Key Interest Rate

• Bank of Canada isn’t expecting interest rate cuts this year as it maintains hold 

  The Bank of Canada held its benchmark interest rate at 4.5 per cent on Wednesday but warned that rates might need to rise further if inflation remains stubborn.

  Economy

  Apr 12
  
• Bank of Canada expected to hold interest rate again as inflation cools

  'When we combine all these things together, it certainly looks like the (central) bank is likely to hold rates steady for now,'' said BMO's chief economist.

  Economy

  Apr 9
  
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• Higher interest rates make dream of homeownership distant for many in Simcoe County

  Experts in the Barrie and Simcoe County areas say the rising interest rate is making it even harder for those looking to buy or sell their homes.

  Economy

  Oct 31, 2022
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• How Canadians can trim expenses as recession fears grow

  Concerns over a possible recession continue to grow, and Canadians have been finding ways to scale back on spending and top up their savings.

  Canada

  Oct 27, 2022
• Politics not to blame for inflation: former Bank of Canada governor

  Speaking on 'The West Block' regarding the upcoming fiscal update, Stephen Poloz said there can’t be anyone on the political spectrum who deserves blame for the flux in inflation.

  Canada

  Dec 12, 2021
• Bank of Canada keeps interest rates steady, leaves economists guessing about next hike

  But analysts expect further increases in 2018.

  Money

  Dec 6, 2017
• Bank of Canada holds key interest rate at 0.5%

  Bank of Canada leaves its key interest rate at 0.5 per cent, as anticipated.

  Money

  Jan 18, 2017
• U.S. Federal Reserve ups interest rate to .75%; 1st increase in a year

  The Federal Reserve is raising a key interest rate for the first time in a year, reflecting a resilient U.S. economy and expectations of higher inflation. The move will mean modestly higher rates on some loans.

  Economy

  Dec 14, 2016
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• Bank of Canada holds interest rate target at 0.5%

  The bank says Canada's growth performance has also been close to its expectations, including a strong rebound in the third quarter.

  Canada

  Dec 7, 2016
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• Raising concerns about economy, Bank of Canada keeps key interest rate unchanged at 0.5%

  The Bank of Canada is keeping its key interest rate at 0.5 per cent, where it has been set for more than a year.

  Consumer

  Sep 7, 2016