Canadian economy grows 5%, tops forecasts
Filed Under Main Content · Tagged: Bank Montreal, Bank Of Canada, Bank Of Montreal, Burst, Canadian Economy, Deputy Chief Economist, Douglas Porter, Fourth Quarter, Globe And Mail, Globe Mail, Gross Domestic Product, Interest Rate Decision, Interest Rate Hikes, Interest Rates, Likelihood, Montreal Canadian, Odds, S Gross, Second Half, Statistics Canada
Globe and Mail- The Canadian economy expanded by a greater-than-expected 5 per cent in the fourth quarter, raising the likelihood of interest rate hikes later this year.
The country’s gross domestic product grew at the fastest annualized pace since the third quarter of 2000, Statistics Canada said Monday.
The economy’s burst boosts the odds of a string of rate hikes in the second half of the year. The Bank of Canada announces its interest-rate decision tomorrow, and while rates are on hold for now, the tone of the announcement could well acknowledge that growth is picking up speed at a faster pace than anticipated.
“This report shouts strength, and increases the odds the Bank of Canada will begin to hike interest rates in July and stay on that path in the following decisions,” said Douglas Porter, deputy chief economist at Bank of Montreal…
Canadian economy grows 5%, tops forecasts – The Globe and Mail
Builders tinker with prices to fit the HST
Filed Under Main Content · Tagged: Burst, Developers, Fit, Globe And Mail, Globe Mail, Greater Toronto Area, Harmonized Sales Tax, Home Builders, Hst, July 1, New Homes, Outrage, Sales Tax, Tinker
The Globe and Mail- After a burst of outrage when it was first announced, home builders and high-rise developers across the province have reluctantly accepted that the new harmonized sales tax is here to stay come July 1.
Most affected are those operating within the Greater Toronto Area. With a $400,000 starting point for application of the HST, new homes in smaller centres will – in the main – be exempt…
Builders tinker with prices to fit the HST – The Globe and Mail
