By Fergal McAlinden 24 Jun. 2025 Canada’s annual inflation rate was unchanged in May, holding steady at 1.7% – but analysts expect the Bank of Canada will need more conclusive signs of a sustained slowdown before cutting interest rates. Last month’s figures, revealed by Statistics Canada this morning, aligned...

By Fergal McAlinden Will the Bank of Canada keep rates on hold next week? Canada’s economy grew at a faster rate than expected in the first quarter, expanding by 2.2% in news that’s likely to keep the Bank of Canada in wait-and-see mode as it weighs up interest...

Gary Barnes Tariff fears kept home buyers on the sidelines in March for most of the province, but the Okanagan appears to be bucking the trend according to recent figures from the BC Real Estate Association (BCREA). The association reports that 5,917 residential sales were recorded in B.C. in March,...

Media Relations Ottawa, Ontario April 16, 2025 The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The major shift in direction of US trade policy and the unpredictability of tariffs have increased...

Media Relations Ottawa, Ontario March 12, 2025 The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The Canadian economy entered 2025 in a solid position, with inflation close to the 2% target...

By Matthew Sellers Canadian markets have taken a hard hit as President Donald Trump confirmed that the planned 25 percent tariffs on all imports from Canada and Mexico would take effect at the end of the night. The announcement has rattled investors, leading to a steep decline...

By Fergal McAlinden The federal government is delaying plans to increase taxes on capital gains until the beginning of next year, with the hike – announced in last year’s federal budget – now scheduled to come into effect on January 1, 2026. Finance minister Dominic LeBlanc said on...

By Fergal McAlinden 29 Jan. 2025 The Bank of Canada has lowered its benchmark rate again, making a sixth consecutive cut amid continuing signs of a slowing economy and falling inflation. The central bank said on Wednesday morning that it had trimmed the key rate by 25 basis points,...