Bank Of Canada Interest Rate
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Bank of Canada says it’s ‘too early’ to cut rates. Here’s what to expectThe Bank of Canada held its benchmark interest rate at 5.0 per cent on Wednesday as Governor Tiff Macklem said it was 'too early' to cut rates.EconomyMar 6
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Interest rate hold widely expected in BoC’s latest decision. Are cuts close?The central bank is widely expected to continue holding its key interest rate at five per cent Wednesday, as many forecasters anticipate the first rate cut to come in around June.CanadaMar 4
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Companies have been quick to pass higher costs on to customers, BoC findsRecent research from the central bank shows price increases have mirrored the cost increases businesses have faced, a Bank of Canada official said Tuesday.EconomyOct 3, 2023
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Canada’s economy was flat in July with signs of growth in August: StatCanReal GDP was 'essentially unchanged' in July, Statistics Canada said Friday, following a modest contraction of 0.2 per cent in June.EconomySep 29, 2023
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Inflation uptick could mean interest rates stay higher for longerNew economic outlooks released this week expect interest rates will start to decline in 2024, but at a slower pace than previously thought.MoneySep 28, 2023
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Inflation just took a ‘significant step away’ from the Bank of Canada’s 2% goalAugust's consumer price index figures mark the second consecutive month inflation has accelerated in Canada, even as grocery prices saw some relief.CanadaSep 19, 2023
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Canadians are borrowing less and getting paid more amid higher interest ratesGrowth in disposable income is helping to offset the impact of higher interest rates on household budgets, Statistics Canada says, but economists warn that could change.MoneySep 13, 2023
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Bank of Canada ‘remains independent’ amid political comments: MacklemGovernor Tiff Macklem defended the Bank of Canada's operational independence on Thursday as the central bank's interest rate decisions face political commentary.PoliticsSep 7, 2023
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Higher interest rates are ‘painful’ but ‘worth it’: Bank of Canada’s MacklemTiff Macklem says the Bank of Canada’s work to tame inflation with restrictive interest rates is working, but momentum in those efforts might be slowing.MoneySep 7, 2023
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Bank of Canada holds key rate but leaves door open to future hikesThe Bank of Canada's benchmark interest rate remained unchanged on Wednesday amid signs the economy could be slowing enough to tame inflation.CanadaSep 6, 2023
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