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Bank of Canada governor Tiff Macklem
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Bank of Canada governor says he won’t ‘rule anything out’ on rates

April 22, 2022 Adena Ali - THE CANADIAN PRESS

TORONTO – On a day when the Federal Reserve spooked markets with its tough talk on interest rates, Bank of Canada governor Tiff Macklem says he won’t “rule anything out” when it comes to the central bank’s own interest rate

Caution Sign - Higher Interest Rates Ahead
News Earnings / RatingsInsurance

What higher interest rates mean for the P&C industry

April 14, 2022 by David Gambrill

When the Bank of Canada hiked interest rates a full half point on Wednesday, at first blush, it seemed Canada’s P&C industry might benefit from the inflation-curbing measure by garnering greater returns on their investments. But it’s not that straightforward,

Magnifying glass looking at interest rates
News Insurance

Increased productivity, business investment, needed to temper inflation

February 9, 2022 The Canadian Press

OTTAWA – The governor of the Bank of Canada says higher interest rates are coming, but businesses also need to boost productivity to help keep rising prices in check over the long term. Tiff Macklem, speaking virtually at a Canadian

News Insurance

How insurers are shifting investment strategies amid the pandemic

September 30, 2020 by Greg Meckbach

Changing the mix of real estate portfolios, selling international exposures and considering increasing insurance prices are among the measures Canadian insurers are taking to compensate for the impact of COVID-19 on investment results. Intact Financial Corp.’s investment portfolio turns over

News Insurance

The underrated factor pushing down the industry’s profitability

January 22, 2020 by Greg Meckbach

The impact of low interest rates on insurer profitability is something that warrants more discussion, suggests a senior executive with one of the world’s largest reinsurers. “This is something that significantly impacts the profitability of the insurance and reinsurance industry,

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How real are concerns about a recession?

August 23, 2019 by Adam Malik

So long as a trade war and tariffs being thrown around, recessionary fears will always linger over the head of the economy. But that doesn’t mean it’s all storm clouds. One economist believes Canada is in good shape. The latest

News Legislation / Regulation

What needs to happen before interest rates rise

January 9, 2019 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – 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

News Legislation / Regulation

Interest rates might not rise next month: Analysts

December 19, 2018 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – 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

News Earnings / Ratings

Why interest rates might not rise further

December 4, 2018 Craig Wong - THE CANADIAN PRESS

OTTAWA – 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

News Risk

Bank of Canada raises interest rate, signals future hikes

October 24, 2018 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – 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

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Will higher interest rates kick-start M&A?

September 26, 2018 by Jason Contant

What impact do rising interest rates have on P&C companies conducting mergers and acquisitions? We’re about to find out, as the Bank of Canada is widely expected to raise the interest rate target at an Oct. 24 rate announcement. “The

News InsuranceMarkets / Coverages

Bank of Canada keeps key interest rate target on hold at 1.25 per cent

May 30, 2018 Craig Wong - THE CANADIAN PRESS

OTTAWA – 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