Canada’s economic landscape continues to grapple with persistent inflation, as Statistics Canada reports an unchanged annual inflation rate of 3.1 per cent for November. This data, consistent with the previous month’s figure, underscores ongoing economic challenges despite hopes for a drop below the three per cent mark, aligning closer with…

The Bank of Canada on Wednesday 6 December announced it will be holding its interest rate at 5 per cent, which is a positive sign for Canadian mortgage holders. However, challenges will remain as the cost of borrowing stays at high levels for the foreseeable future. Regardless, this news is…

Senior Deputy Governor, has warned that interest rates may remain high for longer than was previously expected, potentially becoming a permanent feature. She added that we might need to brace ourselves for a new era of high-interest rates and even that we might never see pre-pandemic interest levels again. Rogers…

This latest comes news as the Canadian Government tries to deal with the country’s housing shortages, hoping to stabilize the markets. The Canadian Immigration Minister, Marc Miller, said that the country needed to consider its existing infrastructure when it comes to immigration. He also went on to say the country…

Tiff Macklem, Governor of the Bank of Canada, said that ‘structural problems’ in the market are not helping with inflation, making the bank’s task harder than usual. By structural problems, Macklem appeared to be referring to the physical lack of housing in the market. Steps have been taken to address…

A spokesperson said the drop-in inflation rates have been helped by slowing price increases for products including meat, dairy, tea, and coffee. The high inflation levels experienced in September 2023 have also fallen out of the 12-month calculation window, contributing to the improved figures. However, it should be noted that…

A recent study conducted by Dalhousie University and consumer data company Caddle has found that for 45.5 per cent of Canadians, priority is being given to cost over nutrition when shopping for groceries. While those in higher income brackets were found to be less affected, a growing number of Canadians…

Statistics Canada reports that Canada’s inflation rose last month to 4 per cent, majorly driven by pump prices that increased by 4.6 per cent in August. Energy prices have had a substantial impact on inflation as a change here has a ripple effect in almost all other sectors. Analysts are…

Canadian mortgage borrowers are expressing feelings of regret as they are compelled to make higher monthly payments. With mortgage rates typically following the trend of bond market rates, interest rates are expected to remain high for longer than was anticipated due to stubborn inflation. The 5-year bond yield rate reached…

Statistics Canada reports that retail sales rose by just 0.1 per cent to $65.9 billion in June. This marginal increase was driven by three sectors. Motor vehicle and parts dealers were the biggest contributors to this gain, having experienced a 2.5 per cent increase in retail sales. New car sales…