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interest rate, a way of making borrowing cheaper to stimulate the economy. It reduced the rate from 5.0% to 2.75%, a drop of 2.25% (or 225 basis points).
higher wages should finally moderate. However, the national unemployment rate has remained stuck at 5.0% for most of 2023—a historically low level. So, are better labour conditions really in the cards for
Learn more about payables turnover and how it helps determine a company’s liquidity.
July 2023 - Central banks have had to face the risk of causing a recession as they raised interest rates over the last year and a half. But so far, the "R-word" has referred more to resilience than recession in Canada. Now, the Bank of Canada has raised rates again after a lengthy pause, rekindling concerns about a recession. Can the Canadian economy still come in for a soft landing?
After three years of distortion, we believe the economy will stabilize in 2024. Learn what it means for your business.
By Pierre Cléroux
Our specialists discuss the threats and opportunities facing your company over the next 12 months.
By BDC
December 2024 - As we look ahead to 2025, Canadian SMEs face a mixed economic landscape. Despite potential headwinds, there are many reasons for cautious optimism.
January 2024 - What a year! 2023 can justly be described as a rollercoaster ride. As we head into 2024, economic uncertainty continues to top the list of concerns of both households and businesses. To help you see things a little more clearly, once again this year, the January edition of the Economic Letter answers the five questions most frequently asked of BDC economists.
September 2024 - After many gloomy months, interest rate cuts helped rekindled optimism among Canadian households and businesses over the summer. When confidence improves, the economy usually does too. Will it be the case this time around? What can we expect from the economy as the year draws to a close?