lending

As Russia’s attack on Ukraine pushes consumer prices even higher, the Bank of Canada’s quarter-point interest rate hike is unlikely to dampen inflation expectations as prices seem to rise faster than before.Bank of Canada governor Tiff Macklem speaks to reporters in Ottawa on Thursday. ‘We think the economy can handle higher interest rates,’ he says.…

The federal government has lent developers billions of dollars to jump-start rental construction, all with affordability requirements. But data released under access-to-information shows that more than half of the projects will have average rents higher than those of the cities where they’re being built.Prime Minister Justin Trudeau, right, greets Social Development Minister Ahmed Hussen as…