The Bank of Canada increased its policy rate by 75 basis points on Wednesday, bringing the overnight rate to 3.25%, and said that it would continue to reduce its balance sheet. The rate hike came as no surprise, with inflation still pervasive. While economic growth has moderated abroad and at ... READ MORE >
Canadian gross domestic product
After a strong recovery in Canada, economic headwinds set in
The Canadian economy has had a robust recovery from the lockdowns of the pandemic as pent-up consumer demand and generous government spending have fueled growth. But now with rising inflation, especially in food and energy prices, and a historically tight labour market, that growth is ... READ MORE >