This could very well put the Bank on pause for next month’s scheduled rate announcement, but does not negate a further rate increase before the end of the year. Continue reading
Economists worry about the potential impact of a strong currency on exports. Continue reading
Canada’s economy is booming, and it could mean another interest hike is on the way. Continue reading
The recent drop in the number of home sales in the Greater Toronto Area isn’t expected to last long, he added. Continue reading
According to budget documents, a rise in interest rates by one per cent equates to an extra $230 million in debt-servicing costs, meaning a 0.25 per cent hike will cost the province an extra $57.5 million. Continue reading
Our calculator shows how mortgage payments would change under different interest-rate scenarios Continue reading
The Bank of Canada has hiked its benchmark interest rate to 0.75 per cent from 0.5 per cent. Continue reading
Bank of Canada governor Stephen Poloz has given his clearest indication yet that interest rates will rise this month. Continue reading
Statistics Canada said Friday the economy grew 0.2 per cent in April compared with an increase of 0.5 per cent in March. Continue reading
If the central bank increases its key rate, the big Canadian banks will raise their prime rates, driving up the cost of variable rate mortgages, other loans and lines of credit tied to the benchmark rate. Continue reading
