economic recovery

End of quantitative easing shadows Liberals’ consultation on managing federal debt

By:Building .caPosted: Nov 2nd, 2021In: ConstructionNews

Deputy Prime Minister Chrystia Freeland discusses Canada’s economic recovery in a virtual conversation hosted by the Canadian Chamber of Commerce on October 27, 2021. OTTAWA – The Bank of Canada’s move to end its pandemic-driven[...]

Bank of Canada warns on prolonged inflation, ends bond buying program

By:Building .caPosted: Oct 28th, 2021In: ConstructionNews

Bank of Canada Governor Tiff Macklem (photo: Bank of Canada @bankofcanada Twitter) OTTAWA – The Bank of Canada is warning inflation will stay higher for longer than it previously forecast and signalled that an interest rate hike may be[...]

Push to send vaccines to developing nations a global economic win: BoC chief

By:Building .caPosted: Oct 9th, 2021In: ConstructionNews

OTTAWA – The governor of the Bank of Canada pressed the case for COVID-19 vaccines to be sent to developing nations as part of a broader push to not only end the pandemic, but aid[...]

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[...]