Latest news in Economic

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Inflation cooled in February, but beat expectations

The consumer price index rose by 2.2%

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Canada facing recession: TD Economics

Covid-19 will give way to back-to-back quarterly contractions, report says

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Banks again lower their prime lending rate

The proactive measure shaves off 50 basis points

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Coronavirus already affecting small business sales, CFIB survey says

The poll found 43% have reduced hours for staff and 20% have started temporary layoffs

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Coronavirus likely to spark sovereign downgrades, Fitch says

The ratings agency is expecting the strongest downward bias since the global financial crisis

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Statistics Canada finds less income mobility across generations

Mobility was greatest for those born to middle-income parents, new research finds

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CMHC to purchase up to $50B of insured mortgage pools

The move is designed to provide stable funding to banks and mortgage lenders

  • By: Staff
  • March 16, 2020 March 16, 2020
  • 17:33
Securities trending down

Bank of Canada responds to pandemic, oil prices with another rate cut

The cut to 0.75% follows last week's decision to reduce the interest rate by 50 basis points

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Federal budget delayed as House of Commons shuts down for five weeks

MPs quickly passed the new North American trade deal before rising

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Household debt remains elevated, service ratio rises: StatsCan

With Covid-19 leading to rate cuts, concerns about consumer borrowing may ease for now

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RBC forecasts recession amid coronavirus and plunge in oil prices

Canada's economy will contract in Q2 and Q3, the bank says

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Bank of Canada injects $7 billion to support banking system

It's the first such move since the financial crisis and downturn just over a decade ago

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Tax system costing Canadians: Report

Billions in benefits remain unclaimed by people who are entitled to them

  • By: Staff
  • March 12, 2020 March 12, 2020
  • 11:44
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G20 growth was sluggish prior to Covid-19

The OECD says growth slowed to 0.6% in the fourth quarter

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Feds roll out $1B funding package for healthcare

Plus, the finance minister announces the federal budget date

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A down year for private equity investment

Mega-deals accounted for more than half of total PE investment in 2019

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U.S. consumer prices rose in February

The consumer price index ticked up 0.1% last month

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Quebec hikes spending with eye on coronavirus

The provincial budget increases program spending by 5.1% over the previous fiscal year

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Economy can handle coronavirus, oil plunge, says Morneau

Federal finance minister attempts to ease fears about Covid-19

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How Covid-19 could hurt bank earnings

Oil prices were already under pressure — and things could be getting worse

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Poloz leaves door open to further rate cuts

The central bank’s key target rate is currently at its lowest level since early 2018

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Banks drop prime rate to match Bank of Canada cut

The rate cut will make borrowing cheaper, raising concerns about overheated housing markets

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Toronto home sales up almost 46% year over year

Prices also rose

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Ontario to focus on deficit in March 25 budget

Financial regulation could also be part of the priorities laid out later this month

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Bank of Canada matches Fed, cutting rate by half a percentage point

The central bank said it may further adjust its key rate if the situation calls for it