Economic Indicators

BoC raises key interest rate, expects slower return to inflation target

Economic Indicators

BoC raises key interest rate, expects slower return to inflation target

Bank says rate hike to 5% was prompted by elevated demand, driven by strong consumer spending

By The Canadian Press |July 12, 2023

3 min read

As pandemic business loan repayment deadline looms, calls for extending deadline grow

Economic Indicators

As pandemic business loan repayment deadline looms, calls for extending deadline grow

Businesses that pay back their loans by the end of the year are eligible to have up to one-third of their loans forgiven

By Nojoud Al Mallees, The Canadian Press |July 11, 2023

3 min read

U.K. wages are rising at a record pace. That makes higher interest rates more likely

Economic Indicators

U.K. wages are rising at a record pace. That makes higher interest rates more likely

Expectations of higher borrowing rates are having a knock-on effect across lending markets

By Pan Pylas, The Associated Press |July 11, 2023

2 min read

Population growth the “wrinkle” in BoC’s inflation plan

Economic Indicators

Population growth the “wrinkle” in BoC’s inflation plan

A growing population has boosted spending and the housing market but could help tame wage inflation, reports say

July 11, 2023

2 min read