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Bank of Canada

World

Canada further tightens rules on temporary workers, students

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By Anna Mehler PapernyTORONTO (Reuters) - Canada is further reducing the number of study permits it will grant to foreign students and tightening eligibility...
Bussiness

Canada’s inflation rate hits 2% target, lowest level in more than three years

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OTTAWA — Inflation finally hit the Bank of Canada's two per cent target in August after a tumultuous battle with skyrocketing price growth, raising...
Bussiness

Bank of Canada governor raises prospect of faster rate cuts, FT reports

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(Reuters) -Bank of Canada Governor Tiff Macklem has opened the door to stepping up the pace of interest rate cuts, the Financial Times reported...
World

Canada is getting poorer when compared to its wealthy peers, data shows

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Canada is among the richest countries in the world — but when compared to peer countries like Australia, New Zealand and the United Kingdom, it...
Bussiness

Canada’s third-quarter growth seen much slower than Bank of Canada forecast

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By Promit MukherjeeOTTAWA (Reuters) - Canadian gross domestic product in the third quarter is likely to fall well short of the Bank of Canada's...
Bussiness

Bank of Canada governor urges Canada to reduce trade barriers amid supply chain risks

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Bank of Canada governor Tiff Macklem says Canada needs to seize opportunities to secure its place in the changing global trade landscape.In a speech...
Bussiness

ECB is poised to cut rates again in warm-up act for the Fed

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(Bloomberg) — The European Central Bank will probably cut interest rates on Thursday in a prelude to a US move the following week, as...
Bussiness

Recent immigrants shut out of strong wage growth as unemployment rises in Canada

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OTTAWA — Canada's unemployment rate continued to trend higher in August — reaching 6.6 per cent — as the job market slowdown hits workers...
Jobs

Canada Jobless Rate Jumps to Highest Since 2017 Outside Covid

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(Bloomberg) -- Canada’s unemployment rate jumped by more than expected, raising questions about whether the labor market is loosening at a pace that would...
Bussiness

Layoffs are on the rise: What economists say about the latest jobs numbers

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Canada’s unemployment rate rose 0.2 percentage points to 6.6 per cent in August as the economy was unable to generate enough jobs to keep...
Jobs

Canada’s unemployment rate climbs to 6.6% as labour market weakens

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Canada’s unemployment rate is climbing higher as tepid job creation is swamped by a historic surge in the population.The economy added 22,000 jobs in...
Bussiness

TSX futures fall ahead of US jobs data

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(Reuters) - Futures tied to Canada's main stock index slipped on Friday as investors adopted a cautious stance ahead of the crucial employment data...
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