Nojoud Al Mallees, The Canadian Press

Nojoud Al Mallees is a reporter with The Canadian Press, a national news agency headquartered in Toronto and founded in 1917.

Cap on student visas should mitigate soaring rents, Macklem says

Policy

Cap on student visas should mitigate soaring rents, Macklem says

But economists express skepticism as average rent for December jumped to a record high

By Nojoud Al Mallees, The Canadian Press |January 26, 2024

1 min read

Bank of Canada holds key interest rate at 5%

Policy

Bank of Canada holds key interest rate at 5%

The central bank is still open to more rate hikes if inflation doesn’t co-operate

By Nojoud Al Mallees, The Canadian Press |January 24, 2024

1 min read

All eyes on the BoC this week for any hints on when it plans to cut interest rates

Policy

All eyes on the BoC this week for any hints on when it plans to cut interest rates

The bank will also publish its quarterly monetary policy report on Wednesday, with new forecasts for the economy and inflation

By Nojoud Al Mallees, The Canadian Press |January 22, 2024

1 min read

Canada’s annual inflation rate accelerates to 3.4% in December, complicating path for BoC

Economic Indicators

Canada’s annual inflation rate accelerates to 3.4% in December, complicating path for BoC

The Bank of Canada is expected to hold its key interest rate at 5% next week

By Nojoud Al Mallees, The Canadian Press |January 16, 2024

1 min read

As Canadians cut back, mortgage holders say they can make higher payments: BoC survey

Policy

As Canadians cut back, mortgage holders say they can make higher payments: BoC survey

Consumers have changed their spending habits in response to higher inflation, interest rates

By Nojoud Al Mallees, The Canadian Press  and  Staff |January 15, 2024

1 min read

Economists expect December inflation ticked up, trend still points to slowdown

Economic Indicators

Economists expect December inflation ticked up, trend still points to slowdown

StatsCan will release its consumer price index report on Tuesday, offering a look at the overall inflation rate for 2023

By Nojoud Al Mallees, The Canadian Press |January 15, 2024

1 min read

Odds of more rate hikes have fallen, BoC agreed during latest deliberations

Economy

Odds of more rate hikes have fallen, BoC agreed during latest deliberations

Members of governing council were more optimistic about the country's inflation outlook and found ``recent data pointed in the right direction”

By Nojoud Al Mallees, The Canadian Press |December 20, 2023

1 min read

Statistics Canada reports record population growth of 430,000 in Q3

Economic Indicators

Statistics Canada reports record population growth of 430,000 in Q3

The agency says figures for the first nine months of 2023 have already surpassed the total growth in any other full year

By Nojoud Al Mallees, The Canadian Press |December 19, 2023

1 min read

Inflation holds at 3.1% in November as progress in tamping down price growth stalls

Economic Indicators

Inflation holds at 3.1% in November as progress in tamping down price growth stalls

Economists say the slightly disappointing figure doesn't change the Bank of Canada's plans

By Nojoud Al Mallees, The Canadian Press |December 19, 2023

1 min read

Macklem sees inflation falling as economy slows

Policy

Macklem sees inflation falling as economy slows

It's still too early to consider cutting the policy rate, BoC governor said in a speech

By Nojoud Al Mallees, The Canadian Press |December 15, 2023

1 min read

Surge in newcomers putting pressure on inflation via housing demand: BoC official

Economic Indicators

Surge in newcomers putting pressure on inflation via housing demand: BoC official

All levels of government must work together to reduce barriers to building more homes, deputy governor said

By Nojoud Al Mallees, The Canadian Press |December 7, 2023

1 min read

Bank of Canada holds key interest rate steady at 5%

Policy

Bank of Canada holds key interest rate steady at 5%

In final decision of 2023, central bank says weaker growth and cooling job market suggests demand is no longer outpacing supply

By Nojoud Al Mallees, The Canadian Press |December 6, 2023

1 min read

Canadian economy shrank in Q3

Economic Indicators

Canadian economy shrank in Q3

Economists expect Bank of Canada to remain on hold amid economic weakness

By Nojoud Al Mallees, The Canadian Press |November 30, 2023

1 min read

Questionnaire shows Canadians largely oppose digital loonie

News

Questionnaire shows Canadians largely oppose digital loonie

Bank of Canada survey suggest top concerns are privacy and low levels of trust in institutions to protect personal data

By Nojoud Al Mallees, The Canadian Press |November 29, 2023

1 min read

New fiscal guardrails ‘helpful’ for monetary policy: Macklem

Policy

New fiscal guardrails ‘helpful’ for monetary policy: Macklem

Bank of Canada governor weighs in on the federal government's updated fiscal projections and new rules to limit deficits

By Nojoud Al Mallees, The Canadian Press |November 22, 2023

1 min read

Half-hearted fight against inflation would be `huge mistake,’ Macklem warns

Policy

Half-hearted fight against inflation would be `huge mistake,’ Macklem warns

Bank of Canada governor makes remarks day after new inflation numbers show Canada's inflation rate fell to 3.1% in October

By Nojoud Al Mallees, The Canadian Press |November 22, 2023

1 min read

Freeland’s fiscal update pledges new guardrails to keep deficits in check

Policy

Freeland’s fiscal update pledges new guardrails to keep deficits in check

A slowing economy and high inflation mean the government has little room to operate

By Nojoud Al Mallees, The Canadian Press |November 21, 2023

1 min read

Economists expect inflation slowed again in October as high interest rates take hold

Economic Indicators

Economists expect inflation slowed again in October as high interest rates take hold

The CPI report Tuesday morning will be followed by the government's fall economic statement

By Nojoud Al Mallees, The Canadian Press |November 20, 2023

1 min read

CRA claws back $458 million in pandemic-era wage subsidies

Tax News

CRA claws back $458 million in pandemic-era wage subsidies

Most adjustments were related to calculation errors and lack of documentation rather than ineligibility

By Nojoud Al Mallees, The Canadian Press |November 20, 2023

1 min read

Bank of Canada summary reveals hawkish tone to rate deliberations

Policy

Bank of Canada summary reveals hawkish tone to rate deliberations

Members said it's more likely than not that interest rates will need to go higher to get inflation back to target levels

By Nojoud Al Mallees, The Canadian Press |November 8, 2023

1 min read

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