Economy

Bank of Canada cuts rate to 0.25% in another unscheduled move

Governor Stephen Poloz downplayed the idea of sending interest rates into negative territory

By Staff, with files from The Canadian Press |March 27, 2020

2 min read

Canada can absorb ‘large, short-term negative shock,’ DBRS says

The rating agency maintained Canada's AAA sovereign rating

By James Langton |March 27, 2020

2 min read

Payroll data to show pandemic’s effects

StatsCan says it's monitoring the impacts on employment and earnings

By James Langton |March 27, 2020

1 min read

Federal deficit to exceed $112 billion in coming fiscal year: PBO

The report also predicts that the economy will contract by 5.1% this calendar year

By The Canadian Press |March 27, 2020

1 min read