OTTAWA -- The Bank of Canada slashed its key interest rate target by half a percentage point, dropping it to 1.25 per cent in what economists saw as a rapid response to the growing economic shock from the novel coronavirus outbreak. The central bank said Wednesday that it cut its target for the overnight rate because COVID-19, as the virus is named, was "a material negative shock" to Canada's already...

40 banks around the world have already cut interest rates — and Canada could be next Pete Evans · CBC News · Posted: Feb 29, 2020 4:00 AM ET | Last Updated: 2 hours ago Stephen Poloz, governor of the Bank of Canada, and deputy governor Carolyn Wilkins will announce the bank's latest decision on interest rates next week. (David Kawai/Bloomberg) Central bankers are waking up to dramatically...

  Backed with hard data from TREB and our partners, flip page to page and discover groundbreaking research that addresses the increasing population across the GTHA and tackles the ongoing demand for housing.   A MUST-READ: TREB's 2020 Market Year in Review & Outlook Report Some of the exciting content and topics you can read about in this year's report include: Market Year...

Toronto, Canada’s largest city, has been notorious over the years from being the country’s most expensive real estate market, in close competition with Vancouver. But with Canada’s slowly mellowing housing market, it has been predicted that the city could see some changes. One thing is for sure: the Toronto real estate market is not going to be experiencing a significant decline anytime soon. So,...

If you were paying attention to Canadian housing market headlines early in 2019, you probably started the year feeling pessimistic about market prospects looking ahead. Over the previous two years, the federal government, along with the BC and Ontario governments rolled out measures explicitly designed to take some of the wind out of the market’s sails. Some market analysts were left...