Economy

Average rate on a 30-year mortgage in the U.S. hits 6.44%

Mortgage buyer Freddie Mac says average is at highest level in 8 weeks — up from 6.32% last week

By Alex Veiga, The Associated Press |October 17, 2024

2 min read

PBO projects deficit exceeded government’s $40B pledge

Liberals won't say if they'll meet target

By Nojoud Al Mallees, The Canadian Press |October 17, 2024

2 min read

European Central Bank cuts interest rates again

Seeing no signs of recession, bank’s rate-setting council lowers benchmark rate from 3.5% to 3.25% — its third reduction since June

By Pan Pylas, The Associated Press |October 17, 2024

3 min read

As rates ease, Ontario to lead growth rebound: CIBC

Provinces hard hit by higher rates forecast to drive recovery

By James Langton |October 16, 2024

1 min read