Tag: inflation
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Canadian Families Expected to Pay $1,000 More for Groceries in 2026, New Report Warns
Canadian households should brace for another year of rising food costs, with the latest Canada’s Food Price Reportforecasting that grocery bills will climb again in 2026. The annual report – released by Dalhousie University alongside researchers from universities nationwide – estimates that the average family of four will spend an additional $1,000 next year just to buy the…
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Bank of Canada Cuts Interest Rates Again as U.S. Tariffs Shake Canadian Economy
The Bank of Canada has cut interest rates to 2.25%, its second consecutive drop, as U.S. tariffs and trade tensions weigh heavily on Canada’s economy.
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Bank of Canada Holds Interest Rate at 2.75% Amid Global Trade Uncertainty (July 2025 Update)
The Bank of Canada has announced it is holding its key policy interest rate steady at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. This decision comes in response to persistent global trade tensions, rising cost pressures, and slower economic growth both in Canada and abroad. 🔍 Why Is the…
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Canadian Home Prices Have Risen Nearly 7x Faster Than Wages Since 1981
A new report confirms what many Canadians have felt for years: real estate prices have far outpaced wages, making homeownership increasingly out of reach for younger generations. According to Statistics Canada and data compiled by Better Dwelling, real home prices in Canada increased by over 163% from 1981 to 2024, while median real wages for…
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Bank of Canada Expected to Hold Rates at 2.75% This Wednesday- More Cuts Likely in 2025
Canada’s central bank is widely expected to hold interest rates at 2.75% this Wednesday, with economists predicting at least two more cuts before the end of 2025. According to a recent Reuters poll, over 75% of economists surveyed (20 out of 26) believe the Bank of Canada (BoC) will keep rates steady as it waits…
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85% of Canadians Now Living Paycheque to Paycheque, Says H&R Block Survey
Rising costs of living put increasing pressure on household finances across Canada A new survey from H&R Block Canada reveals a sobering financial reality for many Canadians: 85% of respondents say they are living paycheque to paycheque in 2025, a steep increase from 60% reported in a similar study conducted in 2024. The findings underscore…
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Canadian Household Debt Surpasses $3 Trillion, Fueled by Mortgage Growth
Debt is rising twice as fast as in 2019 – with mortgages driving the surge Canadian households have officially crossed a new milestone: total credit market debt exceeded $3 trillion for the first time in the fourth quarter of 2024, according to Statistics Canada. Despite high interest rates and weak home sales, borrowing remains strong…
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How Canada’s Latest Inflation Report Is Changing Rate Cut Expectations
Expectations for a June interest rate cut by the Bank of Canada have cooled significantly following the release of April inflation data. While headline inflation fell to 1.7%, the Bank’s preferred core inflation measures rose above 3%, challenging the case for an immediate policy move. Just one week ago, markets placed the odds of a…
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Canada’s Big Banks Weigh In: Will the Bank of Canada Cut Interest Rates on April 16?
With the Bank of Canada’s (BoC) next interest rate announcement scheduled for April 16, 2025, uncertainty is running high. Economists remain divided on whether the BoC will hold or cut the policy rate for the eighth time since June 2024, as global trade tensions and domestic economic signals collide. As of the last cut on…
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Experts predict a 0.25% rate cut from the Bank of Canada on Jan 29 2025
As the new year begins, Canadians are eagerly anticipating the Bank of Canada’s (BoC) first interest rate announcement of 2025. Scheduled for January 29, this update is expected to reveal key insights into the central bank’s strategy to address ongoing economic challenges. Experts are already weighing in on what to expect. Reflecting on the Final…
Canada Housing Market 