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OTTAWA - The Bank of Canada announced another hike to its key policy rate of half a percentage point, in an attempt to rein in decades-high inflation rates while facing stalled economic growth.
Canadians are continuing to feel the pinch at the grocery store as food prices continue to soar at the fastest rate in four decades, and one economist says there likely won't be any meaningful relief until early next year.
Bank of Canada governor Tiff Macklem emphasized Friday that he has not changed his mind on interest rate hikes, even as expectations grow about a possible recession next year.
Bank of Canada governor Tiff Macklem emphasized Friday that he has not changed his mind on interest rate hikes, even as expectations grow about a possible recession next year.
The Vancouver-based clothing retailer earned $46.3 million in the second quarter, up from $39.8 million a year earlier