Inflation in Canada Hits 2% Target for First Time Since 2021
WEB8 hours ago · Inflation in Canada Hits 2% Target for First Time Since 2021. Avery Shenfeld, managing director and chief economist at CIBC Capital Markets, joins BNN Bloomberg to talk about central banks inflation is in focus. (Bloomberg) -- Inflation in Canada fell to the slowest yearly pace since February 2021 and core measures continued to ease, keeping ...
The Daily Chase: Canadian inflation has finally come down to 2%
WEB6 hours ago · Canadian inflation cools to lowest point since 2021. Canada’s annual inflation rate cooled to two per cent in August, Statistics Canada reported this morning. That’s down from 2.5 per cent in July and better than the consensus economist expectation of 2.2 per cent. It’s the lowest rate we’ve seen since February 2021, and bang on the ...
Statistics Canada to release August inflation figures today
WEB14 hours ago · OTTAWA — Statistics Canada is set to release its August consumer price index report this morning. Economists polled by Reuters are expecting the report to show prices rose 2.1 per cent from a year ago, down from a 2.5 per cent annual gain in July. Inflation has remained below three per cent throughout 2024, giving the Bank of Canada …
Mortgage rule changes will help spark demand, but supply is ...
WEB6 hours ago · TORONTO — One expert predicts Ottawa’s changes to mortgage rules will help spur demand among potential homebuyers but says policies aimed at driving new supply are needed to address the “core issues” facing the market. The federal government’s changes, set to come into force mid-December, include a higher price cap for insured ...
Business - BNN Bloomberg
WEB1 day ago · In fact, its benchmark interest rate is still pinned at a more than two-decade high. But up and down corporate America, at blue-chip businesses and those heavily burdened by debts, executives are turning to Wall Street to borrow cash at a blistering pace. It’s the sort of stampede expecte. September 05, 2024 at 5:42PM EDT.
Canada is on a path to get inflation under control, Stephen ...
WEB4 days ago · September 13, 2024 at 11:38AM EDT. Stephen Poloz, special advisor of Osler, joins BNN Bloomberg and takes a deep dive into Canada's economic stability. Former Bank of Canada Governor Stephen Poloz says “everything is going as it should” for Canada to get inflation under control. “We have a lot of downward pressure built up in …
The Daily Chase: Another all-time high for the TSX — but can ...
WEB4 days ago · TSX sets new all-time high: Canada’s benchmark stock index will open trading this morning at a new all-time high after gaining 263 points to close at 23,465 yesterday. Unlike the gains in the S&P that have mostly been driven by Big Tech this year, the TSX’s strengthening in the latter part of 2024 is a little more broad-based, with a number ...