Category: Economy

Jan 25

Why David Dodge thinks Ottawa’s plans to restore fiscal balance are on shaky ground

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC Breadcrumb Trail Links News Economy Federal government needs to limit spending and borrowing to get debt levels under control Former Bank of […]
Jan 25

Chrystia Freeland finally offers plan to help Bank of Canada cover its losses

Breadcrumb Trail Links Finance Economy Banking Legislative tweak will allow Bank to get rid of its first red ink in history Finance Minister Chrystia Freeland has told Bank of Canada governor Tiff Macklem that the government will amend legislation so that the central bank can keep earnings to offset its losses. Photo by REUTERS/Blair Gable […]
Jan 6

Interest rates headed higher after Canada’s job gains blow past expectations

Breadcrumb Trail Links News Economy Kevin Carmichael: Employers added more than 100,000 positions in December, a number likely too robust for the Bank of Canada Employment in Canada rose by 104,000 jobs in December, and the unemployment rate declined 0.1 percentage points to 5.0 per cent. Photo by Getty Images Article content It looks like […]
Jan 6

‘The Bank of Canada isn’t done yet’: Blockbuster jobs report means more rate hikes in store, economists say

Breadcrumb Trail Links News Economy Here’s what economists have to say about the latest jobs report and what it means for interest rates Canada added 104,000 jobs in the month of December. Photo by Winnipeg Sun Article content December’s blockbuster jobs report points to continued strength in the labour market, and indicates the Bank of […]
Dec 21

Inflation slows to 6.8%, suggesting higher interest rates are starting to bite

Breadcrumb Trail Links News Economy Opens the door for the Bank of Canada to pause in the new year Canadians learned the latest inflation figures Wednesday. Photo by Peter J. Thompson/National Post Article content Canada’s main gauge of cost pressures eased in November, suggesting the Bank of Canada’s relentless campaign of interest-rate increases is starting […]