The U.S. Federal Reserve’s 50-basis-point interest rate cut on Wednesday is having ripple effects north of the border, with experts pointing to implications for both the Bank of Canada and Canadian mortgage holders. The Fed delivered an oversized step for its first interest rate cut in four years, a move that surprised many economists who…
A stronger-than-expected rebound in the Canadian economy, particularly from the housing market, could push the Bank of Canada to press pause on its rate cut cycle, according to new deliberations. And at least one central bank official is holding off on declaring victory over inflation, despite a return to the two per cent target. The…
Descrease article font size Increase article font size Fall is right around the corner and that means the elk that populate Alberta’s well-known parks are approaching the peak of their mating season. Parks Canada is urging people visiting Waterton Lakes National Park to be mindful of the animals’ behaviour. Just after dawn and right before…
Brominated vegetable oil, a food additive used in citrus-flavoured soft drinks, has now been banned in Canada, but consumers could still see it popping up on ingredient labels for one more year. Health Canada removed BVO from its list of permitted food additives on Aug. 30 after completing a safety assessment. “The outcome of the…
Annual inflation cooled sharply to two per cent in August, according to Statistics Canada, marking a major milestone in the Bank of Canada’s efforts to tame price pressures. That’s half a percentage point lower than the 2.5 per cent annual rate recorded in July and continues a general cooling trend through 2024. The last time…
By Jordan Prentice Global News Posted September 17, 2024 10:07 pm 1 min read Descrease article font size Increase article font size Within the traditional boundaries of Piikani Nation sits the Grassy Mountain coal mining project, a previously mined site that Northback Holdings has applied to the Alberta government for exploration and water diversion licenses….
Proposed changes to remove price caps and extend amortizations on insured mortgages will help renters break into the ownership market, Ottawa argues, but experts are raising flags about the impact on home prices. Proposals unveiled Monday, which one expert called “some of the most significant mortgage policy reforms that we have seen in many years,”…
Canada and the U.S. must work together to confront a surge of migrant encounters at their shared border, one expert says, particularly after a man was arrested in Quebec for planning to commit a terrorist attack in New York City. Keith Cozine, an associate professor of homeland security at St. John’s University in Queens, N.Y., says…
The Bank of Canada is set to get a fresh look at inflation figures this week as some economists expect another big step towards the central bank’s two per cent target. Statistics Canada will release consumer price index figures for August on Tuesday, coming off July when the annual rate of inflation cooled to 2.5…
Prime Minister Justin Trudeau took shots at the NDP on Friday for equivocating on the consumer carbon price, accusing Jagmeet Singh of caving to political pressure from Conservative Leader Pierre Poilievre. Speaking to reporters in Ste-Anne-de-Bellevue, Que., Trudeau blasted the NDP in response to a question about the upcoming byelection in Montreal, arguing that voters…
