Economy

Canada’s trade deficit shrinks in July

Canada’s merchandise trade deficit with the world shrank in July, and the country’s trade surplus with the U.S. grew to its largest since 2008. Canada’s trade deficit was $114 million in July, down from $743 million the previous month, reports StatsCan. The July deficit is the smallest since the most recent surplus in December 2016. […]

By Staff |September 5, 2018

2 min read

BoC holds interest rate, but data ‘reinforce’ view more hikes needed

The Bank of Canada left its interest rate unchanged Wednesday in what could be just a brief pause along its gradual path to higher rates. The central bank kept its benchmark at 1.5%—but many experts have predicted it could introduce another increase as early as next month. In a statement Wednesday, the Bank of Canada […]

By Staff, with files from The Canadian Press |September 5, 2018

3 min read

Still room for optimism in this bull market

Many investors are concerned with the length of the current economic expansion

By Sharon Ho |September 5, 2018

3 min read

Housing affordability worsens for 12 straight quarters: National Bank

Canadian housing was less affordable in Q2 for the twelfth straight quarter as mortgage interest rates continued to rise, National Bank said on Tuesday. The decline in affordability affected seven out of 10 urban markets, the bank’s Housing Affordability Monitor said, as mortgage interest rates rose for the fourth consecutive quarter. Victoria and Quebec City had the worst deteriorations […]

By Staff |September 4, 2018

1 min read