Bank of Canada keeps key interest rate steady at 0.25%
Governor Tiff Macklem has said the rate won't move from the lower effective bound until an economic recovery is well underway, which the bank doesn't expect to happen until 2023.
View ArticleA Roaring 20s economic rebound for Canada depends on these things
Pent-up demand for social interaction, plus record savings during COVID-19, could fuel an economic bump reminiscent of the Roaring 20s, a growing number of economists say.
View ArticleCanada’s coronavirus response can shift economy’s direction to low-carbon:...
Analysts are saying that Canada could hasten its recovery and position itself for a low-carbon economy by the end of the COVID-19 pandemic.
View ArticleBank of Canada tracking supply, consumer demand for next economic outlook
In July, the central bank will release an updated economic outlook for the country and make its next interest rate announcement.
View ArticleRetail sales fell 2.1% in December amid Omicron, early estimates show
Statistics Canada says sales in November climbed in six of 11 subsectors, representing nearly 63.8 per cent of retail trade.
View ArticleOttawa cut deficit down to $69.8B during most of last fiscal year
In its monthly fiscal monitor report, the Finance Department says the tally compared with a deficit of $282.6 billion for the same period of 2020-21.
View ArticleOttawa posts a surplus of $10.2B in 1st quarter of fiscal year
Revenue was up $18.7 billion, or nearly 21 per cent, while program expenditures fell by $29 billion or 25 per cent largely due to lower transfers to individuals and businesses.
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