Keyword
monetary policy report
Economic growth blows past expectations in May, powered by energy industry
July 28, 2017 Craig Wong - THE CANADIAN PRESSOTTAWA – Economic growth in the country blew past expectations in May, powered by the energy sector, raising expectations that the Bank of Canada will raise interest rates again this fall. Statistics Canada said Friday that real gross domestic product…
Bank of Canada raises interest rate to 0.75% from 0.5%
July 13, 2017 by Canadian UnderwriterThe Bank of Canada announced on Wednesday that it has raised its interest rate for the first time in seven years, to 0.75% from 0.5%. “Recent data have bolstered the Bank’s confidence in its outlook for above-potential growth and the…
Bank of Canada expected to raise its key rate for first time in nearly seven years
July 11, 2017 Craig Wong - THE CANADIAN PRESSOTTAWA – The Bank of Canada is expected to raise its key interest rate target for the first time in nearly seven years on Wednesday following signs the economy is well on the road to recovery after the crash in…
Central bank says no rate cut considered amid stronger growth, but notes risks
April 13, 2017 Andy Blatchford - THE CANADIAN PRESSOTTAWA – The head of the Bank of Canada said an interest rate cut was not on the table during the central bank’s latest policy decision, but also warned of persistent risks that suggest it will not hike any time…
Bank of Canada maintains interest rate at 0.5%
October 19, 2016 by Canadian UnderwriterThe Bank of Canada announced on Wednesday that it is maintaining its interest rate target at 0.5%, while downgrading its growth outlook for the country. The central bank expects Canada’s real gross domestic product (GDP) to grow by 1.1% in…
Bank of Canada raises concerns about economy, holds interest rate at 0.5%
September 7, 2016 Craig Wong - THE CANADIAN PRESSOTTAWA – The Bank of Canada struck a note of caution Wednesday as it held its key interest rate target steady at 0.5 per cent and raised concerns after the export sector disappointed earlier this year. “While the strength in…
Bank of Canada says fires in Fort McMurray, Alta., put economy in reverse
July 13, 2016 Andy Blatchford - THE CANADIAN PRESSOTTAWA – The Bank of Canada is cutting its economic outlook for the year, saying the extensive damage from the Alberta wildfires will result in an economic contraction in the second quarter. The central bank’s forecast was released Wednesday along…