Bank of Canada holds interest rate, warns of drag from global trade tensions
July 10, 2019 Andy Blatchford - THE CANADIAN PRESSOTTAWA – The Bank of Canada is leaving its key interest rate unchanged in an announcement that balances domestic economic improvements with an expanding global slowdown caused by trade conflicts. The decision Wednesday kept the interest rate at 1.75 per…
Could Canada cut interest rates?
April 2, 2019 Andy Blatchford - THE CANADIAN PRESSOTTAWA – Bank of Canada governor Stephen Poloz says the economy needs a longer lift from stimulative interest rates to overcome domestic and global economic hurdles, though he predicts the country’s recent economic weakness will only be temporary. Poloz, speaking…
All bets are off on timing of interest rate increase
March 8, 2019 Andy Blatchford - THE CANADIAN PRESSOTTAWA – A weak data report “surprised” the Bank of Canada ahead of its decision to cast doubts about future interest-rate hikes and to warn Canadians the ongoing slump could prove to be unexpectedly stubborn, says one of the bank’s…
What it will take for another interest rate hike
February 21, 2019 Andy Blatchford THE CANADIAN PRESSOTTAWA – The head of the Bank of Canada says his trend-setting interest rate is low enough, at its below-inflation level of 1.75 per cent, that it’s delivering stimulative effects to the economy. But even in the stronger economy, governor…
What needs to happen before interest rates rise
January 9, 2019 Andy Blatchford - THE CANADIAN PRESSOTTAWA – The Bank of Canada left its trend-setting interest rate unchanged at 1.75 per cent Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming months. Before long, however, the central bank expects…
Interest rates might not rise next month: Analysts
December 19, 2018 Andy Blatchford - THE CANADIAN PRESSOTTAWA – Cooling inflation has given the Bank of Canada another reason to keep interest rates on ice next month. The annual pace of inflation slowed in November to 1.7 per cent as upward pressure from higher gasoline prices eased…
Why interest rates might not rise further
December 4, 2018 Craig Wong - THE CANADIAN PRESSOTTAWA – The pace of economic growth in Canada slowed in the third quarter as business investment spending fell and the growth in household spending slowed, raising questions about the future pace of interest rate hikes by the Bank of…
Bank of Canada raises interest rate, signals future hikes
October 24, 2018 Andy Blatchford - THE CANADIAN PRESSOTTAWA – The Bank of Canada raised its trend-setting interest rate Wednesday and sent signals that future hikes could be upon Canadians sooner than previously expected. With a big source of trade uncertainty finally out of the way, the central…
Bank of Canada studying issues around a central bank digital currency
October 2, 2018 The Canadian PressCALGARY – The Bank of Canada is looking at the key questions around the design of a digital currency and the issues surrounding such an idea, a senior Bank of Canada official said Monday. However, deputy governor Timothy Lane told…
Bank of Canada keeps key interest rate target on hold at 1.25 per cent
May 30, 2018 Craig Wong - THE CANADIAN PRESSOTTAWA – The Bank of Canada kept its key interest rate target on hold Wednesday, but noted the Canadian economy was a little stronger than expected in the first quarter, raising expectations that rate hikes are coming later this year…
Bank of Canada rate stays at 0.5%
May 24, 2017 Andy Blatchford - THE CANADIAN PRESSOTTAWA – Uncertainties continue to obscure the economy’s stronger-than-expected start to the year, the Bank of Canada said Wednesday as it stuck with its trendsetting interest rate of 0.5 per cent. In explaining its decision to hold the rate, the…