Canada’s low unemployment rate is unsustainable, contributing to inflation: Macklem
Posted: Nov 11th, 2022In: ConstructionNewsTORONTO – Canada’s low unemployment rate is not sustainable and is contributing to decades-high inflation, Bank of Canada governor Tiff Macklem said during a speech in downtown Toronto Thursday. Speaking before students and researchers at Toronto Metropolitan University, the governor[...]
Read More about Canada’s low unemployment rate is unsustainable, contributing to inflation: MacklemBoC’s Macklem says he’s not backing down on rate hikes, even as recession fears grow
Posted: Oct 19th, 2022In: ConstructionNewsBank of Canada governor Tiff Macklem emphasized Friday (Oct. 14) that he has not changed his mind on interest rate hikes, even as expectations grow about a possible recession next year. Now is not the time to be[...]
Read More about BoC’s Macklem says he’s not backing down on rate hikes, even as recession fears growFormer BoC governor Stephen Poloz warns against entrenching inflation in expectations
Posted: Sep 27th, 2022In: ConstructionNewsBANFF, Alta. – Preventing current high inflation levels from becoming embedded into the public’s expectations is key if the country is to avoid falling into recession, former Bank of Canada governor Stephen Poloz said Thursday. Poloz, who was head of the bank for[...]
Read More about Former BoC governor Stephen Poloz warns against entrenching inflation in expectationsBank 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 forecastW shaped recovery would be ‘very severe’ without government assistance: CMHC
Posted: Jan 26th, 2021In: ConstructionNewsA W-shaped recovery from the COVID-19 pandemic could trigger a nearly 50 per cent drop in housing prices and a peak unemployment rate of 25 per cent, if the government doesn’t offer relief, says the[...]
Read More about W shaped recovery would be ‘very severe’ without government assistance: CMHCBank of Canada keeps key rate at 0.25 per cent, warns of economic decline in 2021
Posted: Jan 21st, 2021In: ConstructionNewsOTTAWA – The Bank of Canada says the national economy will go in reverse for the first quarter of 2021, hammering the hardest-hit workers again on the path to a recovery that rests on the rollout of vaccines. Workers in high-contact service industries[...]
Read More about Bank of Canada keeps key rate at 0.25 per cent, warns of economic decline in 2021