EV sales in Canada rose in recent years despite higher interest rates. Why?

Global News— Electric vehicle registrations rose in recent years despite interest rates also rising. Experts caution Canada's transition to EVs could still be challenging.

CNBC—New home sales inch higher despite 7% mortgage rates: 'There's more opportunity,' economist says. Buyers are highly considering newly built homes amid a shortage of available homes in the U.S. Here's what this means and where prices are standing.

Gephardt Daily—Fed leaves interest rates unchanged amid inflation rate higher than 2% target. May 1 (UPI) — The Federal Reserve Wednesday voted to keep interest rates unchanged, in line with expectations as inflation remains above the central bank’s 2% threshold. The Federal reserve’s Federal Open Market Committee said in a statement that the central bank left interest rates for overnight bank borrowing within a range of 5.25%-5.5%. With CPI inflation at 3.5%, the […] The post Fed leaves interest rates unchanged amid inflation rate higher than 2% target first appeared on Gephardt Daily.

CP24—Bank of Canada governor says limit to how much interest rates can diverge in Canada and U.S.. OTTAWA - Canadian interest rates don't have to match U.S. or global rates, Bank of Canada governor Tiff Macklem says, but they need to stay within a certain ballpark. Macklem made the comments while testifying before the House of Commons finance committee alongside senior deputy governor Carolyn Rogers on Thursday. “Our interest rates in Canada don't need to be the same as the U.S. rate or global rates. But there is a limit to how far they can diverge,” Macklem said. “We're not close to...