Leah Schnurr

Higher rates, tighter mortgage rules cool Canadian home prices: Reuters poll

Jun 08 2018

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.

WRAPUP 1-Canada sheds jobs in May but wages grow by the most in six years

Jun 08 2018

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.

Trade uncertainty 'a little more risky' now: Bank of Canada

Jun 07 2018

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.

Expect disagreements over tariffs at G7 summit: Canada official

Jun 05 2018

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.

Reuters poll: Cautious on trade and debt, Bank of Canada likely to hold rates

May 24 2018

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.

Canada inflation rate dips in April; central bank seen on hold in May

May 18 2018

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.

Bank of Canada says NAFTA uncertainty weighing on investment

May 16 2018

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.

Canada ready to cover Kinder Morgan loss, sees outside interest

May 16 2018

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.

Bank of Canada holds rates, prospects rise for a July hike

Apr 18 2018

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.

Canadian firms see pickup in sales growth: central bank survey

Apr 09 2018

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.

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