Top Results For: BANK OF CANADA

Central 1 Credit Union Chief Economist Bryan Yu talks what to expect from the Bank of Canada’s latest interest rate decision, how higher oil prices are influencing inflation, and what a potential rate hike could mean for mortgage holders.

Economists are widely expecting Canada’s central bank to raise its key lending rate this week, which would lead to a higher prime rate for borrowers and cost variable rate debt-holders more on interest. As Jacqueline Hansen reports, some economists say the Bank of Canada could even hike rates multiple times by the spring.

For the first time in three years, the Bank of Canada has raised its benchmark interest rate, going from 2.25 per cent to 2.5 per cent. The central bank’s main concern is about higher inflation heading into 2027. Personal finance expert Rubina Ahmed-Haq joins our Miranda Anthistle for more on how to protect your wallet...

Canadians looking for the lowest mortgage rate will find that variable rates are a little higher Thursday – following the interest rate hike by the Bank of Canada on Wednesday. As Jacqueline Hansen reports, even the small increase could have an impact on some prospective homebuyers.

The Bank of Canada raised its overnight lending rate to 2.5 per cent on Wednesday – its first interest rate hike in more than three years. The central bank is trying to contain inflation and prevent it from spreading beyond rising energy costs, and it says there could be a need to raise rates even...

The Bank of Canada raised its key interest rate to 2.5 per cent Wednesday, marking its first hike since July 2023. Governor Tiff Macklem said the quarter-point increase is aimed at keeping higher energy costs from pushing up prices for other goods and services. “We don’t want them to pay for this twice,” he said....

A growing number of economists are expecting the Bank of Canada to raise its key lending rate next week. It would be the first rate hike by the central bank in more than three years. As our senior business editor Jacqueline Hansen reports, the decision will depend on how concerned the Bank is about future...

The Bank of Canada is holding its key interest rate at 2.25 percent. Mortgage broker Angela Calla breaks down what the rate hold means for homeowners, and where fixed and variable mortgage rates could go from here.

At a press conference on Wednesday, the Bank of Canada held its key interest rate at 2.25 per cent Wednesday, as it weighs rising inflation risks against renewed uncertainty from the Canada-U.S. trade war. Governor Tiff Macklem warned new U.S. tariffs could threaten the durability of Canada’s economic rebound, even as businesses and workers adapt...

Amid growing trade tensions with the U.S. and the ongoing war in the Middle East, Canada’s central bank held its key lending rate at 2.25 per cent while warning of risks to both growth and inflation. Jacqueline Hansen has more.

Canadian businesses are exposed to an estimated half a trillion dollars in private credit loans according to the Bank of Canada, which is raising concerns over the rapid growth of alternative credit model.

RBC has banned third party AI agents from accessing its online banking services. The decision comes as AI agents are increasingly going rogue, causing harm to services. BMO CEO Darryl White said to never “give your banking username and password” to any AI agent at an economic conference last week. Similar to RBC’s stance: BMO,...

Russian hockey teams will soon be allowed to compete in international tournaments. The International Ice Hockey Federation (IIHF) says it’s disappointed with the ruling, which overturns a ban that had been in place since 2022, when Russia invaded Ukraine. Heather Yourex-West looks at what Canadian officials have decided ahead of the World Juniors later this...

Health advocates are renewing their push for national restrictions on flavoured e-cigarettes. As Katherine Ward reports, the federal government first promised to restrict flavoured vapes in 2021, but there’s still no timeline for when it will happen.

A Torontonian pedaling for a good cause has finished a 45-day ride across Canada in Halifax. Eric Paton is using a bike and a lot of determination to raise money for Foodbanks Canada. David Murdock reports.

There are new signals U.S. President Donald Trump’s trade war with Canada may be resolved about a week before America’s pivotal midterm elections. Mackenzie Gray looks at how this defining economic issue could work in Canada’s favour.

The federal government has put some extra wind in the sails of Nova Scotia Premier Tim Houston’s ambition to make the province the home of Canada’s first offshore wind development. If the project becomes reality, it promises to generate enough power for the province – with enough left over for the rest of the region...

Canada currently has fewer doctors, hospital beds, and available medical technology than most other high-income countries with universal health care according to a new report from the Fraser Institute. Despite being the second highest spender out of 32 reviewed countries, Canada ranks 30th for doctor availability. Katherine Ward has this story and more in Health...

Financial experts are preaching caution as more Atlantic Canadians are borrowing to keep up with the rising cost of living. As Mitchell Bailey reports, some household budgets will feel more pressure after the Bank of Canada raised its benchmark interest rate for the first time in three years.

The Bank of Canada has raised its benchmark interest rate by 0.25 percentage points to 2.5%, adding pressure to B.C.’s already-slowing housing market. BC Real Estate Association chief economist Brendon Ogmundson breaks down what the hike means for home sales, prices, affordability and buyer demand.