Keyword
interest rate
Weakening economy convinces BoC to hold key rate, but door to more hikes stays open
September 6, 2023 Nojoud Al Mallees - THE CANADIAN PRESSOTTAWA – 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,…
Central bank raises key interest rate to 5%
July 12, 2023 Nojoud Al Mallees - THE CANADIAN PRESSOTTAWA – 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…
Bank of Canada raises key interest rate amid stubbornly high inflation
June 7, 2023 The Canadian PressOTTAWA – 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.…
Will the Bank of Canada raise interest rates again?
May 31, 2023 Nojoud Al Mallees - THE CANADIAN PRESSOTTAWA – 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…
Inflation in Canada continues to slow, reaffirming central bank’s rate pause
March 21, 2023 The Canadian PressOTTAWA – 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…
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…
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…
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…
Bank of Canada raises interest rate by half percentage point, says more hikes to come
October 26, 2022 The Canadian PressOTTAWA – The Bank of Canada hiked its key interest rate by half of a percentage point Wednesday and said rates will need to rise further to clamp down on decades-high inflation. Since March, the central bank has raised its…
Canada’s hotter-than-expected inflation reading sets stage for another rate hike
October 19, 2022 Nojoud Al Mallees - THE CANADIAN PRESSOTTAWA – Canada’s latest reading on inflation came in hotter than expected as the cost of groceries continued to climb at the fastest pace in decades, setting the stage for another sizeable interest rate hike next week. In its latest…
Inflation is cooling, but the Bank of Canada isn’t done its fight: economists
September 20, 2022 Nojoud Al Mallees - THE CANADIAN PRESSOTTAWA – Inflation in Canada is cooling faster than expected, but economists don’t expect the Bank of Canada to back down from its fight just yet. The annual inflation rate slowed to 7.0 per cent in August, Statistics Canada said…