By Nojoud Al Mallées Carolyn Rogers gave a speech Wednesday on the mortgage market to the Economic Club of Canada in Toronto. “We must resist the temptation to try to solve the housing affordability problem by tinkering too much with the mortgage market,” Rogers said in his prepared speech. The central bank official says improving … Read more
The six-member Council based the decision on clear signs that inflation had stabilized near target levels and emerging concerns about weak economic growth and slowing employment. According to the summary of the Governing Council’s deliberations at the October 23 rate meeting, “as members considered the benefits of reducing the policy rate by 25 basis points, … Read more
By Nojoud Al Mallées The central bank’s interest rate announcement Wednesday comes after Statistics Canada reported that the annual inflation rate fell to 1.6% in September, below the inflation target of 2 % of the Bank of Canada. Nathan Janzen, deputy chief economist at RBC, said the latest consumer price index report reinforced his expectations … Read more