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Another rate hike coming: Stats Can

Darpan News Desk The Canadian Press, 15 Aug, 2023 10:04 AM
  • Another rate hike coming: Stats Can

The inflation rate rose to 3.3 per cent in July, a development that economists warn spells bad news for the Bank of Canada.

Forecasters say the latest report raises the odds of an interest rate hike next month, despite other signs of economic softening, including rising unemployment.

B-MO chief economist Douglas Porter still expects the Bank of Canada will stay on the sidelines but he says the inflation figures will make it a tougher call.

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Union wants national transit safety task force

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Union wants national transit safety task force

U.S., Canada unveil details of new Nexus scheme

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U.S., Canada unveil details of new Nexus scheme

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66 more potential graves at former B.C. school

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Famed Canadian skating coach guilty of sex assault

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'Take action,' drivers urged man on bridge: police

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'Take action,' drivers urged man on bridge: police