OTTAWA Higher borrowing costs and tighter mortgage rules in Canada are seen dampening the country's home price growth more than previously anticipated this year and next, including in the once-hot markets of Toronto and Vancouver, a Reuters poll found.
OTTAWA, June 8 The Canadian economy unexpectedly
shed jobs in May as hiring declined in manufacturing and
construction, although wages rose at their strongest annual pace
in nearly six years, which could give the central bank room to
raise interest rates as soon as July.
OTTAWA Trade uncertainty feels more risky than it did in April, the head of the Bank of Canada said on Thursday, noting the impact of recent U.S. tariffs on aluminum and steel imports will be incorporated into updated economic forecasts next month.
OTTAWA The Group of Seven leading industrial nations at its summit this week is poised to disagree over U.S. metals tariffs, which have infuriated Canada and European Union members of the bloc, a Canadian official said on Tuesday.
OTTAWA The Bank of Canada will probably hold interest rates steady on May 30 as uncertain trade policy and indebted consumers necessitate caution, but firmer price and wage inflation will prompt two increases in the second half of 2018, a Reuters poll predicted.
OTTAWA Canadian inflation cooled slightly in April, bolstering expectations the central bank will hold interest rates steady later this month and weakening the Canadian dollar.
OTTAWA Uncertainty about NAFTA renegotiations is one of the reasons the Bank of Canada has kept interest rates low, because concern about U.S. trade policy is dragging down business investment, Deputy Governor Lawrence Schembri said on Wednesday.
OTTAWA Canada is prepared to cover some losses Kinder Morgan Canada Ltd might suffer if a proposed oil pipeline expansion is delayed and thinks other investors are ready to step in if need be, Finance Minister Bill Morneau said on Wednesday.
OTTAWA The Bank of Canada held interest rates steady on Wednesday, as expected, but said more hikes will be needed over time and pointed to a pick up in wage growth and inflation, two issues that have concerned the central bank.
OTTAWA Canadian companies remain optimistic about sales growth despite trade uncertainties, the Bank of Canada said on Monday in a report that boosted the currency and reinforced expectations of further interest rate hikes down the line.