Monetary Policy

Shadow bank stress lurks, Moody’s warns

Industry

Shadow bank stress lurks, Moody’s warns

Tighter financial conditions pose growing threat to non-banks that may spread throughout financial sector

By James Langton |July 18, 2023

2 min read

Canada’s inflation rate tumbles to 2.8% in June

Economic Indicators

Canada’s inflation rate tumbles to 2.8% in June

But Canadians continue to pay substantially higher prices for groceries

By Nojoud Al Mallees, The Canadian Press |July 18, 2023

3 min read

Banks adjust prime rate in response to BoC hike

Economic Indicators

Banks adjust prime rate in response to BoC hike

The central bank raised its key lending rate to 5% on Wednesday

By Staff |July 12, 2023

1 min read

BoC raises key interest rate, expects slower return to inflation target

Economic Indicators

BoC raises key interest rate, expects slower return to inflation target

Bank says rate hike to 5% was prompted by elevated demand, driven by strong consumer spending

By The Canadian Press |July 12, 2023

3 min read