In April, Canada’s annual rate of inflation rose for the first time since last June, putting an increase back on the table.
The Bank of Canada is set to announce Wednesday morning whether it’s going to resume raising its key overnight lending rate.
Last March, the bank began an aggressive rate-hike campaign in a bid to drive inflation down, pushing its key overnight rate to 4.5 per cent from 0.25 per cent. But a steady stream of stronger than expected economic data — including rising inflation in April — have put an increase back on the table.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Canadians shouldn't wait to take action on looming mortgage renewals: experts'We tell people the same thing: if it's humanly possible, you need to find a way to increase your payment now to prevent the growth of the mortgage. We tell everybody the same thing.'
Lire la suite »
Canadians wait much longer for drugs than Americans and Europeans | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Lire la suite »
Canadians spending 30 per cent more on travel compared to pre-pandemic levelsCanadians are continuing to spend more money on travel as the industry rebounds slowly from pandemic disruptions, according to a recent report — but many are opting for closer destinations, with travel to the U.S. on the rise.
Lire la suite »
Most Canadians waiting for mortgage rates to drop to reenter housing market: pollConcerns about interest rates, inflation and a possible economic recession have changed Canadians\u0027 approaches to homebuying. Find out more.
Lire la suite »
Most Canadians waiting for mortgage rates to drop to reenter housing market: pollConcerns about interest rates, inflation and a possible economic recession have changed Canadians\u0027 approaches to homebuying. Find out more.
Lire la suite »