Interest Rate Hike

• Southern Alberta real estate and business communities worried about interest hike

  Southern Albertans will have to drill deeper into their wallets after the Bank of Canada announced another interest rate hike Wednesday morning.

  Canada

  Jun 7, 2023
  
• U.S. could see pause in interest rate hikes next month, Powell hints 

  Powell said the central bank's benchmark rate, which affects many consumer and business loans, is now high enough to restrain borrowing, spending and economic growth.

  U.S. News

  May 19, 2023
  
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• Bank of Canada tight-lipped on rate moves as calls grow to ‘crush’ inflation

  Scotiabank's Derek Holt says the Bank of Canada might raise interest rates again in June following a surprise uptick in inflation in April.

  Economy

  May 18, 2023
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• U.S. unemployment rate clings to near-historic low as 236K new jobs added

  The unemployment rate fell to 3.5 per cent, not far above the 53-year low of 3.4 per cent set in January. Last month's job growth was down from February's sizzling gain of 326,000.

  U.S. News

  Apr 7, 2023
• Bank of Canada won’t follow U.S. Fed on rates despite inflation risks: official

  A senior official at the Bank of Canada says the central bank will tailor its interest rate decisions to the domestic context, not what happens beyond Canadian borders.

  Money

  Mar 9, 2023
• Bank of Canada expected to hold interest rate under planned pause on hikes

  Economists widely expect the central bank will stick to its plan of holding its key interest rate steady at its next scheduled announcement.

  Economy

  Mar 3, 2023
• Bank of Canada says tight labour market, resilient economy led to January rate hike

  The Bank of Canada's first-ever release of its interest rate deliberations shows how its top policymakers weigh the state of the economy in choosing whether to hike rates.

  Economy

  Feb 8, 2023
• Why did Bank of Canada hike rate again? Summary release to explain decision 

  The central bank said it would begin releasing summaries about two weeks after an interest rate decision starting in 2023 in an effort to improve transparency.

  Economy

  Feb 6, 2023
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• Freeland meets provincial and territorial finance ministers in Toronto

  The meeting comes at a tense time for many Canadian consumers, with inflation still running hot and interest rates much higher than they were a year ago.

  Canada

  Feb 3, 2023
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• Bank of Canada not ready to hit the brakes on rate hikes yet, economists say

  Canada's central bank is expected to announce its eighth consecutive rate increase on Wednesday, with most commercial banks forecasting a raise of a quarter-percentage point.

  Economy

  Jan 20, 2023