Bank Of Canada Interest Rate

• Canadian economy grew in Q2 — beating Bank of Canada’s forecast

  The economy grew at an annualized rate of 2.1 per cent in the second quarter but continued to shrink on a per-person basis, according to Statistics Canada.

  Economy

  Aug 30
  
• Upcoming June inflation data could open door to 2nd Bank of Canada rate cut

  The Bank of Canada will get its last look at inflation figures this week before deciding whether to deliver back-to-back rate cuts on July 24.

  Economy

  Jul 15
  
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• 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
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• 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
• 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
• 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
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• 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
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• 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