Bank Of Canada Interest Rate

• 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
  
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• Companies have been quick to pass higher costs on to customers, BoC finds

  Recent research from the central bank shows price increases have mirrored the cost increases businesses have faced, a Bank of Canada official said Tuesday.

  Economy

  Oct 3, 2023
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• Canada’s economy was flat in July with signs of growth in August: StatCan

  Real GDP was 'essentially unchanged' in July, Statistics Canada said Friday, following a modest contraction of 0.2 per cent in June.

  Economy

  Sep 29, 2023
• Inflation uptick could mean interest rates stay higher for longer

  New economic outlooks released this week expect interest rates will start to decline in 2024, but at a slower pace than previously thought.

  Money

  Sep 28, 2023
• Inflation just took a ‘significant step away’ from the Bank of Canada’s 2% goal

  August's consumer price index figures mark the second consecutive month inflation has accelerated in Canada, even as grocery prices saw some relief.

  Canada

  Sep 19, 2023
• Canadians are borrowing less and getting paid more amid higher interest rates

  Growth in disposable income is helping to offset the impact of higher interest rates on household budgets, Statistics Canada says, but economists warn that could change.

  Money

  Sep 13, 2023
• Bank of Canada ‘remains independent’ amid political comments: Macklem

  Governor Tiff Macklem defended the Bank of Canada's operational independence on Thursday as the central bank's interest rate decisions face political commentary.

  Politics

  Sep 7, 2023
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• Higher interest rates are ‘painful’ but ‘worth it’: Bank of Canada’s Macklem

  Tiff Macklem says the Bank of Canada’s work to tame inflation with restrictive interest rates is working, but momentum in those efforts might be slowing.

  Money

  Sep 7, 2023
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• Bank of Canada holds key rate but leaves door open to future hikes

  The Bank of Canada's benchmark interest rate remained unchanged on Wednesday amid signs the economy could be slowing enough to tame inflation.

  Canada

  Sep 6, 2023