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 ...
Bank of Canada Hikes Interest Rate on Strong Economy, but Underlines NAFTA RisksBank of Canada raises interest rate to 1.25%--OTTAWA - The economy's impressive run has prompted...Blatchford, Andy
In its latest monetary policy report, the Bank of Canada said inflation in Canada is “largely the result of international factors,” but that “domestic demand pressures are becoming more prominent.” Most economists had forecasted a rate hike of three-quarters of a percentage point. Tu Nguyen,...
Economists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally. In Canada, inflation hit a 39-year-high of 7.7 per cent in May — well above the two per cent target rate centr...
Bank of Canada Governor Tiff Macklem speaks at a press conference in Ottawa on Thursday, June 9, 2022. THE CANADIAN PRESS/ Patrick Doyle The Bank of Canada raised its key interest rate by a full percentage point on Wednesday, marking the largest single rate hike since August 1998. ...
The Bank of Canada is likely to increase interest rates, bringing borrowing costs to a level not seen in 22 years. Read more
The Bank of Canada raised its key interest rate by a quarter of a percentage point Wednesday and said it expects this to be the last rate hike of the cycle. The rate increase marks the eighth consecutive hike since March as the central bank fights off decades-high inflat...
The Bank of Canada hiked its key interest rate by half of a percentage point Wednesday and said rates will need to rise further to clamp down on decades-high inflation. Since March, the central bank has raised its key interest rate six consecutive times, bringing it from 0....
“The governing council continues to judge that interest rates will need to rise further,” the Bank of Canada said in its decision, adding that the pace of these rate hikes will depend on the central bank’s assessment of the economy and inflation. ...
The Bank of Canada (BoC) will issue its third interest rate update of the year at 10 a.m. ET on Wednesday, April 10. Canada's central bank held the k…