Canada's 2% inflation rate in August raises hopes for large rate cut
Canada's annual inflation rate reached the central bank's 2% target in August, data showed on Tuesday, fuelling hopes for a 50-basis-point interest rate cut by
September 17, 2024Your subscription includes
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Canada's annual inflation rate reached the central bank's 2% target in August, data showed on Tuesday, fuelling hopes for a 50-basis-point interest rate cut by
September 17, 2024Despite three interest rate cuts since June, Canadian consumers still appear to be feeling more stressed than their neighbors in the U.S., where the Federal
September 16, 2024Canada's economy grew faster than expected in the second quarter, data showed on Friday, but analysts said the central bank was still on track to cut rates for a
August 30, 2024Canada, following the lead of the United States and European Union, said on Monday it will impose a 100% tariff on imports of Chinese electric
August 26, 2024Canada's economy could shrink by billions of dollars this year if a rail stoppage that began on Thursday continues for weeks, and the knock-on effects would
August 22, 2024Canada's freight rail network could come to a grinding halt this week, inflicting a huge economic toll after the country's two largest railroad operators on
August 18, 2024Canadian Pacific Kansas City said on Saturday it would halt any new rail shipments originating in Canada, and all new U.S. shipments destined for Canada starting
August 17, 2024The Bank of Canada on Wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5%, and said
July 24, 2024Canada's promise this week to increase defense spending to 2% of GDP by 2032 was welcome news to the country's NATO allies, but meeting that commitment could
July 12, 2024India has said a report by Canadian legislators alleging interference by New Delhi is politically motivated and influenced by Sikh separatist campaigners.
June 26, 2024The Bank of Canada will need to play very safe in its easing cycle, despite widespread expectations of an immediate July rate cut, and take a much slower path
June 24, 2024The Bank of Canada (BoC) may dash hopes of a June interest rate cut and instead move in July, which will give it seven more weeks of key data to confirm the
May 22, 2024Canada's retail sales contracted for the second consecutive month in February, missing expectations, data showed on Wednesday, led by a drop in sales at gasoline
April 24, 2024