Bank Of Canada Interest Rate Decision

• Bank of Canada prepared to raise rates further if inflation progress stalls

  Inflation could rise again if the Bank of Canada did not continue to put pressure on the economy through higher rates, the governing council decided earlier this month.

  Money

  Jul 26, 2023
  
• Bank of Canada hikes key interest rate 50 basis points for 2nd time in a row

  The 50-point move was expected by economists who predicted the Bank of Canada would raise rates for the third time this year in an effort to tamp down on high inflation levels.

  Economy

  Jun 1, 2022
  
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• Bank of Canada leaves key interest rate on hold at 0.25%

  The key interest rate target has been on hold at 0.25 per cent since the onset of the pandemic last year.

  Economy

  Jun 9, 2021
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• Several banks follow Bank of Canada, cut interest rates amid coronavirus concerns

  The move comes as no surprise, but will it help?

  Money

  Mar 4, 2020
• Bank of Canada rate cut increasingly likely amid coronavirus fears, economists say

  The move could come as early as the central bank's next meeting on March 4, some analysts say.

  Money

  Mar 2, 2020
• Canada ends 2019 with weakest quarterly growth in nearly 4 years

  Expectations of a Bank of Canada interest rate cut are rising.

  Money

  Feb 28, 2020
• Bank of Canada holds rate at 1.75%, says Canada’s ‘resilience’ will be ‘tested’

  Unlike other advanced economies, Canada is not cutting interest rates just yet. But our resilience in the face of a slowing global economy will be 'increasingly tested,' the central bank said.

  Money

  Oct 30, 2019
• Bank of Canada holds rates at 1.75% with no hint about future moves

  Canada's central bank said the economic damage from the U.S.-China trade war is worse than expected but did not mention the possibility of a future rate cut.

  Money

  Sep 4, 2019
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• Canada’s inflation rate falls to 2% in June thanks to gas price drop

  Inflation is right on the Bank of Canada's ideal target, meaning there's no pressure for the central bank to increase or cut interest rates based on consumer prices.

  Canada

  Jul 17, 2019
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• Bank of Canada holds key interest rate at 1.75%, downgrades economic forecast

  In its announcement today, the central bank removed any mention of a need for future interest rate increases.

  Money

  Apr 24, 2019