While consecutive interest rate hikes have helped control inflation, a recent report by the World Bank showed that such a series of rate hikes could push the world into a recession in 2023, largely because of the degree of synchronicity not seen over the past five decades.
Bank of Canada deputy governor Paul Beaudry says in hindsight, governments and central banks should have withdrawn stimulus measures earlier as economies recovered from the COVID-19 pandemic, which likely would have kept a lid on inflation.
Hertz plans to order up to 175,000 electric vehicles from General Motors over the next five years. The agreement announced Tuesday includes electric vehicle deliveries through 2027 and will include SUVs, pickups and luxury automobiles.
From the rivers, valleys, and natural beauty of Saguenay, Que., to the bustling bayside city of Saint John, N.B., contributor Christopher Liew highlights the cities that offer Canadians the best value on their real estate investment.
Prices at the pump have seen a noticeable decline in recent weeks, with the cost of regular gasoline falling by more than one-fifth across Canada compared to the highs seen earlier this summer, data from the federal government shows.