Economy

BMO calls U.S., Canada recession in 2023

Bank hikes Fed forecast 75 bps, adds 25 bps to BoC call

By James Langton |September 23, 2022

2 min read

Statistics Canada says retail sales fell 2.5% to $61.3 billion in July

Gas sales dropped 14.2%

By The Canadian Press |September 23, 2022

2 min read

Loonie slides after Fed rate hike as investors retreat to safe haven of U.S. dollar

A lower loonie might make it harder for the Bank of Canada to stem inflation

By The Canadian Press |September 22, 2022

3 min read

Bank of England raises rates but avoids bolder hike like Fed

The bank matched last month's half-point increase to bring its benchmark rate to 2.25%

By Kelvin Chan, The Associated Press |September 22, 2022

4 min read