Primary Country (Mandatory)

United States

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
English
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
English
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
CNN
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
AajTak
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
Kenneth Cole REACTION Mens Jeans Slim Fit Buy Now
Monitech Digital Camera for Photography 4K Buy Now
Men's V-Neck Sweater Buy Now
ZENOTTIC Polarized Sunglasses Buy Now
COOFANDY Men's Linen Shirt Buy Now
Retractable 3A Multi Charging Cord Buy Now
Superior Milford Buy Now
Straight Leg Jeans for Women Buy Now
Chantomoo Women's Corduroy Slippers Buy Now
Sunzel Flare Leggings Buy Now
Pimple Patch for Face Buy Now
Gold Bracelets for Women, 14k Stackable Bangle Cuff Buy Now
Crystal Rhinestone Statement Necklace Buy Now
Women's Stretch High Waist Ruched Bodycon Buy Now
JW PEI Jana Shoulder Bag Buy Now
OQQ Women's 2 Piece Skirts Buy Now
High-Waisted Chiffon A-Line Skirt Buy Now
Men's Blazer Casual Slim Fit Buy Now
Men's Softshell Hooded Jacket Buy Now
Blazer Casual Sport Coats Buy Now
MoreBack to News Headlines
Housing prices are ‘conundrum’ for Bank of Canada, National Bank’s Marion says

Housing prices are ‘conundrum’ for Bank of Canada, National Bank’s Marion says

BNN Bloomberg
Thursday, November 30, 2023 1:08 AM GMT

Canadian house prices that remain elevated due to record population growth — but despite restrictive monetary policy — complicate the Bank of Canada’s inflation fight, a top economist said.

Canada’s annual gains of 1 million residents last year and in 2023, which is the equivalent of the U.S. adding 20 million people over that two-year period, worsen housing deficits and keep shelter prices and inflation high, according to Stefane Marion, chief economist and strategist at National Bank of Canada.

High housing prices and inflation mean the Bank of Canada will likely only be able to cut interest rates by a “modest” 100 basis points in 2024, from five per cent currently, because keeping price gains below three per cent “will be a challenge,” Marion said Wednesday at the Bloomberg Canadian Finance Conference. 

“Home prices are stickier, and that’s a conundrum for the central bank because they were assuming that with higher rates home prices will actually come down,” Marion said. “Population growth is good down the road, but the capacity constraint pushes inflation higher.”

Read full story on BNN Bloomberg
Share this story on:-
Run 3 Space | Play Space Running GamePlay Run 3, the ultimate space tunnel running game with 300+ challenging levels!Adv.
Traffic Jam 3D | Online Racing GameTraffic Jam 3D is a game where you’ll be driving through heavy traffic.Adv.
Duck Hunt | Play Old Classic GamePlay the classic 1984 light gun shooter game Duck Hunt on your browser.Adv.
More Related News
Parking Slot | Free Parking GamePlay Parking Slot, the best online 3D car driving and parking game.Adv.
Slope Ball Run - Play OnlineSlope Game takes you on an exciting journey of a ball on special paths.Adv.
© 2008 - 2025 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us