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Report: 28 LI communities have million-dollar starter homes
The eye-opening report found 237 U.S. cities have a million-dollar price tag for the least expensive home in the area. Five years ago, Zillow said there were only 84 such cities.
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Bank of Canada drops key interest rate to 4.5%, hints more cuts coming
The Bank of Canada cut its key interest rate to 4.5 per cent Wednesday — its second rate cut since June. Governor Tiff Macklem says if inflation continues to drop, ‘it is reasonable to expect further cuts.’
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Manhattan Real Estate Sees Buyer's Market Shift with Falling Prices
Plus: Jerome Powell's cautious stance on rate cuts raises questions about their impact on residential vs. commercial property buying and lending.
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New home construction has slowed in Ontario. Here’s why
Construction began on 5,589 homes in Ontario last month, fewer than in any April since 2018. That’s putting Premier Doug Ford's government further off track from hitting its housing targets. As CBC’s Mike Crawley explains, industry...
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The Bank of Canada's growing list of worries
The Canadian economy is awash in contradictions. Progress has been made in the fight against inflation. The economy has dodged a recession. But unemployment is rising, consumer spending is expected to slow further and the Bank of Canada...
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Chill Out, Boomers: Young Consumers Really Have Faced a Tough Economy
Younger consumers are maxing out their credit as they deal with a tough economy, a Bankrate analyst explains.
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Millennials, Rejoice! Mortgage Rates Drop Again
If interest rate cuts materialize later in the year, rates heading towards 5% could start to unstick the stubborn housing market, this analyst says.
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Forget Inflation: American Consumers Want Travel and Experiences
Americans may be exhausted by inflation, but they aren't holding back when to comes to spending on travel and experiences.
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Hybrid Vehicle Sales Surge in 2023, Outpacing EV Growth in Early 2024
In 2023, hybrid vehicle sales rose by 53%, making up 9% of new car sales. EV sales grew by 35% in 2023 but only 7% in Q1 2024. What's driving this trend?
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Inflation cools to 2.7% annual rate in April
Canada's consumer price index cooled to 2.7 per cent in April, down from 2.9 per cent in March, led by a decline in the growth of food prices, Statistics Canada says.
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Don’t Overanalyze AMC and Gamestop Popping: ‘It’s Just a Game’
The return of ‘meme stocks’ don’t mean it’s time to panic about the stock market. If you want something to worry about… look no further than inflation.
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Macklem says 'there is a limit' on how much Canadian and U.S. rates can diverge
Bank of Canada governor Tiff Macklem says Canada can run its own monetary policy geared to what Canadians need, but noted that given the links to the U.S. economy, there's a limit to how much rates in the two countries can diverge.
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This Region Has the U.S. Beat When it Comes to Fighting Inflation
While the U.S. may slowly be on the path to lowering inflation (and therefore interest rates), Europe has thoroughly trounced America, putting it on the path to lower rates by this summer.
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Mark Your Calendars – Venture Capital Is Coming Back in 2025
You may have noticed fewer new venture capital-backed startups (like Airbnb or Uber). The market slowed to a crawl after 2021, but things are expected to take off again in 2025.
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Yes, the Economy Could *Still* Pull Off a Soft Landing
Inflation continues to tick slightly higher – but look beyond the ‘Magnificent Seven’ and you’ll see there are plenty of companies still doing well.
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Bank of Canada won’t speculate about cutting interest rates
The Bank of Canada is holding its key interest rate at 5 per cent, saying it needs to see sustained slowing of inflation before it will cut the rate. It is not ruling out a June cut.
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Bank of Canada holds interest rate at 5%
The Bank of Canada is holding its key interest rate at 5 per cent, saying it needs to see sustained slowing of inflation before it will cut the rate. It is not ruling out a June cut.
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The Broader Market Has ‘Tremendous Opportunity’
Chris McMahon discusses the Fed’s expected rate cuts, the housing market, and why he’s looking at regional bank stocks.
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'There will come a time' to cut rates — but it's not now, Macklem says
Bank of Canada Governor Tiff Macklem says progress is being made in tackling inflation, but stressed that the bank doesn't think this is the right moment to cut interest rates.
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Bank of Canada leaves interest rate unchanged, says it's too soon to cut
The Bank of Canada held its key interest rate at 5 per cent on Wednesday, with governor Tiff Macklem saying it was too soon for cuts. CBC News speaks with an economist and a couple who might be forced to sell their home if interest rates...
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Bank of Canada holds interest rate steady at 5%
High interest rates continue to push many Canadians to their financial limits, and the Bank of Canada is not helping. The central bank has held its overnight rate steady at five per cent.
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Inflation’s down. So where are the interest rate cuts?
After two years of aggressive interest rate hikes, inflation is seemingly back under control, causing many Canadians are starting to ask: Where’s the relief? CBC’s Peter Armstrong looks at whether the Bank of Canada has accomplished its...
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Inflation dropped to 2.9% in January
Canada's inflation rate dropped lower than expected in January — to 2.9 per cent from 3.4 per cent in December, but many consumers say they're still feeling financial pain.
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Inflation slowed to 2.9%, lower than expected
Canada's inflation rate dropped lower than expected in January — to 2.9 per cent from 3.4 per cent in December, but many consumers say they're still feeling financial pain.