Forget rate relief: Most Canadians are about to see their mortgage interest payments soar
Open this photo in gallery: Houses on a hillside in Burnaby, B.C., on April 17, 2021.DARRYL DYCK/The Canadian Press In Canada’s mortgage market, sentiment can shift on a dime. That’s especially evident these days, as the Bank of Canada prepares…
Canada’s per capita output drops 7% below trend, new Statscan report says
Open this photo in gallery: Construction at the site of a new condominium project in downtown Toronto on Jan. 24.Graeme Roy/The Canadian Press Canada’s economic output on a per capita basis has slipped to 7 per cent below its long-term…
Capital gains tax ‘last thing the Canadian economy needs,’ say business groups
Prime Minister Justin Trudeau, Deputy Prime Minister and Minister of Finance Chrystia Freeland and cabinet ministers pose for a photo before the tabling of the federal budget on Parliament Hill in Ottawa, on Tuesday, April 16, 2024. THE CANADIAN PRESS/Justin…
Canada’s inflation rate ticks up to 2.9% in March amid higher gas prices, boosting June rate-cut bets
Canada’s annual inflation rate ticked up in March, rising 2.9 per cent. (THE CANADIAN PRESS/Sean Kilpatrick) (The Canadian Press) Canada’s annual inflation rate ticked up to 2.9 per cent in March, while measures of core inflation cooled, reinforcing the possibility…
Canada’s interest rates will likely fall. Where will they end up?
Experts say that interest rates going down does not mean close to the near-zero levels of the COVID-19 pandemic. (Photo by DAVE CHAN/AFP via Getty Images) (DAVE CHAN via Getty Images) The expected timing of a Bank of Canada (BoC)…
How a ballooning public sector is reshaping Canada’s economy
Public vs. private employment growth 2024 = last 12 months as of March THE GLOBE AND MAIL, source: statistics canada Public vs. private employment growth 2024 = last 12 months as of March THE GLOBE AND MAIL, source: statistics canada…