Economy

Speculators drive housing demand in GTA, but who will help?

The Bank of Canada’s governor says there is increasing evidence of speculation in Toronto’s hot housing market, where the average price of a detached house has surpassed the $1.5-million mark. Read: Why the BoC sees just 1.8% growth in 2019 Stephen Poloz says demand is being driven more by speculators or investors, rather than by […]

By Staff, with files from The Canadian Press |April 12, 2017

3 min read

Why the BoC sees just 1.8% growth in 2019

Demographics underpin a growth slowdown in the coming years.

By Simon Doyle |April 12, 2017

3 min read

BoC holds benchmark rate, cites weakness

Despite a growing economy, the Bank holds steady because of soft investment and wages.

By Staff, with files from The Canadian Press |April 12, 2017

2 min read

Oil recovery fragile despite rising commodities index

Commodities benefit from a stronger economic outlook, but oil inventories remain high.

By Staff |April 12, 2017

2 min read