Interest Rate Bank Of Canada

• Inflation uptick could mean interest rates stay higher for longer

  New economic outlooks released this week expect interest rates will start to decline in 2024, but at a slower pace than previously thought.

  Money

  Sep 28, 2023
  
• Ottawa making financing cheaper for more builders to spur rental construction

  The effort to offer cheaper mortgage rates to more builders comes as construction costs have ballooned in recent years amid expensive materials and rising interest rates.

  Canada

  Sep 26, 2023
  
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• Bank of Canada worried about raising hopes for rate cuts in latest decision

  The 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.

  Money

  Sep 20, 2023
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• Home sales fell in August. Why that might be good news for buyers

  Canadian home prices are stabilizing heading into the fall, CREA said Friday, as higher interest rates cool demand among buyers and the level of new listings grows.

  Money

  Sep 15, 2023
• Bank of Canada ‘remains independent’ amid political comments: Macklem

  Governor Tiff Macklem defended the Bank of Canada's operational independence on Thursday as the central bank's interest rate decisions face political commentary.

  Politics

  Sep 7, 2023
• Higher interest rates are ‘painful’ but ‘worth it’: Bank of Canada’s Macklem

  Tiff 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.

  Money

  Sep 7, 2023
• ‘Unpredictable’ Bank of Canada looms over fall housing market. Here’s why

  Canada'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.

  Money

  Sep 5, 2023
• Bank of Canada’s latest rate hikes are signs it made a ‘mistake’: analysts

  The fact that the BoC hiked not once, but twice after announcing the pause is evidence that it knew there was ground to be made up, one analyst said.

  Economy

  Jul 17, 2023
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• Canada’s hot housing market ‘settling down’ amid rate hikes, new listings

  Canada's housing market showed signs of cooling in June amid a return to interest rate hikes and a jump in newly listed homes, according to CREA.

  Money

  Jul 14, 2023
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• Interest rate hikes have returned. But don’t expect home prices to drop

  Two straight interest rate hikes from the Bank of Canada are expected to cool the national housing market but experts say not to expect price drops.

  Economy

  Jul 13, 2023