Interest Rate Hikes
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Variable mortgages cost Canadians tens of thousands amid high rates. Is the risk worth it?The 10 rate hikes in the past year-and-a-half have left many Canadians feeling squeeze, but those with variable rate mortgages have perhaps felt the biggest pinch.CanadaSep 21, 2023
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Bank of Canada holds key interest rate, but what comes next? Here’s what they saidThe 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.EconomyMar 8, 2023
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PBO expects Bank of Canada done hiking rates, forecasts economic growth of 1% in 2023The PBO also predicts the Bank of Canada will keep its key interest rate target on hold at 4.5 per cent for the rest of 2023 before starting to cut in 2024.EconomyMar 2, 2023
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Bank of Canada’s interest rate hikes are working to tame inflation: Tiff MacklemBank 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.EconomyFeb 7, 2023
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As Bank of Canada pauses rate hikes, economists keeping close eye on labour marketOn Wednesday, the central bank raised its key interest rate for the eighth consecutive time and said it was taking a conditional pause.EconomyJan 26, 2023
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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.EconomyJan 25, 2023
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British Columbians’ debt anxiety mounting amid inflation, interest rate hikes: surveysOne survey from MNP Ltd. found two in five British Columbians were $200 or less from insolvency.EconomyJan 16, 2023
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Bank of Canada hikes key interest rate to 4.25%, signals pause could be nearThe Bank of Canada raised its benchmark interest rate by 50 basis points on Wednesday, marking the seventh and final rate hike of the year.EconomyDec 7, 2022
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Canadian economy added 108K positions in October in ‘blowout’ jobs reportThe agency is scheduled to publish its labour force survey for October Friday morning. The report comes as economists worry about a possible recession.EconomyNov 4, 2022
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Government policies can help with inflation, but can’t replace rate hikes: Bank of CanadaBank of Canada governor Tiff Macklem and senior deputy governor Carolyn Rogers testified before the Senate banking committee Tuesday evening.EconomyNov 1, 2022
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