Interest Rate Hikes

• 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
  
• PBO expects Bank of Canada done hiking rates, forecasts economic growth of 1% in 2023

  The 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.

  Economy

  Mar 2
  
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• 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
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• As Bank of Canada pauses rate hikes, economists keeping close eye on labour market

  On Wednesday, the central bank raised its key interest rate for the eighth consecutive time and said it was taking a conditional pause.

  Economy

  Jan 26
• 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
• British Columbians’ debt anxiety mounting amid inflation, interest rate hikes: surveys

  One survey from MNP Ltd. found two in five British Columbians were $200 or less from insolvency.

  Economy

  Jan 16
• 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
• Canadian economy added 108K positions in October in ‘blowout’ jobs report

  The agency is scheduled to publish its labour force survey for October Friday morning. The report comes as economists worry about a possible recession.

  Economy

  Nov 4, 2022
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• Government policies can help with inflation, but can’t replace rate hikes: Bank of Canada

  Bank of Canada governor Tiff Macklem and senior deputy governor Carolyn Rogers testified before the Senate banking committee Tuesday evening.

  Economy

  Nov 1, 2022
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• Bank of Canada says economy will ‘stall’ amid rate hike but skirts recession call

  The Bank of Canada increased its benchmark interest rate by 50 basis points to 3.75 per cent on Wednesday, its sixth consecutive rate hike of the year.

  Economy

  Oct 26, 2022