Key interest rate could soon go up another half percentage point, central bank says
April 25, 2022 The Canadian PressOTTAWA – The governor of the Bank of Canada is signalling Canada’s key interest rate could go up another half percentage point in June to help wrestle inflation under control. Tiff Macklem is appearing at the House of Commons standing…
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…
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 warns of prolonged inflation
October 27, 2021 Jordan Press - THE CANADIAN PRESSOTTAWA – The Bank of Canada is warning inflation will stay higher for longer than it previously forecast and signalled that an interest rate hike may be coming sooner than expected. The central bank said Wednesday it now forecasts that…
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 holds rate, forecasts decline in GDP of 7.8% this year
July 15, 2020 Jordan Press - THE CANADIAN PRESSOTTAWA – The Bank of Canada is holding its key interest rate at 0.25 per cent in response to what it calls the “extremely uncertain” economic outlook from the COVID-19 pandemic, and plans to keep it there until the picture…
Bank of Canada keeps key rate target on hold, expects return to growth in Q3
June 3, 2020 Jordan Press - THE CANADIAN PRESSOTTAWA – The economy appears to have avoided a worst-case scenario due to the COVID-19 pandemic, the Bank of Canada said Wednesday as it kept its key interest rate steady at its lower bound. The bank left its target for…
How long you might wait for interest rate hikes
July 12, 2019 by Greg MeckbachInterest rates in Canada won’t change for the next 18 months, but what happens after that is hard to predict, a Bank of Montreal economics expert suggested Thursday. The Bank of Canada announced Wednesday it is keeping the overnight interest…