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Soundbites

Region: Canada

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Zeba Mirza says Canada’s industry-wide alliance to reduce hydrocarbon emissions gives it a leg up on other countries

Funds:
Canada Life Canadian Value Fund - Mutual Fund
Fonds:
Fonds de valeur canadienne Canada Vie – fonds communs de placement

Agency had been directing taxpayers to contact a CRA official before speaking with their tax advisor

Inflation

New projections suggest inflation will return to 2% target in mid-2025 – six months longer than the central bank previously forecast

Manufacturing

Chemical products and motor vehicles were winners, while primary metals fell

Mortgage signing

By January of this year, variable-rate mortgages had fallen to 16.7% of new and renewed mortgages, while 1-5 year fixed-rate mortgages constituted 64%

New rules increase minimum liquidity requirements and prohibit "gates"

Skyline of the financial district

The central bank raised its key lending rate to 5% on Wednesday

  • By: IE Staff
  • July 12, 2023 July 12, 2023
  • 15:21
Bridge being built

Premiers ask for dedicated meeting with the prime minister to discuss options

Chairs on dock

Dampened demand expected to lead to price declines

Wooden blocks with percentage sign and arrow up, financial growth, interest rate increase, inflation concept

Bank says rate hike to 5% was prompted by elevated demand, driven by strong consumer spending