Central Bank

• Bank of Canada deliberations show some felt rates may need to rise higher

  Some members of the Bank of Canada's governing council expressed concerns that the policy rate was not high enough before the central bank held its key rate steady last month.

  Money

  Nov 8, 2023
  
• As inflation cools, higher wages could stand in the way of reaching 2% goal

  Statistics Canada's consumer price index report set to be released Tuesday is expected to show inflation slowed once again in April.

  Canada

  May 12, 2023
  
• Advertisement
• 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, 2023
• Advertisement
• Bank of Canada holds key interest rate, but what comes next? Here’s what they said

  The Bank of Canada left its benchmark interest rate unchanged on Wednesday, marking a pause in its aggressive campaign to raise the cost of borrowing and tackle inflation.

  Economy

  Mar 8, 2023
• What’s fuelling inflation? Bank of Canada’s Macklem grilled on Ottawa’s spending plans

  The head of the Bank of Canada offered some comments on how the federal government's spending plans does and does not impact inflation at Wednesday's finance committee.

  Economy

  Feb 16, 2023
• Bank of Canada’s interest rate hikes are working to tame inflation: Tiff Macklem

  Bank of Canada Governor Tiff Macklem argued that the rapid interest rate hikes from the central bank in the past year are working already to tame inflationary pressures.

  Economy

  Feb 7, 2023
• Huge increase in number of people seeking credit counselling amid challenging economy

  On Wednesday, the Bank of Canada increased its benchmark interest rate to 4.5 per cent, an increase of 25 basis points.

  Canada

  Jan 25, 2023
• Bank of Canada says it can pause rate hikes as inflation set to ‘decline significantly’

  The Bank of Canada's key interest rate now stands at 4.5 per cent following eight consecutive increases aimed at cooling inflation.

  Economy

  Jan 25, 2023
• Advertisement
• Sticky inflation would warrant ‘much higher’ interest rates, BoC’s Macklem warns

  The remarks come after the central bank hiked its key interest rate by half a percentage point on Wednesday, bringing it to 4.25 per cent.

  Economy

  Dec 12, 2022
• Advertisement
• Bank of Canada hikes key interest rate to 4.25%, signals pause could be near

  The Bank of Canada raised its benchmark interest rate by 50 basis points on Wednesday, marking the seventh and final rate hike of the year.

  Economy

  Dec 7, 2022