Canada's economy grows faster than expected in first quarter
The Canadian economy grew at an annual rate of 2.2 per cent in the first quarter of this year, which is a faster pace than economists were expecting.
Jordan Gowling,
While National Newswatch does not keep an archive of external articles for longer than 6 months, we do keep all articles written by contributors who post directly to our site. Here you will find all of the contributed and linked external articles from Jordan Gowling,.
Bank of Canada cuts key rate for first time in more than 4 years
The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic. Wednesday’s announcement puts the policy rate at 4.75 per cent, down from the 5 per cent it has been sitting at since July of last year. The bank began raising its key interest rate in March of...
Bank of Canada says financial system is stable, but risks remain
The Bank of Canada says the Canadian financial system is stable, but risks remain due to debt servicing costs among households and businesses and stretched valuations of financial assets. The central bank released its Financial Stability Report on Thursday, which evaluates the risks and stability within the Canadian financial system.
Bank of Canada holds key interest rate at 5 per cent
The Bank of Canada held its policy rate at 5 per cent on Wednesday, citing continued concerns about the inflation outlook. The bank has held its rate at 5 per cent since last July. “It’s still too early to consider lowering the policy interest rate,” said Bank of Canada Governor Tiff Macklem, during his opening remarks. “Looking ahead, we continue...