OTTAWA, May 6 Canada's home sales and price
growth will moderate over the coming years from the
unsustainable levels of 2020, but remain elevated, with housing
starts expected to stabilize by the end of 2023, the national
housing agency said on Thursday.
OTTAWA, May 4 Canada's trade balance shifted
back to a deficit in March following two consecutive months of
surplus as imports jumped significantly while exports edged up
slightly, Statistics Canada said on Tuesday.
OTTAWA (Reuters) -Canada's economy likely grew by 6.5% on an annualized basis in the first quarter, Statistics Canada said on Friday, though economists warned that the current third wave of COVID-19 infections will weigh in the second quarter.
OTTAWA, April 21 The Bank of Canada signaled on
Wednesday that it could start hiking interest rates in late
2022, as it sharply boosted its outlook for the Canadian economy
and reduced the scope of its bond buying program.
OTTAWA, April 20 Buyers are turning up the heat
on Canada's searing hot housing market, their frenzy leading to
record sales, prices and starts, but in a budget unveiled on
Monday the federal government did little to tamp down the fire.
OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau's government on Monday lined up billions in new spending to provide emergency support during a virulent third wave of COVID-19 and to help launch an economic recovery ahead of an election expected later this year.
OTTAWA Canadian housing starts rose 21.6% in March compared with the previous month, easily beating expectations and hitting a new record, data from the Canadian Mortgage and Housing Corporation showed on Monday.
OTTAWA Canada's Liberal government will deliver on its promise to spend big when it presents its first budget in two years next week amid a fast-rising third wave of COVID-19 infections and ahead of an election expected in coming months.
OTTAWA Business sentiment in Canada continues to improve and many firms consider the impacts of the COVID-19 pandemic behind them, though the outlook remains challenging for high-contact services, a Bank of Canada survey showed on Monday.
OTTAWA Canada's red-hot housing market has bolstered the economic recovery from the COVID-19 pandemic, but the market imbalances are escalating and driving up already-high household debt, the Bank of Canada said on Friday.