The Bank of Canada has held its key interest rate at five per cent again, saying that it’s still too soon to consider rate cuts while underlying inflation persists. Economists were widely expecting the central bank to hold the rate. The bank said in a note on its website that it was still concerned about underlying inflation, which strips … Read more
Consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said. The fourth quarter saw a continuation of what’s been happening for a while now as the impacts of higher interest rates and inflation continue to weigh on consumers, said Rebecca Oakes, vice-president … Read more
Canada’s forestry sector is responsible for far more greenhouse gas emissions than show up in official tallies, potentially leading to policies that aren’t in line with the country’s climate goals, a new study suggests. The peer-reviewed study, published in the academic journal Frontiers in Forests and Global Change, found that annual greenhouse gas emissions attributable … Read more
