Canada Interest Rate
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Bank of Canada signals rates might have peaked. What comes next?The Bank of Canada kept its benchmark interest rate steady at 5.0 per cent on Wednesday and hinted that its tightening cycle might have peaked, though inflation remains a concern.MoneyJan 24
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Bank of Canada holds rates again. So when will cuts begin?The Bank of Canada kept its benchmark interest rate unchanged at 5.0 per cent in the third consecutive decision on Wednesday, but warned further hikes are still in the cards.CanadaDec 6, 2023
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Interest rates on hold — for now. Where does the Bank of Canada go next?The Bank of Canada held its benchmark interest rate steady on Wednesday but warned the path to avoiding a recession in Canada is 'narrower' than before.CanadaOct 25, 2023
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Interest rates expected to stay higher for longer. What that means for your mortgageBorrowers with fixed rates are expected to see an average payment increase of between 14% and 25% next year compared with early 2022 costs, according to the Bank of CanadaConsumerOct 2, 2023
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Inflation uptick could mean interest rates stay higher for longerNew economic outlooks released this week expect interest rates will start to decline in 2024, but at a slower pace than previously thought.MoneySep 28, 2023
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Bank of Canada worried about raising hopes for rate cuts in latest decisionThe Bank of Canada’s governing council worried that the decision to hold rates steady on Sept. 6 could be 'misinterpreted' as a sign that the rate tightening cycle was finished.MoneySep 20, 2023
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Bank of Canada ‘remains independent’ amid political comments: MacklemGovernor Tiff Macklem defended the Bank of Canada's operational independence on Thursday as the central bank's interest rate decisions face political commentary.PoliticsSep 7, 2023
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Higher interest rates are ‘painful’ but ‘worth it’: Bank of Canada’s MacklemTiff Macklem says the Bank of Canada’s work to tame inflation with restrictive interest rates is working, but momentum in those efforts might be slowing.MoneySep 7, 2023
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‘Unpredictable’ Bank of Canada looms over fall housing market. Here’s whyCanada's housing market is expected to stall in the fall amid a lack of inventory and ongoing uncertainty around the central bank's interest rates, according to Re/Max.MoneySep 5, 2023
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Could a Toronto Blue Jays playoff bid be a home run for the economy?Canada’s economy is slowing down just as the Toronto Blue Jays’ race for a playoff berth heats up. Here's what experts say that could mean for country's economic prospects.EconomySep 2, 2023
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