Economy, Law & Politics

The Bank of Canada has lowered its key interest rate by a quarter of a percentage point to 4.75 per cent, the first cut in more than four years. Here's what it could mean for your finances.

TORONTO — Canadian banks are lowering their prime rates after the Bank of Canada cut its benchmark rate for the first time in four years. Banks including RBC, TD, BMO, CIBC and Scotiabank have lowered their rates to 6.95 per cent from 7.

Economic impact study finds $4.5 billion increase in GDP for every $4.1 billion invested in engineering, construction

OTTAWA — The Bank of Canada marked a major turning point in its fight against inflation on Wednesday as it lowered its key interest rate for the first time in more than four years, making it the first central bank in the G7 to cut rates.

Todd Stone expects 'normalization' of poll numbers before fall elections

OTTAWA — The Bank of Canada cut its key interest rate target by 25 basis points to 4.75 per cent on Wednesday. Here is the text of the central bank's decision: The Bank of Canada today reduced its target for the overnight rate to 4.

OTTAWA — The privacy commissioners of Canada and British Columbia have launched an investigation into a Victoria-based company that performs background checks on tenants and others.

OTTAWA — The union representing thousands of Canadian border workers says they will begin job action Friday afternoon if no deal is reached by then.

The Yurkovich Tower construction project is expected to begin in 2026.

A new public memorial of the Tiananmen Square massacre on City of Vancouver land has support from city councillor Lenny Zhou, who will mark the event's 35th anniversary at David Lam Park on Tuesday.