Category: British Columbia Business News

OTTAWA – The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is continuing its policy of balance sheet normalization. The Bank continues...

BRITISH COLUMBIA – British Columbia’s restaurant industry is shedding jobs at an alarming rate and has experienced the largest year-over-year drop in employment of any province, warns Restaurants Canada. While the province...

Monetary Policy Council Calls for Bank of Canada to Cut Overnight Rate to 3.75 Percent Next Week, 3.00 by Spring, 2.50 Percent in a Year OTTAWA – The C.D. Howe Institute’s Monetary Policy Council (MPC) calls for the Bank of...

BRITISH COLUMBIA – British Columbia drivers can expect to see lower gas prices thanks to the recently completed Trans Mountain Pipeline expansion (TMX), according to economist Dr. G. Kent Fellows, who spoke at an event...

OTTAWA – Following the Bank of Canada’s third interest rate cut of the year, national home sales increased slightly in September compared to August. This follows a similar pattern of gains recorded in the months following...