Economy

Federal government extends foreign buyer ban on Canadian homes to 2027

The government said it knows Canada's housing challenge won't be solved by the end of 2024

By Mickey Djuric, The Canadian Press |February 5, 2024

2 min read

Business, consumer insolvencies rise in December

Surge reflects struggle with pandemic debt, higher interest rates

By The Canadian Press |February 2, 2024

1 min read

Bank of England is edging toward interest rate cuts — but not quite yet

U.K.'s central bank kept its main interest rate at a near 16-year high of 5.25% on Thursday

By Pan Pylas, The Associated Press |February 1, 2024

3 min read

Interest rates not to blame for housing crisis, Macklem says

Bank of Canada governor addressed MPs on the finance committee on Thursday

By Nojoud Al Mallees, The Canadian Press |February 1, 2024

2 min read