Canada Interest Rates

• Does the Bank of Canada’s mandate need to ‘modernize?’ A senator thinks so

  Bellemare's bill is the latest case of politicians weighing in on the institution's interest rate and policy decisions this month.

  Canada

  Sep 20, 2023
  
• Bank of Canada faces political pressure to hold rates. But will it matter?

  The Bank is set to make its next interest rate decision Wednesday and is widely expected to hold steady as the economy begins to buckle under the weight of higher interest rates.

  Economy

  Sep 5, 2023
  
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• More Canadians struggling to meet monthly bills, survey suggests

  The poll also suggests the Conservative party's support is at 38 per cent -- three percentage points higher than it was in the last poll in late July.

  Economy

  Sep 1, 2023
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• BMO, Scotiabank set aside more funds to cover bad loans amid higher interest rates

  BMO and Bank of Nova Scotia, missed analysts' estimates for quarterly profit on Tuesday as they set aside more funds to cover for bad loans.

  Money

  Aug 29, 2023
• No further rate hikes expected in 2023, Bank of Canada survey suggests

  The Bank of Canada won't raise rates again this year, according to a survey of market participants released by the central bank on Monday.

  Economy

  Jul 24, 2023
• Housing affordability in Canada just saw the biggest improvement in almost 4 years

  Canadian homeowners and prospective buyers saw a second consecutive quarter of improvement in housing affordability, but the market hasn't returned to pre-pandemic levels.

  Money

  Jun 2, 2023
• Canadian mortgage debt surges to $2.08T amid high inflation, interest rates 

  However, the federal housing agency says in a new report that the rate of growth for mortgage debt slowed compared with recent years.

  Money

  May 25, 2023
• Bank of Canada mulled an April rate hike. What went into the decision to hold

  The Bank of Canada considered raising interest rates earlier this month, as it feared being too slow to react to sticky inflation.

  Economy

  Apr 26, 2023
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• Here’s when markets expect the Bank of Canada to start cutting interest rates

  A newly released survey from the Bank of Canada shows that most market players expect the central bank will keep its key interest rate on hold through 2023.

  Money

  Apr 24, 2023
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• SVB instability could drive some Canadian mortgage rates lower. Here’s why

  The collapse of Silicon Valley Bank and fears of wider financial instability has led some market forecasters to revise interest rate path expectations.

  Money

  Mar 14, 2023