Tag #Bank Of Canada

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Interest Rate Cuts Spur Homebuyer Interest, While Housing Market Shows Mixed Signals

The Bank of Canada's quarter-point interest rate cut to 2.5 percent has prompted predictions of renewed homebuyer interest, particularly among first-time buyers, although economic concerns remain; while most of Canada's housing market is stagnant, Winnipeg, St. John's, and Saskatoon are experiencing...

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36% Bias Score

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theglobeandmail.com
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Canadian Dollar Falls to Lowest Since August Amidst US Dollar Strength

The Canadian dollar fell for a fourth consecutive day against the US dollar on Thursday, reaching its weakest point since August 27, due to stronger-than-expected US services sector activity and anticipation of Canadian jobs data.

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12% Bias Score

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theglobeandmail.com
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Toronto Real Estate Market: Increased Supply Expected This Fall

The Toronto-area real estate market anticipates a surge in new listings this fall, driven by a return of unsold spring/summer properties and additional sellers entering the market, providing buyers with ample choices.

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24% Bias Score

Reduced Inequality
theglobeandmail.com
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Bank of Canada to Maintain 2% Inflation Target

The Bank of Canada will not change its 2% inflation target when its monetary policy framework is renewed in 2026, Governor Tiff Macklem announced Tuesday in Mexico City, citing the target's effectiveness in anchoring inflation expectations amid global uncertainty and supply chain disruptions.

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36% Bias Score

Reduced Inequality
theglobeandmail.com
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Bank of Canada Holds Rates Steady; Gen Z Prioritizes Retirement Savings

The Bank of Canada maintained its key interest rate at 2.75 percent for the third consecutive time, offering no relief to those facing mortgage renewals, while Gen Z prioritizes retirement savings over homeownership, and a Burlington property offers a unique, secluded living experience.

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32% Bias Score

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theglobeandmail.com
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CFIB Predicts Canadian Recession Amidst Trade Tensions

CFIB forecasts a Canadian recession with a 0.8% GDP decline in Q2 and Q3 2024, driven by low business confidence due to trade tensions and manufacturing weakness, impacting private investment and supply chains.

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40% Bias Score

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theglobeandmail.com
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Canada Housing Market Shows Regional Disparities Amidst Resurgence

Canada's housing market is experiencing a resurgence in sales, but prices vary significantly across regions, with Toronto and Vancouver declining while others see double-digit gains; the new Build Canada Homes agency aims to address affordability issues.

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28% Bias Score

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theglobeandmail.com
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U.S. and Canada Rate Cut Probabilities Rise

Money markets are pricing in increased odds of interest rate cuts in both the U.S. and Canada, driven by weakening labor market data and dovish statements from Federal Reserve officials.

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16% Bias Score

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theglobeandmail.com
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Canada's Q2 GDP Contraction Increases Odds of Bank of Canada Rate Cut

Canada's economy contracted by 1.6% annualized in Q2, exceeding expectations and increasing market-implied odds of a Bank of Canada rate cut from 40% to 47% for their September 17 meeting.

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16% Bias Score

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aljazeera.com
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Canada Sheds 40,800 Jobs in July Amidst US Tariffs

Canada's economy lost 40,800 jobs in July, reversing June's gains and pushing the employment rate to a eight-month low of 60.7 percent; tariffs imposed by the US are cited as a key factor impacting manufacturing and construction.

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36% Bias Score

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theglobeandmail.com
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Bank of Canada Holds Interest Rates Steady Amid US Trade Uncertainty

The Bank of Canada held its key interest rate at 2.75 percent on Wednesday, citing uncertainty around US tariffs but noting Canada's better-than-expected resilience; three economic scenarios were presented, ranging from de-escalation to a recession, depending on trade negotiations.

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40% Bias Score

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theglobeandmail.com
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Canada's Inflation Hits 1.9% in June

Canada's annual inflation rate rose to 1.9 percent in June, driven by increases in automobile and clothing prices, meeting analysts' expectations and likely eliminating any chance of an interest rate cut by the Bank of Canada later this month.

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24% Bias Score

Reduced Inequality

Showing 1 to 12 of 33 results