Economic Indicators

As inflation inches closer to 3%, economists warn progress will stall this year

Economic Indicators

As inflation inches closer to 3%, economists warn progress will stall this year

New projections suggest inflation will return to 2% target in mid-2025 – six months longer than the central bank previously forecast

By Nojoud Al Mallees, The Canadian Press |July 14, 2023

3 min read

Statistics Canada says manufacturing sales up 1.2% at $72.9 billion in May

Economic Indicators

Statistics Canada says manufacturing sales up 1.2% at $72.9 billion in May

Chemical products and motor vehicles were winners, while primary metals fell

By The Canadian Press |July 14, 2023

1 min read

Shorter fixed-rate mortgages take spotlight as borrowers feel pinch of higher rates

Economic Indicators

Shorter fixed-rate mortgages take spotlight as borrowers feel pinch of higher rates

By January of this year, variable-rate mortgages had fallen to 16.7% of new and renewed mortgages, while 1-5 year fixed-rate mortgages constituted 64%

By Rosa Saba, The Canadian Press |July 14, 2023

4 min read

What the latest interest rate hike means for variable-rate mortgages

Economic Indicators

What the latest interest rate hike means for variable-rate mortgages

Here's a by-the-numbers look at payment amounts

By The Canadian Press |July 13, 2023

2 min read