Key Interest Rate
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Bank of Canada isn’t expecting interest rate cuts this year as it maintains holdThe Bank of Canada held its benchmark interest rate at 4.5 per cent on Wednesday but warned that rates might need to rise further if inflation remains stubborn.EconomyApr 12, 2023
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Bank of Canada expected to hold interest rate again as inflation cools'When we combine all these things together, it certainly looks like the (central) bank is likely to hold rates steady for now,'' said BMO's chief economist.EconomyApr 9, 2023
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Higher interest rates make dream of homeownership distant for many in Simcoe CountyExperts in the Barrie and Simcoe County areas say the rising interest rate is making it even harder for those looking to buy or sell their homes.EconomyOct 31, 2022
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How Canadians can trim expenses as recession fears growConcerns over a possible recession continue to grow, and Canadians have been finding ways to scale back on spending and top up their savings.CanadaOct 27, 2022
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Politics not to blame for inflation: former Bank of Canada governorSpeaking on 'The West Block' regarding the upcoming fiscal update, Stephen Poloz said there can’t be anyone on the political spectrum who deserves blame for the flux in inflation.CanadaDec 12, 2021
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Bank of Canada keeps interest rates steady, leaves economists guessing about next hikeBut analysts expect further increases in 2018.MoneyDec 6, 2017
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Bank of Canada holds key interest rate at 0.5%Bank of Canada leaves its key interest rate at 0.5 per cent, as anticipated.MoneyJan 18, 2017
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U.S. Federal Reserve ups interest rate to .75%; 1st increase in a yearThe Federal Reserve is raising a key interest rate for the first time in a year, reflecting a resilient U.S. economy and expectations of higher inflation. The move will mean modestly higher rates on some loans.EconomyDec 14, 2016
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Bank of Canada holds interest rate target at 0.5%The bank says Canada's growth performance has also been close to its expectations, including a strong rebound in the third quarter.CanadaDec 7, 2016
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Raising concerns about economy, Bank of Canada keeps key interest rate unchanged at 0.5%The Bank of Canada is keeping its key interest rate at 0.5 per cent, where it has been set for more than a year.ConsumerSep 7, 2016
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