OTTAWA – The Canadian economy grew at a slower-than-expected pace of 1.5 per cent in the second quarter, the Bank of Canada estimated Wednesday as it slashed an earlier forecast that looked for growth of two per cent. However, the central bank said it expected the domestic economy will grow slightly faster in the second […]

OTTAWA (Reuters) – A day after raising expectations it would increase interest rates soon, the Bank of Canada said it might keep rates below their normal long-run levels even after the Canadian economy is back to full capacity, and future rate hikes would likely be gradual. In a report on Wednesday, and in remarks by […]

OTTAWA – The Bank of Canada signalled Tuesday that it will look for an opportunity to raise interest rates sooner rather than later to keep inflation in check as the Canadian economy continues to grow. The central bank kept its overnight rate target at one per cent but noted that the U.S. economy has grown […]

Tom Fennell If there’s one question being kicked around the barbecue more than any other this summer, it’s probably this: should I lock in my variable rate mortgage? But with interest rates bouncing around, to the point where they make a mortgage-rate chart look more like the diagram of a rollercoaster, homeowners can be forgiven […]

David Pett  Jul 18, 2011 A relatively strong Canadian economy will force the Bank of Canada to double its key lending rate by the end of the first quarter in 2012, says a new report from Citigroup Capital Markets. The country’s central bank will stand pat when it announces its latest rate decision on Tuesday but […]

By The Canadian Press OTTAWA – Canadian home prices continued to soar above year-ago levels in June, but economist believe price hikes could soon ease, spelling relief for buyers in expensive markets like Toronto and Vancouver. The Canadian Real Estate Association said Friday the national average price for Canadian home resales was $372,700 in June, […]

By The Canadian Press OTTAWA – The C.D. Howe Institute’s monetary policy council recommended Thursday the Bank of Canada raise its target for the overnight interest rate. The group of economists recommended the central bank raise the key rate by a quarter point to 1.25 per cent at its rate announcement next week. Bank of […]

The average price of a resale home in Canada will fall by more than 10 per cent over the next couple of years, an analysis by TD Economics predicted Wednesday. Calling it a “moderate correction,” the report’s authors also say sales will decline by more than 15 per cent over the same period. “A combination […]

By Craig Wong, The Canadian Press OTTAWA – Businesses across the country are planning to kick their hiring into high gear over the next year, according to a Bank of Canada survey that found corporate Canada in a generally upbeat mood. “The balance of opinion on employment has risen to a record high level,” the […]

Jameson Berkow  Jul 4, 2011 Anyone hoping to buy a home with the help of Canada’s largest bank has until the end of Monday to get the best possible rate. On Tuesday, the Royal Bank of Canada will implement broad ranging rate hikes for its line of fixed-rate mortgages. With the sole exception of the six-month […]