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Concept of decreasing inflation
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‘Very pleasant surprise’: Canada’s inflation rate tumbled to 2.9% in January

February 20, 2024 Nojoud Al Mallees – The Canadian Press

OTTAWA – Canada’s inflation rate fell more than expected last month as price growth moderated across the economy, including outright price declines for gasoline, airfares and clothing. Statistics Canada reported Tuesday the annual inflation rate tumbled to 2.9 per cent

Magnifying glass looking at interest rates
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Bank of Canada holds key interest rate, signals shift toward rate cut talks

January 25, 2024 Nojoud Al Mallees – The Canadian Press

The Bank of Canada is turning its attention to when it may be able to start cutting interest rates, governor Tiff Macklem said Wednesday as he announced the central bank’s decision to hold its key rate at five per cent.

The Bank of Canada building in Ottawa
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Bank of Canada holds its key interest rate steady at 5% in final decision of 2023

December 7, 2023 The Canadian Press

OTTAWA – The Bank of Canada continued to hold its key interest rate steady at five per cent today, encouraged by evidence that higher rates are helping bring inflation down. In a news release, the central bank says higher borrowing

Declining interest rates
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Fighting inflation half-heartedly would be ‘huge mistake,’ Bank of Canada warns

November 22, 2023 Nojoud Al Mallees - THE CANADIAN PRESS

OTTAWA – Bank of Canada Governor Tiff Macklem warns fighting inflation half-heartedly and living with its consequences would be a huge mistake. The governor acknowledged during a speech Wednesday that interest rates may already be high enough to bring inflation

Percentage sign and bull financial markets
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Weakening economy convinces BoC to hold key rate, but door to more hikes stays open

September 6, 2023 Nojoud Al Mallees - THE CANADIAN PRESS

OTTAWA – The Bank of Canada held its key interest rate steady at five per cent on Wednesday, deciding against another rate hike as the economy begins to falter. “With recent evidence that excess demand in the economy is easing,

Interest rates rising
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Central bank raises key interest rate to 5%

July 12, 2023 Nojoud Al Mallees - THE CANADIAN PRESS

OTTAWA – The Bank of Canada raised interest rates again on Wednesday, hitting the economy with even higher borrowing costs as new projections suggest it will take longer for inflation to fall back to two per cent. The central bank

Hand flipping wooden cube block
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Bank of Canada raises key interest rate amid stubbornly high inflation

June 7, 2023 The Canadian Press

OTTAWA – The Bank of Canada announced a quarter-percentage point rate hike Wednesday, the first interest rate increase since January, as high inflation persists. Its key interest rate now sits at 4.75 per cent, the highest it’s been since 2001.

Businessman looking up at a graphic of the market and rising interest rates
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Will the Bank of Canada raise interest rates again?

May 31, 2023 Nojoud Al Mallees - THE CANADIAN PRESS

OTTAWA – The Canadian economy grew faster than expected in the first three months of the year and likely expanded again in April, fuelling speculation that the Bank of Canada will raise interest rates again. Statistics Canada reported Wednesday real

The Bank of Canada pictured in Ottawa
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Risk of shock to financial system down, but concerns linger: Bank of Canada survey

May 15, 2023 The Canadian Press

OTTAWA – Risk management experts believe the likelihood of a shock that could impair the Canadian financial system has decreased since last year, but concern remains around geopolitical tensions, high inflation, unemployment and household debt burdens. The Bank of Canada’s

Bank of Canada governor Tiff Macklem at a press conference
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Bank of Canada considered raising interest rates at its last meeting

April 26, 2023 Nojoud Al Mallees - THE CANADIAN PRESS

OTTAWA – The Bank of Canada considered raising interest rates earlier this month, as it feared being too slow to react to sticky inflation. In its summary of deliberations released Wednesday, the central bank says its governing council contemplated another

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Bank of Canada holds key interest rate at 4.5%, bumps up growth forecast for 2023

April 12, 2023 The Canadian Press

OTTAWA – The Bank of Canada is once again holding its key interest rate steady at 4.5 per cent but isn’t ruling out the possibility of more rate hikes down the line. The central bank said Wednesday that recent economic

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Inflation in Canada continues to slow, reaffirming central bank’s rate pause

March 21, 2023 The Canadian Press

OTTAWA – Canada’s annual inflation rate continued to slow last month, reaffirming the central bank’s decision to hold its key interest rate steady. In its latest consumer price index report released Tuesday, Statistics Canada said the country’s inflation rate rose