Descrease article font size Increase article font size Consumers should expect some relief from rising interest rates this summer. Mark Parsons, chief economist for ATB, says while today’s announcement by the Bank of Canada that it’s holding its key interest rate at 5 per cent comes as no surprise, if current economic trends hold, he … Read more
Canada’s retail sales contracted a little less than expected in January, weighed down by lower goods prices and sales of motor vehicle and parts, data showed on Friday. Retail sales dropped by 0.3% in January after a 0.9% jump in December that was spurred by holiday season sales, Statistics Canada said. Analysts polled by Reuters … Read more
Bank of Canada Deputy Governor Toni Gravelle on Thursday said February’s inflation figures were “very encouraging”, adding the central bank would look at a broader set of data before its next interest rate announcement on April 10. The bank has raised rates to a 22-year high of 5% in a bid to curb inflation that … Read more