Dawn Desjardins, chief economist at Deloitte Canada, talks to the Financial Post’s Larysa Harapyn about why economists think Canada will avoid a recession , the risks the economy faces and what it all means for Bank of Canada interest rates.
Making bank complaints...
Canadian consumers and businesses are less pessimistic about the future, suggest findings from the Bank of Canada released on Monday.
Consumers continue to feel the negative impacts of high inflation and interest rates and nearly two-thirds are cutting or postponing spending, according to the BoC’s quarterly survey...
TORONTO — Five things to watch for in the Canadian business world in the coming week:
Outlook survey
The Bank of Canada will release its latest business outlook survey and Canadian survey of consumer expectations on Monday. The report comes ahead...
OTTAWA — The federal government recorded a budgetary deficit of $25.7 billion as of the end of January for the current fiscal year.
The Finance Department says in its monthly fiscal monitor that the deficit between April and January compared...
BERLIN (AP) — When Sabine Thonke joined a recent demonstration in Berlin against Germany's far-right party, it was the first time in years she felt hopeful that the growing power of the extremists in her country could be stopped.
Thonke,...
TORONTO — A report commissioned by the Canadian Lenders Association estimates that lowering the maximum interest rate could lead to the loss of tens of thousands of jobs and billions of dollars in GDP.
The Ernst & Young LLP report...
The Liberal government is facing a tough fiscal position heading into the 2024 budget, according to new projections from the Parliamentary Budget Officer.
Ottawa is simultaneously dealing with rising debt costs and a slowing economy, both of which are fuelled by...
The Bank of Canada’s next rate-setting verdict is just six days away. Wake me up if something happens.
Borrowers should prepare for a whole bunch of nothing — at least when it comes to mortgage rates . The Bank of Canada remains in wait-and-see...
OTTAWA — The federal government will repurpose $10.5 billion over the next three years from the budgets of 69 departments, agencies and Crown corporations, Treasury Board President Anita Anand said Thursday.
The top-line numbers laying out which departments found savings...
OTTAWA (Reuters) -The Canadian government will prioritize creating the economic conditions in its next budget to allow for interest rates to come down from a 22-year high of 5%, Finance Minister Chrystia Freeland said on Tuesday.
"We definitely are conscious...