Economy

Retail sales up strongly in December as Americans showed continued willingness to spend

The report suggested that shoppers will be able to keep fuelling economic growth this year

By Anne D'innocenzio, The Associated Press |January 17, 2024

3 min read

Canada’s annual inflation rate accelerates to 3.4% in December, complicating path for BoC

The Bank of Canada is expected to hold its key interest rate at 5% next week

By Nojoud Al Mallees, The Canadian Press |January 16, 2024

3 min read

Top Federal Reserve official says inflation fight seems nearly won, with rate cuts coming

Member of the Fed's board of governors noted that inflation is slowing even as growth and hiring remain solid

By Christopher Rugaber, The Associated Press |January 16, 2024

3 min read

Home sales expected to rebound as rate cuts begin, but experts urge caution

Meanwhile, asking rents jumped 8.6% in December to hit record $2,178

By Sammy Hudes, The Canadian Press |January 15, 2024

4 min read