Bank CEOs say higher rates starting to dampen growth despite economic buffers
Posted: Sep 8th, 2022In: ConstructionNewsTORONTO – 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[...]
Read More about Bank CEOs say higher rates starting to dampen growth despite economic buffersBank of Canada deputy says households may be more impacted by rise in interest rates
Posted: Nov 25th, 2021In: ConstructionNewsOTTAWA – 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[...]
Read More about Bank of Canada deputy says households may be more impacted by rise in interest ratesMore supply needed to ease housing price crunch, but always more to do, Freeland says
Posted: Apr 22nd, 2021In: ConstructionNewsOTTAWA – 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[...]
Read More about More supply needed to ease housing price crunch, but always more to do, Freeland saysBank of Canada keeps rate on hold, sees brighter economic outlook
Posted: Apr 21st, 2021In: ConstructionNewsOTTAWA – 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[...]
Read More about Bank of Canada keeps rate on hold, sees brighter economic outlookBank of Canada keeps key interest rate target on hold despite more upbeat forecast
Posted: Mar 11th, 2021In: ConstructionNewsOTTAWA – 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[...]
Read More about Bank of Canada keeps key interest rate target on hold despite more upbeat forecastBank of Canada monitoring hot housing market amid early warning signs: Macklem
Posted: Feb 25th, 2021In: ConstructionNewsOTTAWA – 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[...]
Read More about Bank of Canada monitoring hot housing market amid early warning signs: MacklemBank of Canada Shares Employment Recovery Outlook
Posted: Feb 23rd, 2021In: ConstructionNewsIn 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[...]
Read More about Bank of Canada Shares Employment Recovery OutlookCanadian banks, bellwethers of pandemic recovery, to reveal key statistics this week
Posted: Feb 22nd, 2021In: ConstructionNewsTORONTO – 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,[...]
Read More about Canadian banks, bellwethers of pandemic recovery, to reveal key statistics this week