Bank of Canada delivers jumbo interest rate cutBank’s Governor hints that pace of cuts will likely slow going forward. Jobless rate holds steady at 6.5% in October amid weak hiringEconomists see weakness in the job market continuing in the short term before interest rate cuts spark a rebound in economic growth next year. Inflation is down, wages are up. Why are Canadians still frustrated with the economy? Household spending on a per-person basis is down. Bank of Canada delivers half percentage point rate cut This marked the central bank’s fourth consecutive interest rate cut since June. Annual inflation falls to 1.6% in September, smallest yearly increase since 2021 Bank of Canada says more interest rates cuts could be coming. Inflation, interest rates eroded Canadians' purchasing power since 2022: PBO report Households have experienced price increases of about 15% on a typical "basket" of goods and services. Ontario minimum wage to increase today Ontario joins four other provinces in increasing its minimum wage this October 1. Inflation expected to ease to 2.1%, lowest level since March 2021: economists Central bank has signalled a willingness to speed up cuts to its key lending rate if circumstances warrant. Younger Canadians missing payments on credit products: Equifax Equifax says one in every 17 Canadians aged 26-35 missed a credit payment. Canada’s inflation rate fell to 2.5% in July, lowest since March 2021 Grocery prices are now rising at a much more modest pace. First Previous 3 4 5 6 7 Next Last
