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CBC | Business News

27/53/2022
Central banks talk about inflation, but are they losing credibility when interest rates don't budge?
Bank of Canada photo of senior dep gov Carolyn Rogers and governor Tiff Macklem

Both the Bank of Canada and the U.S. Federal Reserve talk tough on inflation. But their record so far have some asking whether their predictions can be trusted.

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Ontario housing market so red-hot most buyers are skipping inspections, say home inspectors
Panos Loucaides

Ontario home inspectors say the seller’s market and routine unconditional offers are leading to a significant decline in home inspections, leaving buyers at risk.

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U.S. economy expanded at fastest pace since Reagan administration last year
Biden Reagan

The U.S. economy grew last year at the fastest pace since Ronald Reagan's presidency, bouncing back with resilience from 2020's brief but devastating coronavirus recession.

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Despite record high inflation, Bank of Canada holds interest rate steady — for now
BANK OF CANADA MACKLEM

The Bank of Canada has decided not to raise its benchmark interest rate just yet, but signalled Wednesday that this could change in the very near future.

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U.S. central bank pumps the brakes on rate hikes, too
John Kennedy federal debt

The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation.

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