The Canadian economy expanded at an annualized rate of 1.7% in the first quarter of 2024, missing forecasts. Real gross domestic product (GDP) likely saw a 0.3% monthly growth in April after the economy stalled in March.
The Canadian economy expanded at an annualized rate of 1.7% in the first quarter of 2024, missing forecasts. Real gross domestic product (GDP) likely saw a 0.3% monthly growth in April after the economy stalled in March.
Canada's mortgage market has long been praised for its stability and resilience, and this is reflected in the country's low mortgage arrears rate compared to other advanced economies. While there have been some recent signs of rising mortgage defaults, Canada's overall performance in th...
On June 5, 2024, the Bank of Canada (BoC) made a significant move by cutting its key interest rate from 5.0% to 4.75%. This decision marks the first rate cut since March 2020 and signals a shift in the country's monetary policy. The rate cut is expected to have far-reaching implications for business...