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Canadian Dollar Soars on China Stimulus, USD/CAD Plunges to New Low

Business

26 Sep, 2024

Canadian Dollar Soars on China Stimulus, USD/CAD Plunges to New Low


The Canadian dollar CADUSD weakened against its U.S. counterpart on Wednesday, with the currency pulling back from an earlier six-month...

Canada's Inflation Rate Hits Target, Fueling Hopes for Larger Interest Rate Cuts

Business

18 Sep, 2024

Canada's Inflation Rate Hits Target, Fueling Hopes for Larger Interest Rate Cuts


Inflation finally hit the Bank of Canada's two per cent target in August after a tumultuous battle with skyrocketing price...

Canada's Inflation Rate Hits Bank of Canada's Target: Is A 50-Basis Point Rate Cut Looming?

World

17 Sep, 2024

Canada's Inflation Rate Hits Bank of Canada's Target: Is A 50-Basis Point Rate Cut Looming?


Canada's inflation rate fell to two per cent last month, finally hitting the Bank of Canada's target after a tumultuous...

Canada's Unemployment Rate Surges to 7-Year High: Is a Recession Looming?

Business

6 Sep, 2024

Canada's Unemployment Rate Surges to 7-Year High: Is a Recession Looming?


Canada's unemployment rate edged up to 6.6 per cent in August, scaling a peak last seen more than seven years...

Canadian Economy: What to Watch This Week

Business

4 Sep, 2024

Canadian Economy: What to Watch This Week


The Canadian business world is gearing up for a busy week, with several key events on the agenda that could...

Canadian Dollar Defies Bank of Canada's Rate Cuts, Options Traders Expect Even Bigger Rally

Business

4 Sep, 2024

Canadian Dollar Defies Bank of Canada's Rate Cuts, Options Traders Expect Even Bigger Rally


The Bank of Canada is expected to cut rates for the third consecutive time when it makes its interest rate...

Inflation Cools to Lowest Level in Three Years, Cementing Expectations for Another Rate Cut

World

20 Aug, 2024

Inflation Cools to Lowest Level in Three Years, Cementing Expectations for Another Rate Cut


Canada’s annual inflation rate fell to 2.5 per cent last month, matching economists’ forecasts and solidifying expectations for another interest...

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