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Economy News

Finance Minister won’t interfere with banks on rates
Canadian Finance Minister Joe Oliver said he won't pressure the nation's banks to follow the Bank of Canada's latest interest-rate cut, or take steps to influence the housing market.
Posted on 1-23-2015 at 2:49 PM
Plunging gasoline prices weigh on inflation rate
Canada’s inflation rate slowed to 1.5 percent in December, as the effects of cheaper gasoline countered accelerating prices on most other items.
Posted on 1-23-2015 at 8:52 AM
Bank of Canada supports housing market with surprise rate cut
In addition to weighing on inflation, business and government spending, the central bank said the “unambiguously negative” drop in oil prices will be a hit to jobs and income that may rattle consumption and housing.
Posted on 1-21-2015 at 7:32 PM
China’s economy grows at slowest pace in 24 years
For investors worried about growth in China and the world this year, the data poses two questions.
Posted on 1-20-2015 at 6:41 AM
Canada's forecast takes hit as IMF cuts global growth outlook again
“Oil exporters, for which oil receipts typically contribute to a sizable share of fiscal revenues, are experiencing larger shocks in proportion to their economies,” the IMF said.
Posted on 1-20-2015 at 6:35 AM
Federal budget will bank on rebound in oil prices
Finance Minister Joe Oliver is signalling he will change his department’s approach to calculating future oil prices, an accounting decision that will have a dramatic impact on the Conservative government’s election-year bottom line.
Posted on 1-15-2015 at 7:28 AM
Oil prices could go lower still: Bank of Canada
Demand for high-priced oil sands crude will eventually rebound, but in the meantime the Canadian economy could be in for a rough ride, Deputy Governor Timothy Lane said in a speech Tuesday.
Posted on 1-13-2015 at 2:37 PM
Ottawa to post deficit due to oil drop, tax cuts: TD forecasts
Updated forecasts by TD Economics project that the Conservative government will be in deficit for two years longer than originally planned due to the sudden drop in oil prices and the impact of tax cuts announced in the fall.
Posted on 1-13-2015 at 10:44 AM

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