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Economy News

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Inflation rebounds to 1.5% on energy, shelter costs

Canada's inflation rate rebounded in March as rising energy prices triggered the biggest gain in shelter costs in more than three years.

Posted on 4-17-2014 at 9:07 AM
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Bank of Canada keeps rate at 1% with neutral bias on next move

Bank of Canada Governor Stephen Poloz remained neutral on the direction of his next interest- rate move, saying he will downplay the quickening of inflation this year with companies still...

Posted on 4-16-2014 at 10:11 AM
Bank of Canada's Poloz expected to keep interest rate on pause

Bank of Canada's Poloz expected to keep interest rate on pause

Early signs of an economy moving toward full economic health probably won't be enough to prompt Bank of Canada Governor Stephen Poloz to alter the stance of monetary policy today.

Posted on 4-16-2014 at 7:27 AM
Factory sales reach highest since before 2008 recession

Factory sales reach highest since before 2008 recession

Canadian factory sales rose in February to the highest level since before the last recession on gains in transportation and energy, while unfilled and new orders posted their biggest gains...

Posted on 4-15-2014 at 8:56 AM
Poloz cites Bank of Canada continuity amid rate panel turnover

Poloz cites Bank of Canada continuity amid rate panel turnover

Bank of Canada Governor Stephen Poloz is stressing continuity at the central bank even as it undergoes the biggest turnover of senior management in its 79-year history.

Posted on 4-14-2014 at 7:53 AM
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Larry Summers warns low rates taking toll on global economy

As the world’s finance ministers and central bankers gather in Washington for International Monetary Fund meetings, Lawrence Summers is warning that medium-term prospects for the global...

Posted on 4-10-2014 at 5:21 PM
Fed to hold rates until at least July 2015, says slim majority: Reuters poll

Fed to hold rates until at least July 2015, says slim majority: Reuters poll

The U.S. Federal Reserve will not raise its key interest rate until at least July next year as it waits for the world's biggest economy to gather pace, according to a slim majority of...

Posted on 4-09-2014 at 2:24 PM
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Cooler housing market boosts BoC's soft landing view

Declines in housing starts and building permits data suggest Canada is headed for the soft landing in real estate that policy makers have forecast, damping concern that a rapid fall in home...

Posted on 4-08-2014 at 11:04 AM

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