Did the Bank of Canada go too far in raising interest rates? Tal from CIBC thinks so.
There is a strong case to be made that the Bank of Canada has raised rates too high. This is according to CIBC Deputy Chief Economist Ben Tal, who says...
Inflation falls below 3%, but core measures remain ‘steady’
Canada's headline inflation reading took another step towards the magic 2% number by slowing to an annualized rate of 2.8% in June. This is the slowest annual pace since March...
‘Highly flexible’ variable borrowers face latest test as prime rate rises to 7.20%
Variable-rate mortgage borrowers, who have already seen interest costs rise more than 70% over the past year, took another hit last week as the base rate hit a 22-year high...
Home sales eased in June but remained resilient as the BoC resumed rate hikes
The Bank of Canada's rate hike in June was a splash of cold water on recent housing market strength as home sales fell in June and prices fell compared to...
Despite BoC Growth Forecasts, Canadians Are Bracing for Recession: TransUnion
While the Bank of Canada's latest growth forecast remains positive for the year ahead, Canadians are not taking any chances. In fact, more than a third of Canadians are preparing...