Keyword
Bank of Canada
Bank of Canada raises key interest rate and warns further hikes still to come
April 13, 2022 The Canadian PressOTTAWA – The Bank of Canada raised its key interest rate by the highest amount in more than 20 years and warned more rate hikes are coming as it increased its outlook for inflation. The central bank hiked its policy…
Businesses bracing for high inflation to stick around over next two years: survey
April 4, 2022 Adena Ali - THE CANADIAN PRESSThe Bank of Canada said Monday that Canadian businesses expect average inflation to remain elevated over the next two years, but see interest rate moves and better supply chains cooling things off longer term. The central bank’s latest Business Outlook…
Big banks raise prime rate after BoC hike
March 2, 2022 Advisor’s Edge staff, with files from The Canadian PressMany of Canada’s largest banks are increasing their prime interest rate by 25 basis points following the Bank of Canada’s rate announcement. The central bank said Wednesday it was increasing its key rate by a quarter of a percentage point…
Bank of Canada keeps key interest rate target on hold, but warns of looming hikes
January 26, 2022 Jordan Press - THE CANADIAN PRESSOTTAWA – The Bank of Canada is keeping its key interest rate target on hold at 0.25 per cent, but warning it won’t stay there for much longer. The trendsetting rate has been at its rock-bottom level since March 2020…
Bank of Canada keeps key interest rate target on hold at 0.25%
December 8, 2021 Jordan Press - THE CANADIAN PRESSOTTAWA – Canada’s central bank has sent a warning that increases in the cost of living would continue into next year, but signalled it wasn’t yet prepared to pull its key lever to rein in inflation. The annual pace of inflation in…
Bank of Canada keeps key interest rate target on hold, citing pandemic-related risks
September 8, 2021 Craig Wong - THE CANADIAN PRESSOTTAWA – The Bank of Canada kept its key interest rate target on hold Wednesday as it warned the fourth wave of the pandemic and supply bottlenecks could weigh on the economic recovery. The central bank held its target for…
Bank of Canada keeps key interest rate target on hold
June 9, 2021 The Canadian PressOTTAWA – The Bank of Canada is keeping its key interest rate target on hold at 0.25 per cent. The rate has been on hold at its rock-bottom level since the onset of the pandemic last year and the central…
Bank of Canada keeps rate on hold, sees brighter economic outlook
April 21, 2021 Jordan Press - THE CANADIAN PRESSOTTAWA – The Bank of Canada is keeping its key interest rate target on hold as it raises its outlook for economic growth this year. The key rate remains at 0.25 per cent where it has held steady for more…
Bank of Canada keeps key interest rate target on hold despite more upbeat forecast
March 11, 2021 Jordan Press - THE CANADIAN PRESSOTTAWA – The Bank of Canada kept its key interest rate on hold Wednesday even as it said it now expects the economy will grow over the first three months of this year, an about-face from its previous forecast just…
Bank of Canada keeps key rate at 0.25 per cent, warns of economic decline in 2021
January 20, 2021 Jordan Press - THE CANADIAN PRESSOTTAWA – The Bank of Canada says the national economy will go in reverse for the first quarter of 2021, hammering the hardest-hit workers again on the path to a recovery that rests on the rollout of vaccines. Workers in…
Bank of Canada and OSFI team up for pilot project on climate change risk
November 18, 2020 Jordan Press - THE CANADIAN PRESSOTTAWA – Canada’s top central banker is making a plea for the country to more quickly address the impacts of climate change to avoid any economic ripple effects on households and businesses. Tiff Macklem made the case in a speech…
Bank of Canada holds rate steady, says COVID-19 economic recovery likely by 2022
October 28, 2020 The Canadian PressOTTAWA – The Bank of Canada is keeping its key interest rate on hold as it says the country’s economy won’t fully recover what was lost to COVID-19 until 2022, with the road to there dependent on the path of…