Economic conditions are there to support a rate cut, Freeland says

financialpost.com Economic conditions are there to support a rate cut, Freeland says "Inflation has come down to its lowest point in three years," she said. "That is real progress" Get the…

Hot U.S. inflation signal throws Bank of Canada a curveball

financialpost.com The Bank of Canada‘s upcoming interest rates decision just got more complicated after United States economic data out this week showed growth slowed while inflation remained…

Another hold on interest rates risks further damage to the economy

financialpost.com Another hold on interest rates risks further damage to the economy Share this Story : Another hold on interest rates risks further damage to the economy David Rosenberg…

TD Bank ordered to overhaul risk controls, Canada’s inflation rate slows and Gildan’s board resigns: Must-read business and investing stories

theglobeandmail.com Getting caught up on a week that got away? Here’s your weekly digest of the Globe’s most essential business and investing stories, with insights and analysis from the pros,…

Bank of Canada says June interest rate cut 'within the realm of possibilities'

financialpost.com The Bank of Canada left the key overnight interest rate at five per cent Wednesday, but governor Tiff Macklem said a June cut was “within the realm of possibilities.” We…

Posthaste: Canada's job market could be in worse shape than we thought

financialpost.com Last month we got a surprise. A gain of 25,000 jobs was expected, but instead the economy lost 2,200 jobs and the unemployment rate shot up to 6.1 per cent, the highest in…

Bank of Canada says net loss narrowed to $934 million in first quarter

financialpost.com Bank of Canada says net loss narrowed to $934 million in first quarter Losses were down from the $1.51-billion shortfall the central bank recorded last year Get the latest…

Bank of Canada says nation's renters showing signs of financial strain

financialpost.com The Bank of Canada is raising concerns about the impact of higher interest rates on renters while acknowledging that, even as most households appear to be managing increased…

Opinion: It’s time for a June interest-rate cut. Here’s one more reason

theglobeandmail.com Kevin Yin is a contributing columnist for The Globe and Mail and an economics doctoral student at the University of California, Berkeley. This week’s inflation numbers were…

Posthaste: Canadian dollar 'caught in the crosshairs' could slip below 70 cents

financialpost.com With the Fed in no hurry to cut rates while other countries near the finish line, the U.S. dollar has surged in the past four months. “With markets punting out Fed cuts but…

Banking regulator warns high interest rates remain the most pressing risk for the year ahead

theglobeandmail.com Canada’s banking regulator is warning that high interest rates and market uncertainty will continue to strain homeowners, consumers and businesses, prompting banks to adjust…

OSFI flags mortgage renewals and real estate lending as top financial risks

financialpost.com Canada’s top bank regulator says the biggest red flags on the country’s financial horizon over the next year are real estate secured lending and mortgage risks. We…

Canada's inflation rate falls for fourth straight month

financialpost.com Canada’s annual rate of core inflation eased for a fourth straight month, bolstering a case for policymakers to begin an easing cycle in the coming months, but a slight…

Inflation cools to 2.7% in April, increasing odds of a summer interest rate cut

theglobeandmail.com Canada’s inflation rate is cooling and bespoke measures of consumer price growth are also on the wane, bolstering the case for the Bank of Canada to start cutting interest…

Economists to have a close eye on April inflation report as BoC rate decision nears

theglobeandmail.com Forecasters expect this week’s inflation report to show Canada’s inflation rate fell last month, but financial markets are still unsure whether a June interest rate cut is…

Live updates: Statistics Canada to release its April inflation report today

theglobeandmail.com The latest on inflation in Canada Statistics Canada will publish its April inflation report at 8:30 a.m. ET. The consensus estimate on Bay Street is that the Consumer Price…

Are Canada's big banks just playing it safe or is there more trouble ahead?

financialpost.com Are Canada’s big banks just taking their usual conservative approach or are there signs of more trouble ahead in the sector? We apologize, but this video has failed to load.…

David Rosenberg: Time for Macklem to turn before it's too late

financialpost.com In contrast to the United States Federal Reserve, the Bank of Canada is running out of excuses to keep from acting as the proverbial deer in the headlights. The economy here…

The winners and losers as the loonie keeps flying south

financialpost.com The Canadian dollar looks set to take a dive this summer, or at least to remain weak for some time to come. We apologize, but this video has failed to load. tap here to see…

Posthaste: Over half of Canadians would pay more to support small grocers

financialpost.com The survey, which interviewed 1,000 Canadians, found that 58 per cent would choose to pay more for items and services in order to support a local grocery store with less…

David Rosenberg: Why the Bank of Canada needs to start cutting rates … Now

financialpost.com The most important inflation metric, the CPIX, which excludes the eight most volatile segments of the index, is running at 2.1 per cent on a year-over-year basis. That is…

Canadian dollar winning streak ends as market digests recent gains

theglobeandmail.com The Canadian dollar CADUSD edged lower against its U.S. counterpart on Thursday as the recent rally lost some momentum and investors assessed economic for signs the U.S.…

CIBC’s Benjamin Tal was one of the few to correctly predict the BoC’s rate moves so far this year. Here is what he’s forecasting now

theglobeandmail.com Major North American equity indexes are at or near record highs. With the earnings season largely behind us, investors will be focusing on economic data and announcements by…

Bank of Canada warns of systemic risk as hedge funds ramp up borrowing to profit from falling rates

theglobeandmail.com Shortly after the Bank of Canada released its latest financial stability report last week, Brian D’Costa started getting calls from worried clients. They were concerned…

Posthaste: This cratering GDP number has only ever been seen during a recession

financialpost.com Statistics Canada data released Tuesday showed the economy grew 0.2 per cent for the month — below analysts’ estimates of 0.3 per cent and StatsCan’s own advanced forecast…

Posthaste: The Bank of Canada should watch this 'hurdle' to rate cuts like a hawk

financialpost.com Bank of Montreal’s chief economist Douglas Porter called the back-pedalling on a June cut “kneejerk,” in a note last Friday, though he did acknowledge the surprise addition…

Pressure building on Bank of Canada: What economists say about slowing GDP

financialpost.com Statistics Canada is predicting gross domestic product growth will be flat in March after data released Tuesday showed the Canadian economy slowed more than expected in…

‘Welcome news’ on inflation raises odds Bank of Canada will cut interest rate in June

financialpost.com Canada’s inflation rate picked up slightly in March to 2.9 per cent from 2.8 per cent in February, Statistics Canada said Tuesday, but the consumer price index (CPI) release…

Canada's inflation rate ticks up to 2.9% on higher gas prices

financialpost.com “We’re almost there, with just one more step to go,” Canadian Chamber of Commerce senior economist Andrew DiCapua said in response to the data release. Statistics Canada…