Top Results For: BANK%20OF%20CANADA

Food banks in Canada are being pushed to the brink with high demand and donations not keeping pace, and experts say it’s unsustainable. The last four years have been financially tumultuous for Canadians, with a global pandemic and rapidly increasing inflation leading to high grocery prices, more and more people are finding themselves unable to...

The Bank of Canada is holding its key interest rate at five per cent, but suggests a cut could be on the horizon. Mackenzie Gray looks at when that could happen, and what Bank of Canada Governor Tiff Macklem wants to see before making rate cuts.

Canada’s central bank is holding its benchmark interest rate steady at five per cent for the sixth straight decision, amid signs inflation is easing. Anne Gaviola has more on why at least one economist says a June rate cut should be in the cards, or Canada’s economy risks getting left behind.

Canada’s annual inflation rate rose slightly last month, accelerated largely by higher gas prices, data showed Tuesday. Statistics Canada reported that the overall inflation rate in the country was 2.9 per cent year-over-year in March, up from 2.8 per cent the previous month. Governor of the Bank of Canada Tiff Macklem weighed-in on the data,...

Canada’s central bank is holding its benchmark interest rate steady at 5 per cent for the sixth straight decision, amid signs inflation is easing. Anne Gaviola has the details in Business Matters for Wednesday, April 10.

As the spring housing market in Canada kicks off in March, the Bank of Canada’s interest rate announcement on Wednesday could provide valuable insights for prospective homebuyers who are waiting for the right moment to make a purchase. Experts predict that the central bank will exercise caution in order to avoid adding fuel to an...

The Bank of Canada held its benchmark interest rate steady on Wednesday amid signs that inflation is easing. Asked about whether an interest rate cut in June was on the table, governor Tiff Macklem said it was “in the realm of possibilities.”

The Bank of Canada is set to make its latest interest rate announcement this week, and release a monetary policy report. Canadians will be looking for clues about when interest rates could begin coming down. Nivrita Ganguly has the details in Business Matters for Monday, April 8, 2024.

Canada’s central bank is set to announce its latest monetary policy decision Wednesday amid fears that a rate cut could cause the spring housing market to overheat. Anne Gaviola has more on what a rate cut could do to stoke inflation within the housing market in Business Matters for Tuesday, April 9.

During question period in the House of Commons on Wednesday, Conservative Party Leader Pierre Poilievre blamed Prime Minister Justin Trudeau’s “inflationary spending” for news from the Bank of Canada that the central bank may not be able to bring down interest rates quickly.

The Canadian economy is outperforming expectations to start the year, according to Statistics Canada data. The agency reports that real gross domestic product (GDP) in the first month of 2024 rose 0.6 per cent from December, beating most economists’ expectations. Anne Gaviola has more on what’s behind January’s surprise GDP strength in Business Matters for...

Wednesday’s decision by the Bank of Canada to hold its key interest steady is no surprise to economists. Legislative bureau chief Keith Baldrey has more from Victoria on what was behind the announcement and how it impacts British Columbians.

The Bank of Canada is keeping its key interest rate at five per cent for the fifth consecutive time. Mackenzie Gray explains why the central bank won’t drop the rate yet, and what two things need to happen before it even considers the move.

Canada’s central bank left its benchmark interest rate unchanged at five per cent on Wednesday, choosing to hold the line on interest rates for the fifth decision in a row. The move was widely expected by economists and the central bank and governor Tiff Macklem said it was “too early” to cut interest rates until...

Bank of Canada Gov. Tiff Macklem said on Wednesday the bank has decided to hold the interest rate steady at five per cent. The head of the Bank of Canada is also signalling that it’s “too early” to cut interest rates until there’s more progress in taming core inflation.

Two years ago, the Bank of Canada (BoC) raised interest rates for the first time, in what became a historic rate hiking cycle. After ten interest rate hikes, did the central bank’s strategy work? Nivrita Ganguly reports.

Inflation is moderating and Canada’s economy managed to narrowly avoid slipping into a technical recession at the end of 2023 so the central bank is widely expected to announce a pause on Wednesday and keep its benchmark interest rate at five percent. In Business Matters for Monday March 4, Anne Gaviola explains why the Bank...

Canada’s 2024 budget unveiled a long-awaited framework for open banking, which could revolutionize online and app-based banking, budgeting and trading. But, as Anne Gaviola explains, many fintech companies and challenger banks were hoping for more investment and more details.

The latest Bank of Canada deliberations suggest that rate cuts may not be imminent and that the risk of lowering its benchmark interest rate too soon is reflected in the central bank’s hawkish tone. In Business Matters for Thursday Feb. 8., Anne Gaviola has more on why interest rate cuts may not be imminent.

A new study conducted by Lucky Days has analyzed quality-of-life metrics in Canada, putting Alberta in fourth place. As Joelle Tomlinson reports, residents cite affordability and friendliness as some of their reasons for optimism.