Renters so far more ‘vulnerable’ than homeowners amid higher interest rates. Why?
The Bank of Canada says in a new report that renters are feeling more debt stress tied to higher interest rates than Canadians with a mortgage.
Money
May 9
Why MP questions put the Bank of Canada governor in a political minefield
Bank of Canada governor Tiff Macklem faces a slew of politically focused questions in committee appearances with members of Parliament. Here's why that puts him in a tough spot.
Politics
May 6
Can the Bank of Canada cut rates before the U.S.? What Macklem, economists say
The Bank of Canada will be watching its counterpart south of the border carefully as it gauges when to start cutting its benchmark interest rate. Here's why.
Money
May 2
Inflation continues to cool. So is the Bank of Canada ready for rate cuts?
April's inflation report is the final reading the Bank of Canada will get on price pressures ahead of its next interest rate decision on June 5.
Economy
6 hours
Interest rate cuts likely to be ‘gradual’ amid inflation risks: Bank of Canada
The Bank of Canada's governing council is in agreement that the eventual easing in interest rates will be 'gradual' amid outstanding risks for inflation.
Economy
Apr 24
Carbon rebate labelling in bank deposits fuelling confusion, minister says
Canadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to change the law to make them do it, minister says.
Canada
Apr 19
Budget 2024 won’t have much effect on inflation, Bank of Canada head says
Tiff Macklem testified at a Senate committee that the spending plan tabled last month hasn't changed the federal government's fiscal track by much.
Economy
May 1
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
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
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
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
Rate cuts in June or July? What economists are saying after the latest GDP data
Signs of a slowing Canadian economy puts more pressure on the Bank of Canada to pivot to interest rate cuts, according to some economists.
Economy
Apr 30
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
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
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
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
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
‘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
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
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
