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Posted by: Dean Kimoto
The Bank of Canada today increased its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%. Since the July Monetary Policy Report, global economic activity has remained resilient, despite higher energy prices. In the United States, the economy continues to grow […]
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Home sales in the Vancouver region dropped 4.6% last month compared with a year ago, continuing a lag since May that is expected to persist through the end of 2026. Greater Vancouver Realtors says there were 1,869 home sales last month, which was 20.7% below the 10-year seasonal average. Andrew Lis, the board’s chief economist […]
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Finance Minister Francois-Philippe Champagne said positive investor sentiment is helping keep Canada’s borrowing costs in check despite a global bond rout, arguing the country’s finances are strong enough to handle the volatility. By Erik Hertzberg (Bloomberg) — Finance Minister Francois-Philippe Champagne said positive investor sentiment is helping keep Canada’s borrowing costs in check despite a […]
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The Canadian Real Estate Association says home sales in July were down compared with a year ago, but edged slightly higher month-over-month. By Daniel Johnson The organization said Tuesday home sales last month totalled 43,578, down 5.3% from the previous year. On a seasonally adjusted basis, activity was up 0.5% compared with June this year. […]
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The tentative trade deal between the U.S. and Canada would lower tariffs on certain Canadian exports of steel and aluminum to 25%, according to people familiar with the matter. By Josh Wingrove, Jennifer A. Dlouhy and Alicia Diaz (Bloomberg) — The tentative trade deal between the U.S. and Canada would lower tariffs on certain Canadian […]
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The Trump administration delayed 50% tariffs on billions of dollars of Canadian products for three days, saying the two sides had reached a tentative agreement to resolve a broader trade dispute that had plunged relations to a fresh low. By Alicia Diaz and Josh Wingrove (Bloomberg) — The Trump administration delayed 50% tariffs on billions […]
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The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. Canada’s economy is showing signs of improvement. Growth is picking up and inflation is projected to ease gradually from its recent spike. There are still important risks and uncertainties […]
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The Bank of Canada is widely expected to hold its policy rate at 2.25% this week, but economists remain divided over how soon the central bank may need to begin raising rates. The Bank of Canada is expected to keep its policy rate unchanged at 2.25% on Wednesday, which would mark a sixth consecutive hold. […]
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A new RBC poll finds most Canadians believe there is no perfect time to buy, as economic uncertainty, affordability pressures and rate expectations complicate purchase decisions. Most Canadians say there is no perfect time to buy a home, according to a new RBC poll that points to the uncertainty still hanging over the housing market […]
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The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The conflict in the Middle East is now in its fourth month. The resulting increases in energy prices and disruptions in global supply chains are weighing on global economic […]
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