Daily News

All of the big six banks moved their prime rates to 6.70% from 6.95%Canadian financial institutions say they are lowering their prime lending rates to match the decrease announced by the Bank of Canada. We apologize, but this video has failed to load. Tr...

Robert McLister: Three year fixed rate mortgages still the best valueFollowing the Bank of Canada’s latest rate slash, most lenders have trimmed their variable rates by a quarter point. This means the leading variable rates are now a mere 86 basis points abo...

Taxpayer hit with penalty for overcontribution after failing to appreciate the one-year lagReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this...

In an exclusive interview with the Financial Post, Macklem explains how the worry now is inflation falling too farThe Bank of Canada began its rate-hiking cycle just over two years ago to fight a growing inflation problem, which, while not over yet, is endin...

Canada’s growth per person has declined in six of the past seven quarters Get the latest from Naimul Karim straight to your inbox Sign Up Canada may not technically be in a recession, but some economists argue the country’s declining per-capita output...

Ottawa could balance its budget simply by sticking to its spending plan of two years ago. It should do that, then cut taxesThe Trudeau government is like a band that only knows one tune: more spending/higher taxes. We apologize, but this video has failed...

Two more cuts expected this yearAs the Bank of Canada cut its interest rate for the second time in this cycle Wednesday, economists remained confident more reductions are on the horizon. The central bank’s decision to trim its key policy rate to 4.5 per cent...

Some experts say it's not enough to help homebuyersOn Wednesday, the Bank of Canada cut its benchmark interest rate by 25 basis points for the second time this year, bringing it down to 4.5 per cent, its lowest since April 2023. The move was widely expected...

Central bank reduces benchmark rate to 4.5%The Bank of Canada on Wednesday cut its interest rate by 25 basis points for a second time in a row, citing a pullback in household spending on both consumer goods and housing as a reason to bring the rate down to 4...

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss the July Monetary Policy Report (MPR) and today’s policy announcement. Today, we lowered our policy interest...