Bank of Canada leaves interest rate unchanged at 1.75%
Bank of Canada leaves its key rate unchanged, as expected, at 1.75 per cent. Continue reading
Bank of Canada
New $10 banknote launches in Winnipeg Monday
Canada’s new $10 bill will officially enter circulation Monday morning at a ceremony in Winnipeg. The banknote features activist Viola Desmond and the Canadian Museum for Human Rights. Continue reading
Canadians’ debt remains ‘really high,’ but improving thanks to tight mortgage rules: BoC
The Bank of Canada provided a closer look Wednesday at just how much stricter mortgage rules and higher interest rates have helped slow the entry of new households into the category of “deeply indebted borrowers.” Continue reading
Southern Albertans feeling the pinch after Bank of Canada interest rate hike
By Kyle Benning Videographer
The Bank of Canada recently raised its interest rate a quarter of a per cent, putting more pressure on those looking to borrow money for big purchases. Continue reading
Latest Bank of Canada interest rate hike deals a blow to Alberta: experts
By Tomasia DaSilva Your Money Matters reporter
Alberta energy experts are concerned that the Bank of Canada’s latest interest rate hike hits a province still recovering from a recession. Continue reading
As another rate hike looms, more Canadians feel closer to insolvency
One-third of debtors now say rising rates could move them toward bankruptcy, a recent MNP survey found. Meanwhile, delinquency rates are up among seniors, according to Equifax. Continue reading
NAFTA uncertainty ‘front and centre’ in Bank of Canada decision to hold interest rate: official
Carolyn Wilkins acknowledged it’s difficult for the central bank to estimate the “highly uncertain” economic fallout from tit-for-tat tariffs between Canada and the U.S., and the resulting blow to business confidence. Continue reading
Bank of Canada holds interest rates steady, but October hike looms
Canada central bank said it is ‘monitoring closely’ the ongoing NAFTA talks but added that higher interest rates ‘will be warranted.’ Continue reading
Gas prices drive Canada’s inflation rate in July to highest point since 2011
The federal agency says the consumer price index for July was up 3.0 per cent on a year-over-year basis compared with a 2.5 per cent increase in June. Continue reading
Canadian exports hit record high in June but U.S. tariffs on metals slashed steel, aluminum shipments
The unexpectedly strong overall performance boosted market expectations that the Bank of Canada could hike interest rates next month. Continue reading
