Federal Reserve Chair Janet Yellen said she still expects to raise interest rates this year if the economy meets her forecasts, with a gradual pace of tightening to follow.
The inflation rate across Canada fell to 0.8% year-over-year to April, according to Statistics Canada data released May 22. This is the lowest rate since October 2013 and follows an increase of 1.2% in the 12 months to March.
TORONTO - North American stock markets were flat mid-afternoon Friday amid falling oil prices and reports showing tame inflation on both sides of the border.
TORONTO - The Toronto stock market was moderately lower near midday as crude oil prices and the financial sector pulled back. The S&P/TSX composite dropped 15.16 points to 15,203.61.
A second annual survey of Canada's two largest condominium markets found that the financial health of owners might be, on average, better than some bleak headlines have suggested.