Daily News

Economy Source: Financialpost July 26, 2024

Both GDP and GDP-per-capita important to consider as population grows, says Macklem

Canada’s growth per person has declined in six of the past seven quarters Get the latest from Naimul Karim straight to your inbox Sign Up Canada may not technically be in a recession, but some economists argue the country’s declining per-capita output...

Source: Financialpost July 25, 2024

Opinion: Canadians are tired of Ottawa’s over-taxing and high spending

Ottawa could balance its budget simply by sticking to its spending plan of two years ago. It should do that, then cut taxesThe Trudeau government is like a band that only knows one tune: more spending/higher taxes. We apologize, but this video has failed...

Source: Financialpost July 25, 2024

September 'very much on the table': What economists say about Bank of Canada rate cuts

Two more cuts expected this yearAs the Bank of Canada cut its interest rate for the second time in this cycle Wednesday, economists remained confident more reductions are on the horizon. The central bank’s decision to trim its key policy rate to 4.5 per cent...

Source: Financialpost July 25, 2024

How Bank of Canada's rate cut will affect real estate markets, according to experts

Some experts say it's not enough to help homebuyersOn Wednesday, the Bank of Canada cut its benchmark interest rate by 25 basis points for the second time this year, bringing it down to 4.5 per cent, its lowest since April 2023. The move was widely expected...

Source: Financialpost July 25, 2024

Bank of Canada cuts interest rate again and signals more to come

Central bank reduces benchmark rate to 4.5%The Bank of Canada on Wednesday cut its interest rate by 25 basis points for a second time in a row, citing a pullback in household spending on both consumer goods and housing as a reason to bring the rate down to 4...

Source: Bankofcanada July 24, 2024

Monetary Policy Report Press Conference Opening Statement

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss the July Monetary Policy Report (MPR) and today’s policy announcement. Today, we lowered our policy interest...

Source: Bankofcanada July 24, 2024

Monetary Policy Report – July 2024

Monetary policy is working to reduce price pressures in the Canadian economy. Core inflation is expected to ease gradually, while the path of CPI inflat...

Source: Bankofcanada July 24, 2024

Bank of Canada reduces policy rate by 25 basis points to 4½%

The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. The...

Source: Financialpost July 24, 2024

Posthaste: Many indebted Canadians think Bank of Canada interest rate cuts can't save them

Debt has become unmanageable for half of Canadians, polls suggest We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Many indebted Canadians think Bank of Canada intere...

Source: Financialpost July 24, 2024

Why it is so hard to make an affordable EV in North America

Even a used electric vehicle is not cheap in this country, yet China appears to have no problem churning them out Get the latest from Gabriel Friedman straight to your inbox Sign Up Tesla Inc. chief executive Elon Musk has promised to deliver a cheape...