Derek Burleton News Today

If it took overly long to get on with the rate escalation, writes Kirk LaPointe, it is also going to take overly long to see those rates decline

If it took overly long to get on with the rate escalation, writes Kirk LaPointe, it is also going to take overly long to see those rates decline

If it took overly long to get on with the rate escalation, writes Kirk LaPointe, it is also going to take overly long to see those rates decline

If it took overly long to get on with the rate escalation, writes Kirk LaPointe, it is also going to take overly long to see those rates decline

If it took overly long to get on with the rate escalation, writes Kirk LaPointe, it is also going to take overly long to see those rates decline

The Bank of Canada has nudged the prime rate up a quarter of a percentage point 4.75 per cent, leading to higher costs for borrowers

While food prices go up, economists expect B.C. housing sales to slow and prices to fall, a combination that one expert says could bring a "mild recession."

Is the Fed ready to consider slowing its pace of rate hikes? Why the Fed will likely stay Hawkish at least for the time being.

Canada's central bank continued its campaign to wrestle high inflation into submission on Wednesday, raising its benchmark interest rate for the sixth time this year.

As gas prices and food costs continue to escalate and another interest rate hike is expected next month, many Canadians are wondering if a recession is coming and how to prepare for a possible economic downturn.