The policy rate now stands at 2.75% after the central bank’s seventh consecutive rate cut. Later in the day, the country’s ...

Separately, RBC Capital Markets strategists have also lifted their gold prices forecasts, incorporating insights from their machine learning model. They now project gold at $2,844 per ounce in 2025, a ...

The wealthier Americans, who account for a larger share of spending, are the ones to watch as far as the economy is concerned. “A pullback among high-income consumers would merit a shift in our U.S.

The Bank of Canada made clear that central banks around the world are fighting an entirely different war than the pandemic — but post-Covid inflation fears are haunting policymakers as they try to ...

The Bank of Canada cut its benchmark rate by 25 basis points, bringing it down to 2.75 per cent. Experts say the outlook for the housing market remains hazy.

RBC Chief Economist Frances Donald discusses the Bank of Canada's decision to cut its key interest rate and what it could ...

Prices will rise, the economy will suffer and the Bank of Canada can't lower interest rates enough to shield Canadians from ...

The Bank of Canada has cut its overnight lending rate by 25 basis points to 2.75 per cent, it announced on Wednesday, as an ...

The Canada Mortgage and Housing Corporation (CMHC) also forecasted in February that lower mortgage rates and last year’s mortgage reforms could activate the housing market, with the caveat that higher ...

Average hours worked were down by the most since April 2022, declining 1.3% from the month before. Statistics Canada said 429,000 employees lost work hours in February, more than four times higher ...

A weak Canadian jobs report this morning has money markets raising their bets that the Bank of Canada will cut its key ...

Royal Bank of Canada boosted CEO Dave McKay's 2024 salary to C$24.5 million ($17.14 million), including a C$4 million bonus ...