Economics

One veteran Bay Street economist predicts the Bank of Canada will need to bring borrowing costs down to pre-pandemic levels to avoid a deflationary scenario.

One veteran Bay Street economist predicts the Bank of Canada will need to bring borrowing costs down to pre-pandemic levels to avoid a deflationary scenario.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Etiam ut faucibus ante, vitae imperdiet erat. Proin bibendum faucibus nibh vel fringilla.

This is a test

TD Bank’s chief economist says the Bank of Canada is likely to wait until July before cutting interest rates, despite many other economists calling for a cut at the bank’s next meeting in June.

Economists believe Canada’s latest economic data will persuade the Bank of Canada to make its first rate cut of this tightening cycle in June, marking a significant divergence from the U.S. Federal Reserve.

Here are five things you need to know this morning.

The Canadian economy lost momentum after a roaring start to the year, reinforcing economists' expectations that the Bank of Canada is on track to cut interest rates in the coming months.

For the first time in eight years, Canada imported more electricity from the U.S. than it exported amid prolonged dry conditions that have reduced hydroelectric power generation.

The first secretary of the U.S. Treasury was Alexander Hamilton. He was famous for many things, but in my mind, this quote of his is very relevant today: “A national debt, if it is not excessive, will be to us a national blessing."