Canada Interest Rate

• Rate hike won’t take ‘too much steam’ out of Canada’s housing market, experts say

  Experts say Canada's housing market will remain hot after an initial interest rate hike from the Bank of Canada, pointing to pent-up demand and low supply.

  Money

  Mar 2
  
• Inflation may be ‘uncomfortably high’ for 1st half of 2022: BoC governor

  Governor Tiff Macklem said Wednesday that the cloudy outlook is due to the unique circumstances surrounding the pandemic and the global reopening of local economies.

  Canada

  Feb 2
  
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• ‘Pressing need’ for Bank of Canada to raise interest rates amid inflation surge

  Odds are growing that the Bank of Canada will issue an interest rate hike earlier in the year than forecast as inflation soars to 30-year highs.

  Economy

  Jan 20
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• Canada’s housing prices set to rise again, 1st-time buyers ignore central bank warning

  Central bank Deputy Governor Paul Beaudry told would-be home buyers on Tuesday to consider if it is a "good time to buy or not," pointing to market frothiness in certain cities.

  Consumer

  Nov 24, 2021
• Bank of Canada holds key interest rate at 0.25%, cuts growth forecast for 2021

  The central bank says it expects the economy to grow 6.0 per cent in 2021, down from its previous forecast of 6.5 per cent.

  Money

  Jul 14, 2021
• Bank of Canada to make interest rate announcement amid coronavirus pandemic

  The Bank of Canada will make its latest interest rate announcement Wednesday and update its outlook for the economy.

  Canada

  Jul 15, 2020
• Bank of Canada holds interest rate at 1.75% as global trade conflicts cause uncertainty

  The central bank's overnight rate target has been set at 1.75 per cent since October of last year.

  Economy

  Dec 4, 2019
• Canadians should ‘buy smaller’ homes in response to interest hike, Bank of Canada head says

  As the Bank of Canada raised key interest rates to 1.5 per cent (up from 1.25 per cent) Wednesday morning, mortgage rates are already rising as well.

  Canada

  Jul 11, 2018
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• Canadians scrambling to pay off debt as interest rates rise: poll

  A growing number of Canadians are worried rising interest rates could impact their ability to repay their debts, according to a new poll.

  Consumer

  Apr 16, 2018
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• Bank of Canada keeps key interest rate steady at 1.25% but eyes future hikes

  Despite uncertainty about U.S. trade policy, Canada's central bank is still thinking of raising rates in a not-so-distant future.

  Money

  Mar 7, 2018