Daily News

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. Inflatio...

Worst-case scenario where values plunge 30% would bring price-to-income ratio to still unaffordable 2015 levels Even a sharp recession is unlikely to restore affordability to Toronto’s housing market, according to a new study from Desjardins t...

Disturbingly broad-based weakness in economy begs the question: Tiff, what more do you need to see? The Canadian economy unexpectedly dipped into contraction in the second quarter, at a 0.2 per cent annual rate instead of expanding at a 1.2 per...

GDP shocker shows economy cooling faster than anyone expected It looks like British Columbia Premier David Eby might get his wish. In a letter last week, the premier urged Bank of Canada governor Tiff Macklem to consider the “human...

Only 33% of people believe economic outlook will improve over next 60 days Canadians’ view of the state of the economy continues to deteriorate, a new poll suggests, just as the Bank of Canada prepares to announce its latest interest rate decis...

Financial Times: Nation has vast potential, yet underperforms on the global stage Canada rarely makes the global news. When it does, it is often in reference to the exploits of Canadian entertainers — Justin Bieber, Céline Dion and Drake. For a...

Martin Pelletier: These 3 sectors are boasting annual yields as high as 9-15% Like many of those who grew up in the Prairies, I come from a family with strong farming roots, so I know that having patience is ingrained in a farmer’s makeup, whic...

Watch CIBC economist Benjamin Tal on the state of the Canadian economy Benjamin Tal, deputy chief economist at CIBC Capital Markets, talks with Financial Post’s Larysa Harapyn about the state of the economy and whether the Bank of Canada will h...

Canada’s Finance Minister Chrystia Freeland instructed three of the founding investors of Wealth One Bank of Canada to divest their stakes in the lender, Globe & Mail reported Saturday, citing documents obtained through an access to information request...

Moves follow retirement of current chief human resources officer Barb Mason at end of 2023 Bank of Nova Scotia is making several changes to its senior leadership team, including naming a new human resources chief and a new head of digital trans...