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 i...
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, 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 ...
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?
OTTAWA — Canadians should expect interest rates will climb even higher, the Bank of Canada said Wednesday after announcing another supersized interest rate hike.
The Bank of Canada is likely to increase interest rates, bringing borrowing costs to a level not seen in 22 years. Read more
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 is expected to make its next interest rate announcement this month, and experts are weighing in on what might be in store for Canadians. The update is scheduled to drop on Jan. 25. It could either be the first interest rate increase of the year or a hold on thecurr...