Interest Rate Increase
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Recession fears won’t faze Bank of Canada, economists say. Why that may be a good thingThe Bank of Canada won't be deterred by recession talks in its efforts to bring down inflation. Economists tell Global News that's the right priority.EconomyJul 13, 2022
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Businesses need to boost productivity, investment to curb inflation: BoC governorWith higher interest rates on the way for Canada, businesses should be prepared to increase productivity and invest more to help deal with the surge.EconomyFeb 9, 2022
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Inflation up 0.7% from December, as cellphone and restaurant bills riseThe annual pace of inflation cooled, but the numbers suggest consumer prices are broadly on the rise.MoneyFeb 23, 2018
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BUSINESS REPORT: Canadians can’t stop using their homes as piggy banksCanadians continue to borrow against the value of their houses at the fastest pace we’ve seen in more than five years.EconomyFeb 20, 2018
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Rising Ontario household debt expected to go higher by 2021: FAOThe average Ontario household owed nearly $154,000 in 2016 compared to $119,000 in 2010.CanadaJan 23, 2018
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Canadian economy smashes expectations with 4.5 per cent growthThe strong economy makes another interest rate increase in the fall increasingly likely, economists say.MoneyAug 31, 2017
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Bank of Canada to announce today possible interest rate hikeThe central bank last raised its key interest rate target in September 2010.CanadaJul 12, 2017
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Bank of Canada expected to hike interest rate for 1st time in almost 7 yearsLow interest rates have helped fuel the housing market in recent years, incentivizing Canadians to pile on record levels of debt - something that the central bank has noted as a significant risk for the economy.EconomyJul 11, 2017
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Here’s what happens to your car loan if interest rates riseWatch for longer loan terms, not just higher monthly payments.MoneyJul 11, 2017
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What you need to know about mortgages if interest rates riseHere's what you need to know if you have a mortgage or will be getting one soonMoneyJul 5, 2017
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