This morning, the Bank of Canada is poised to announce its interest rate decision. Despite indications of cooling inflation, economists widely anticipate the central bank […]
Tag: Interest Rates
Quebec sawmills face financial losses amid declining demand for lumber.
Sawmills across Quebec have been operating at a loss for over a year due to the decline in demand for lumber, as per industry experts. […]
The Bank of Canada has opted to maintain the current 5% interest rate, signaling no adjustments at this time.
The Bank of Canada has affirmed that its key overnight interest rate will remain at five percent, maintaining its benchmark for the fourth consecutive […]
In 2021, the income of the top 1 percent of tax filers increased by nearly 10%, as reported by Statistics Canada.
According to Statistics Canada, the highest-earning one percent of tax filers in the country experienced a nearly 10 percent increase in their incomes in 2021. […]
The Bank of Canada is divided on the question of whether it is necessary to increase interest rates further.
The possibility of additional interest rate increases by the Bank of Canada is still under consideration, given the ongoing division within its governing council regarding […]
Bank of Canada Surpasses 22-Year Record with Highest Interest Rate Increase
In a notable move, the Bank of Canada has raised its overnight rate to an impressive 22-year pinnacle of 4.75 percent. In response, both markets […]