The Bank of Canada (BoC) recently announced another rise in interest rates, up to 4.5%, or up 25 basis points from 4.25% on December 7, 2022. While this is the smallest rise in interest over the past year, interest rates will stay high for the foreseeable future ...
The Bank of Canada, along with central banks around the world, has been raising interest rates in an effort to cool sky-high inflation after slashing its key rate to near-zero at the start the pandemic. The increase will feed into other lending rates, making it more...
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. Here's what you need to know: Why did the bank raise rates?
After raising interest rates by half a percentage point in June, Bank of Canada governor Tiff Macklem said the central bank “may need to move more quickly” to bring inflation down. The rate hike Wednesday brings the Bank of Canada’s target for the overnight rate to 2.5 per cent and ...
Bank of Canada's Tiff Macklem warned that interest rates could rise if economic conditions deviate from the central bank’s outlook. Read on.
Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick The Bank of Canada isn’t ready to increase interest rates just yet, but the central bank moved to end quantitative easin...
Reports on the possibility that the Bank of Canada may increase its interest rates by August 8, 2004.EvansPaulEBSCO_bspWall Street Journal Eastern Edition
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 dolla...