Daily News

Central bank reduces benchmark rate to 4.5%The Bank of Canada on Wednesday cut its interest rate by 25 basis points for a second time in a row, citing a pullback in household spending on both consumer goods and housing as a reason to bring the rate down to 4...

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss the July Monetary Policy Report (MPR) and today’s policy announcement. Today, we lowered our policy interest...

Monetary policy is working to reduce price pressures in the Canadian economy. Core inflation is expected to ease gradually, while the path of CPI inflat...

The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. The...

Debt has become unmanageable for half of Canadians, polls suggest We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Many indebted Canadians think Bank of Canada intere...

Even a used electric vehicle is not cheap in this country, yet China appears to have no problem churning them out Get the latest from Gabriel Friedman straight to your inbox Sign Up Tesla Inc. chief executive Elon Musk has promised to deliver a cheape...

The new capital will be used to expand in 130 countries and AI investments Get the latest from Barbara Shecter straight to your inbox Sign Up Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affil...

Watch Derek Holt on the Bank of Canada's next rate decisionDerek Holt, vice-president and head of capital markets economics at the Bank of Nova Scotia, talks with Financial Post’s Larysa Harapyn about how the Bank of Canada‘s policy interest rate will be at...

Canada is weaker than before and Trump will take advantage of that and moreThe outcome of the U.S. Presidential race is up in the air, but the ramifications for Canada of a Trump victory are dire. We apologize, but this video has failed to load. Try refr...

The company reported that it had $25.3 billion debt as of March 31Trans Mountain Corp. plans to borrow in the bond market to refinance some of its outstanding debt ahead of the Canadian government’s eventual sale of the oil pipeline operator, according to pe...