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In a series of aggressive moves since March 2022, the Bank of Canada has been consistently raising interest rates from a mere 0.25% to five percent. The escalation in rates was primarily a response to...
Canadian retail sales experienced a 0.1% drop to 66.08 billion Canadian dollars ($48.16 billion) in August, the first decline in five months, according to Statistics Canada. Despite this downturn,...
Canadian inflation slowed to an annualized 3.8% in September, marking the end of a two-month surge in price pressures across sectors such as travel services, durable goods, and groceries, according to...
In a surprising turn of events, Canada's inflation rate experienced a slowdown last month, primarily due to slower increases in grocery prices and a substantial drop in airfare prices. This...
Canadian business sentiment has plummeted to its lowest point since the Covid-19 recession, according to recent surveys conducted by the Bank of Canada. The bank's business outlook indicator marked a...
Nicolas Vincent, in his inaugural speech as Deputy Governor of the Bank of Canada, voiced concerns about the nation's evolving pricing behavior in the face of robust consumer demand on Tuesday....
By Steve Scherer OTTAWA (Reuters) -Canadian Sikhs are grateful to Prime Minister Justin Trudeau for giving voice to their fears and standing up to India at the risk of severe backlash from New Delhi,...
Canada's current economic struggles are expected to ease by the second half of next year, according to a new forecast from Deloitte Canada. The report, released on Thursday, predicts a return to...
The British Pound (GBP) concluded last week on a downbeat note due to a significant contraction in the U.K.'s service sector, which accounts for over 70% of the country's GDP, according to recent...
The Bank of Canada's increased interest rates appear to be tightening household budgets, leading to a decline in consumer spending. Preliminary data from Statistics Canada showed a 0.3% decrease in...
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