Inflation in Canada continues to slow, reaffirming BOC’s rate pause
Posted: Mar 22nd, 2023In: ConstructionNewsOTTAWA – Canada’s annual inflation rate continued to slow last month, reaffirming the central bank’s decision to hold its key interest rate steady. In its latest consumer price index report released Tuesday, Statistics Canada said the country’s inflation rate[...]
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Canada’s annual inflation rate slowed in January, serving good news for the BoC
Posted: Feb 22nd, 2023In: ConstructionNewsOTTAWA – The annual inflation rate slowed more than expected in January, suggesting the Bank of Canada is likely content with its decision to pause rate hikes as price pressures continue to ease. In its consumer price index report[...]
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Toronto’s housing plan could take years to improve affordability for renters: experts
Posted: Dec 20th, 2022In: ConstructionNewsToronto’s recently approved housing plan is a good step forward but it could take years before the increase in supply makes renting more affordable in the city, urban planners and experts say. Toronto city council[...]
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Renting increased by three times the rate of home ownership in last decade: RBC
Posted: Dec 12th, 2022In: ConstructionNewsTORONTO – Royal Bank of Canada economists say the country has reached a record number of renters as the number of people renting has increased at three times the rate of homeowners in the past[...]
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Canada’s National Housing Strategy: Is it really addressing homelessness and affordability?
Posted: Nov 19th, 2022In: ConstructionNewsIn Canada, just over 10 per cent of households live in housing that is unaffordable, unsuitable or inadequate, and they cannot afford alternative housing in their community. THE CANADIAN PRESS/Darryl Dyck Jacquie Gahagan, Mount Saint[...]
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Economists see signs of inflation easing, despite annual rate holding steady
Posted: Nov 17th, 2022In: ConstructionNewsOTTAWA – Canada’s annual inflation rate held steady in October, but economists say it’s trending in the right direction. In its latest consumer price index report, Statistics Canada said the country’s annual inflation rate was 6.9 per cent[...]
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Canada’s hotter than expected inflation reading sets stage for another rate hike
Posted: Oct 21st, 2022In: ConstructionNewsOTTAWA – Canada’s latest reading on inflation came in hotter than expected as the cost of groceries continued to climb at the fastest pace in decades, setting the stage for another sizeable interest rate hike next week. In[...]
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Former 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[...]
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Canada’s inflation rate cools in August but grocery prices continue to climb
Posted: Sep 24th, 2022In: ConstructionNewsOTTAWA – Canada’s annual inflation rate slowed to 7.0 per cent in August largely driven by the price of gasoline falling, but the cost of groceries continues to climb. In its latest monthly consumer price index (CPI) report, Statistics Canada said grocery[...]
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Economic stimulus should have stopped earlier to tame inflation, Bank of Canada says
Posted: Sep 22nd, 2022In: ConstructionNewsOTTAWA – Bank of Canada deputy governor Paul Beaudry said in hindsight, governments and central banks should have withdrawn stimulus measures earlier as economies recovered from the COVID-19 pandemic, which likely would have kept a lid on inflation. In[...]
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