extensive m...

Other

3 w. ago Euro Zone’s Weaker Inflation Outlook Bolsters ECB Case to Cut

Euro-area inflation will turn out slower than previously forecast because of higher US tariffs, according to a Bloomberg survey that supports the case for the European Central Bank to cut interest rates this week.

Economics

4 w. ago Kenya Cuts Key Rate by More Than Expected Amid Tariff Worries

Kenya’s central bank cut its benchmark interest rate for the fifth time in a row, slashing the rate by more than expected amid heightened geopolitical risks from US President Donald Trump’s reciprocal tariffs.

Economics