The budget projects program spending to reach nearly $491 billion in the next fiscal year, along with the deficit set to reach $40 billion.

Today, the Federal Reserve has made a resolute decision: it will maintain current interest rates and refrain from any immediate rate hikes. This announcement underscores the Fed's dedication to fostering financial stability in the face of persistent inflation concerns.

In the latest report published September 19, 2023, Canada’s Consumer Price Index (CPI) for August rose by 4.0% year over year, following a 3.3% increase in July.

Fitch Ratings has downgraded the U.S. Sovereign Credit Rating to 'AA+' from 'AAA', citing fiscal deterioration, a growing debt burden, and erosion of governance.

Discover the Federal Reserve's unprecedented move as it raises interest rates to a 22-year high in response to a surge in the economy. Learn about the implications and reasons behind this decision to tackle inflationary concerns.

Facing persistent inflation and robust economic growth, the Bank of Canada takes decisive action, raising its key interest rate to 5%. Explore how this policy change aims to restore price stability and shape Canada's economic outlook for the coming years.

Explore our analysis of the Federal Reserve's June 14, 2023 decision to pause its rate-hiking campaign. Understand the implications of this pause, the Fed's future interest rate projections, and its revised economic growth and unemployment forecasts.

Get the latest updates on the Bank of Canada's recent interest rate increase and its ongoing quantitative tightening strategy. Learn how these changes reflect global economic conditions and their potential impact on Canada's robust economic growth.

In a bid to achieve economic stability and a 2% inflation target, the Federal Reserve has raised the key federal funds rate for the 10th consecutive time, reaching a 16-year high. Learn about the impact on the economy and the central bank's commitment to returning inflation to its target level.

British Columbia's credit rating was recently downgraded by S&P Global Ratings from AA+ to AA, largely due to the province's 2023 budget.

The Bank of Canada today decided to leave the overnight lending rate unchanged at 4.5% and signalled a continuation of quantitative tightening.

The budget projects program spending to reach nearly $491 billion in the next fiscal year, along with the deficit set to reach $40 billion.

The Federal Reserve raised its benchmark interest rate today (March 22, 2023) by 25 basis points in response to growing concerns about elevated inflation and an overheating economy.

The Federal Reserve remains strongly committed to bringing down inflation in the United States to its 2% goal. Today (Wednesday), Fed Chair Jerome Powell announced a policy interest rate hike of 75 basis points.

The Bank of Canada (BOC) maintained its aggressive stance towards inflation as it raised interest rates by 75 basis points (bps). This is the fourth consecutive “outsized” hike, bringing its target overnight rate to 3.25%.

On Friday, August 26, the annual Jackson Hole Symposium was held in Wyoming. Each year the Federal Reserve-sponsored conference focuses on critical economic issues facing the world economy. This year, the focus was on Fed Chair Jerome Powell and the Federal Reserve's stance on using interest rates to battle inflation going forward. Comments made by the Fed not only pertain to the US, but many central bankers and finance ministers globally also look to the US for guidance

Canada’s inflation rate showed signs of slowing down, but we are not out of the woods just yet. The Consumer Price Index (CPI) for July increased 7.6% year-over-year, down from 8.1% in June. This was the first month-over-month disinflation since July 2021.

The Federal Reserve increased its main policy rate by 0.75% for the second time in a row. This is the United States’ fourth rate hike of 2022, increasing the benchmark interest rate to a target range of 2.25% to 2.50%.