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  1. 3 days ago · The consumer price index rose 2.9% in May from a year ago, up from 2.7% a month earlier, primarily due to higher prices for services, Statistics Canada reported Tuesday in Ottawa. That was faster ...

  2. 2 days ago · Canada’s economy is projected to grow just 0.9% this year, well below the estimated 2.3% growth in the US, according to a Bloomberg survey of economists. Canadian consumers are more sensitive to ...

  3. 10 hours ago · Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around ...

  4. Jun 5, 2024 · The Bank of Canada cut interest rates as it sees a soft landing on the horizon, making it the first Group of Seven central bank to kick off an easing cycle. Policymakers led by Governor Tiff Macklem lowered the benchmark overnight rate by 25 basis points to 4.75 per cent on Wednesday, as widely expected by markets and economists in a Bloomberg ...

  5. Jun 20, 2024 · Canadian homebuyers are increasingly opting for variable-rate mortgages as expectations build that policymakers are about to provide further relief on borrowing costs.

  6. Jun 5, 2024 · (Bloomberg) -- Bank of Canada Governor Tiff Macklem led the Group of Seven in lowering interest rates, and his confidence may help reassure other central banks that they can launch into cuts before the Federal Reserve.

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  8. Jun 18, 2024 · Canadas economy appears to be positioned for a rebound after experiencing weakness last year, but consumer spending is expected to be impacted by higher borrowing costs, tighter immigration policy and a softer labour market, according to a report.

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