Bank of Canada holds key rate, but signals June cut in ‘realm of possibilities’
The Bank of Canada maintained its key interest rate at five per cent on Wednesday amid recent declines in the annual rate of inflation.
Economy
Apr 10
Weak productivity is an economic ‘emergency,’ Bank of Canada warns
Bank of Canada senior deputy governor Carolyn Rogers gave a speech in Halifax on Tuesday in which she sounded the alarm on Canada’s flagging productivity rates.
Economy
Mar 26
Spring housing market looms over the Bank of Canada’s rate decision. Here’s why
The Bank of Canada itself has warned a hot spring housing market could 'stoke' inflation. Here's what economist say those fears mean for the central bank's rate decision Wednesday.
Economy
Apr 9
Relief for Albertans? Bank of Canada expected to cut interest rates this summer: ATB
According to ATB's chief economist, consumers can expect some relief from rising interest rates this summer.
Economy
Apr 10
Inflation ticked higher in March. Are Bank of Canada rate cuts still in the cards?
Statistics Canada reported that the overall inflation in the country was 2.9 per cent year-over-year in March, up from 2.8 per cent the previous month.
Economy
Apr 16
Inflation drop is ‘very encouraging’ but ‘it’s one number’: BoC official
A senior official at the Bank of Canada says the February inflation figures were 'very encouraging' to the central bank, but that's not all policymakers are watching.
Economy
Mar 21
Some fixed mortgage rates are up despite hints of Bank of Canada cuts. Why?
Some fixed mortgage rates are rising in the Canadian housing market, experts say. Here's why, and what it means for homebuying hopefuls this spring.
Money
Apr 15
Jump in unemployment rate puts Bank of Canada in a ‘tricky spot’. Here’s why
Statistics Canada says the unemployment rate hit 6.1 per cent in March amid a loss of 2,200 jobs and a rapidly growing labour pool.
Economy
Apr 5
Rate cuts could be in the cards for 2024, but BoC sees housing market as a risk
The Bank of Canada's governing council says the conditions for interest rate cuts should materialize this year, but the housing market is a risk to the inflation outlook.
Money
Mar 20
TSX closes lower as Bank of Canada holds rate, U.S. markets fall on inflation report
Losses in financial and utilities stocks helped drag Canada's main stock index down more than 160 points, while U.S. stock markets also fell.
Economy
Apr 10
‘Robust’ GDP growth to start 2024 puts Bank of Canada in tough spot: economists
Statistics Canada pointed to a rebound in the public sector, tied largely to the end of strikes in Quebec, as driving economic growth in January.
Economy
Mar 28
Bank of Canada says it’s ‘too early’ to cut rates. Here’s what to expect
The 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.
Economy
Mar 6
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.
Canada
Mar 4
Canadian consumers and businesses pin hopes on lower interest rates: BoC
Canadian consumers and businesses are slightly more optimistic about the future, Bank of Canada surveys show, though both groups are dealing with high interest rates and inflation.
Canada
Apr 1
2 years in, has the Bank of Canada’s historic rate hike campaign done the job?
Two years after the Bank of Canada started raising its key interest rate, inflation, the housing market and the overall economy are vastly different. Here's what's next.
Money
Mar 2
‘No urgency’ for Bank of Canada to cut rates as economy skirts recession
The slowdown in Canada's economy hasn't yet met the bar for a technical recession amid modest real GDP growth in the fourth quarter of the year, Statistics Canada says.
Economy
Feb 29
Variable or short-term fixed mortgage? Where experts see the ‘sweet spot’
Expectations for interest rate cuts from the Bank of Canada could make a variable mortgage an attractive proposition. Here's what experts say about the risks and possible rewards.
Money
Mar 13
Company that runs Just for Laughs festival owes nearly $22.5 million: court documents
The papers filed in Quebec's Superior Court show Juste pour rire owes $16.6 million to the National Bank of Canada.
Canada
Mar 7
RBC, National Bank report higher profits. What to know
Royal Bank of Canada and National Bank of Canada were the latest big banks to report earnings on Wednesday. Here is what their reports show.
Canada
Feb 28
S&P/TSX composite makes moderate gain after rate decision, U.S. markets also rise
Canada's main stock index posted modest gains Wednesday after the Bank of Canada continued to hold its key lending rate steady, while U.S. markets also moved higher.
Economy
Mar 6
