Keyword
Bank of Canada
Bank of Canada holds key rate for first time in a year, leaves door open to hikes
March 8, 2023 Nojoud Al Mallees - THE CANADIAN PRESSOTTAWA – The Bank of Canada is holding its key interest rate steady for the first time in a year while reiterating its wait-and-see approach to monetary policy. The central bank said Wednesday that it has decided to hold its…
Bank of Canada expected to hold interest rate one year after aggressive cycle began
March 3, 2023 Nojoud Al Mallees - THE CANADIAN PRESSOTTAWA – One year after the Bank of Canada’s aggressive rate hike cycle began, economists widely expect the central bank will stick to its plan of holding its key interest rate steady at its next scheduled announcement. In making its…
Slowing growth a ‘good thing’ when economy is overheated: BoC’s Macklem
February 7, 2023 Nojoud Al Mallees THE CANADIAN PRESSOTTAWA — Bank of Canada governor Tiff Macklem says that although a slowing economy may not seem like a good thing, it is when the economy is overheated. Speaking in Quebec City Tuesday, Macklem said that higher interest rates are…
Bank of Canada hikes key interest rate by quarter point, says it plans to hold
January 25, 2023 The Canadian PressOTTAWA – The Bank of Canada raised its key interest rate by a quarter of a percentage point Wednesday and said it expects this to be the last rate hike of the cycle. The rate increase marks the eighth consecutive…
Despite inflation slowing in December, Bank of Canada still expected to hike rates
January 17, 2023 Nojoud Al Mallees - THE CANADIAN PRESSOTTAWA – Canada’s annual inflation rate slowed last month but economists are still expecting the Bank of Canada to hike its key interest rate next week. In its latest consumer price index released Tuesday, Statistics Canada said the country’s annual…
Bank of Canada hikes key rate by half percentage point, signals possible pause
December 7, 2022 Nojoud Al Mallees - THE CANADIAN PRESSOTTAWA – The Bank of Canada hiked its key interest rate by half a percentage point Wednesday to 4.25 per cent – the highest it’s been since January 2008 – while signalling it may pause its aggressive rate hike cycle.…
Bank of Canada expected to end year with one more rate increase
December 2, 2022 Nojoud Al Mallees - THE CANADIAN PRESSOTTAWA – The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on Wednesday. Forecasters anticipate the central bank will raise its key interest…
Addressing supply issues not substitute for rate hikes, says Bank of Canada official
November 2, 2022 The Canadian PressOTTAWA – Bank of Canada senior deputy governor Carolyn Rogers says addressing supply problems could help ease inflationary pressures but such policies wouldn’t substitute the need for higher interest rates. Rogers and Bank of Canada governor Tiff Macklem appeared before…
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…