banks - Fix Team

Bank CEOs say higher rates starting to dampen growth despite economic buffers

By:Building .caPosted: Sep 8th, 2022In: ConstructionNews

TORONTO – The heads of Canada’s biggest banks say rising interest rates are starting to have their intended effect of slowing demand but that for now they continue to notch growth. Speaking at an investment conference in Toronto on[...]

Bank of Canada deputy says households may be more impacted by rise in interest rates

By:Building .caPosted: Nov 25th, 2021In: ConstructionNews

OTTAWA – A senior official at the Bank of Canada says the number of highly indebted households appears to be back on the rise as pandemic aid from governments winds down. In a speech to a conference held by the Ontario[...]

More supply needed to ease housing price crunch, but always more to do, Freeland says

By:Building .caPosted: Apr 22nd, 2021In: ConstructionNews

OTTAWA – Finance Minister Chrystia Freeland says the country needs a boost in the supply of housing to help make prices more affordable, but suggests there may be other steps governments can take. Speaking at a virtual[...]

Bank of Canada keeps rate on hold, sees brighter economic outlook

By:Building .caPosted: Apr 21st, 2021In: ConstructionNews

OTTAWA – The bank of Canada provided a rosy revision to its economic outlook Wednesday but kept its key rate at 0.25 per cent in a sign that it won’t count its chickens before they hatch. The improving conditions[...]

Bank of Canada keeps key interest rate target on hold despite more upbeat forecast

By:Building .caPosted: Mar 11th, 2021In: ConstructionNews

OTTAWA – The Bank of Canada kept its key interest rate on hold Wednesday even as it said it now expects the economy will grow over the first three months of this year, an about-face from its previous forecast just weeks[...]

Bank of Canada monitoring hot housing market amid early warning signs: Macklem

By:Building .caPosted: Feb 25th, 2021In: ConstructionNews

OTTAWA – Bank of Canada governor Tiff Macklem says the central bank is seeing early signs that people may be purchasing homes solely because they believe prices may go up. Macklem says rising prices in[...]

Bank of Canada Shares Employment Recovery Outlook

By:Building .caPosted: Feb 23rd, 2021In: ConstructionNews

In a speech today to chambers of commerce in Calgary and Edmonton, Bank of Canada Governor Tiff Macklem discussed how the economy and jobs could be different after the COVID-19 pandemic and what we can do to[...]

Canadian banks, bellwethers of pandemic recovery, to reveal key statistics this week

By:Building .caPosted: Feb 22nd, 2021In: ConstructionNews

TORONTO – Canada’s biggest banks will report their quarterly financial results this week, and analysts say they will be listening for hints as to how bank executives view the economic recovery from COVID-19. John Aiken,[...]