The federal government says it wants to explore bringing longer-term mortgages like those seen in the United States to Canada. Here's why that might be challenging.
The Fed has explained its moves by describing them as a 'recalibration' of the ultra-high rates that were intended to tame inflation, which reached a four-decade high in 2022.
The Liberal government’s fall economic statement arrived in a cloud of controversy Monday after Chrystia Freeland’s abrupt resignation as the minister of finance.
Even after a second consecutive 50-basis-point interest rate cut on Wednesday, some experts warn fixed mortgage rates in Canada will not move materially lower.
The Bank of Canada is gearing up for its final interest rate decision of 2024. Here's what role a flagging Canadian dollar might play in the central bank's thought process.
Finance Minster Chrystia Freeland said Friday that she will deliver a fall economic statement this year. Time is running short on days left before Parliament rises for holidays.
The November jobs figures are the final major economic data release before the Bank of Canada makes its last interest rate decision of the year on Dec. 11.
Both RBC and National Bank of Canada reported a boost in their fourth-quarter earnings on Wednesday, powered in part by growth in their wealth management businesses.
Scotiabank kicked off earnings season for Canada's big banks with a fourth-quarter profit boost as it set aside a smaller amount for bad loans compared with a year ago.
The Canadian economy underperformed the Bank of Canada's call for 1.5 per cent annualized growth in the third quarter, and per-capita GDP fell for a sixth consecutive quarter.