In August, inflation in Canada hits the central bank's 2% target.
Canada’s annual inflation rate reached the central bank’s 2% target in August, marking the lowest level since February 2021, according to data released on Tuesday. Core price measures, closely monitored by economists, also dropped to their lowest point in 40 months, with consumer prices falling 0.2
Bank of Canada cuts key interest rate to 4.25%
On Wednesday, the Bank of Canada implemented its third consecutive interest rate cut, lowering the key lending rate to 4.25 per cent. This quarter-point reduction was largely anticipated by experts due to ongoing economic weakness and declining inflation. Governor Tiff Macklem explained that the ce
Essential Tips for First-Time Home Buyers: A Guide to Your Dream Home
Buying your first home is a significant milestone, filled with excitement and anticipation. However, the process can also be overwhelming without the right guidance. As a first-time home buyer, it’s crucial to be well-prepared and informed. To help you on this journey, we’ve compiled a list of essen
Canada inflation cools to 40-month low of 2.5% in July
Canada's annual inflation rate dropped to a 40-month low of 2.5% in July, aligning with forecasts, while core inflation indicators also eased, according to data released on Tuesday. This trend supports the Bank of Canada's plan to reduce interest rates again in September. Money markets anticipate an
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