Canada Interest Rate

• Bank of Canada tight-lipped on rate moves as calls grow to ‘crush’ inflation

  Scotiabank's Derek Holt says the Bank of Canada might raise interest rates again in June following a surprise uptick in inflation in April.

  Economy

  May 18
  
• Buyers have returned to Canada’s housing market. When will sellers follow?

  The housing market in Canada has been warming this spring after a rapid rise in interest rates put a chill in buyers and sellers alike.

  Canada

  May 15
  
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• Higher mortgage rates are making some Canadians question value of home ownership

  Canadians are feeling more mortgage stress amid higher interest rates, according to a new CMHC survey, and it's affecting some attitudes about the overall housing market.

  Economy

  May 10
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• Bank of Canada not seeing ‘alarm bells’ in housing market despite mortgage pain

  Bank of Canada governor Tiff Macklem said Thursday he doesn't see the current levels of mortgage stress in Canada as a risk to the overall health of the housing market.

  Economy

  May 4
• Canada is not immune to banking instability, central bank chief warns

  Bank of Canada governor Tiff Macklem reiterated his confidence in the country's financial system on Thursday but said policymakers can't be 'complacent' about banking risks.

  Economy

  Apr 13
• Hoping to buy a home? Canadian prices forecast to rise by end of 2023

  Royal LePage has adjusted its price forecast for 2023 given stronger-than-expected demand and limited supply. It now expects a price increase.

  Canada

  Apr 13
• High mortgage costs will ‘strain’ budgets. But is the Bank of Canada worried?

  Canadians will continue to feel the pain of higher interest rates on their mortgages this year, the Bank of Canada warned as it reaffirmed its rate hold on Wednesday.

  Money

  Apr 12
• Bank of Canada isn’t expecting interest rate cuts this year as it maintains hold 

  The Bank of Canada held its benchmark interest rate at 4.5 per cent on Wednesday but warned that rates might need to rise further if inflation remains stubborn.

  Economy

  Apr 12
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• Bank of Canada expected to hold interest rate again as inflation cools

  'When we combine all these things together, it certainly looks like the (central) bank is likely to hold rates steady for now,'' said BMO's chief economist.

  Economy

  Apr 9
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• Why millennials in Canada are hardest hit by debt: ‘Living on the edge’

  On a per-population basis, millennials were 1.4 times more likely to file for insolvency than people in generation X aged 42 to 56, a study shows.

  Money

  Mar 26