Last November Bank of Canada (BoC) Governor Tiff Macklem, spoke about the importance of continuing to hire immigrants. “[One] way to rebalance supply and demand is to increase the supply of workers,” said Governor Macklem. “The more we can do on supply, the less...
The move Wednesday is the fifth consecutive interest rate increase this year, pushing the bank’s key rate above the what it calls the “neutral range” between two and three per cent. The Bank of Canada, along with central banks around the world, has been raising in...
OTTAWA — Canadians should expect interest rates will climb even higher, the Bank of Canada said Wednesday after announcing another supersized interest rate hike. The central bank raised its key interest rate by three-quarters of a percentage point and signalled this won’...
The Bank of Canada (BoC) announced its fifth interest rate increase of the year, raising rates by another 75 basis points. This follows its July The Bank of Canada announced its fifth interest rate increase of the year, raising rates by 75 basis points.
OTTAWA — The Bank of Canada raised its key interest rate target by a quarter of a percentage point to 4.75 per cent on Wednesday, the first raise since it announced a pause in January.
OTTAWA, April 13 (Xinhua) -- The Bank of Canada announced Wednesday the country's benchmark interest rate was increased by half a percentage point to 1 percent. This is the country's second consecutive interest rate hike in 2022, following an increase of 25 basis points in March, breaking...
Although the Bank of Canada appears to be optimistic that it can hold interest rates at current levels, it’s also keeping the door open to further action if necessary. “Governing council is prepared to increase the policy rate if needed to return inflation to the two per...
Finder: Bank of Canada Interest Rate Forecast Report The Bank of Canada (BoC) sets the official overnight rate — the benchmark target rate used by banks, credit unions and lenders to establish interest rates. This benchmark rate greatly impacts savings accounts, mortgages, interest rates charged...
The Bank of Canada isn’t ready to increase interest rates just yet, but the central bank moved to end quantitative easing on Wednesday, (Oct. 27). For much of the pandemic, the central bank has pumped stimulus into the economy through quantitative easing, buying up billions of dollars ...
"We are inclined to agree with the governor. Aging population and slower productivity growth mean that the 'cruising speed' of the Canadian economy will continue to tick lower in coming years," said DePratto. "We think the Bank of Canada is unlikely to increase interest rates until early 201...