OTTAWA, Sept. 6 (Xinhua) -- The Bank of Canada announced Wednesday it has raised its benchmark interest rate by one-quarter point to one percent. It's the second time this year that the central bank has increased the rate after hiking it for the first time in seven years in July. Th...
Spence (2010), "Face-Off: Should the Bank of Canada Release its Projections of the Interest Rate Path," C.D. Howe Backgrounder No. 139.Siklos, P., and A. Spence. 2010. "Faceoff: Should the Bank of Canada Release Its Projections of the Interest Rate Path? The Cases For and Against...
Bank of Canada's Tiff Macklem warned that interest rates could rise if economic conditions deviate from the central bank’s outlook. Read on.
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 i...
In a news release, the Bank of Canada said the Canadian economy is still overheated, prompting its governing council to raise interest rates once again. However, if economic developments stay in line with its current projections, the central bank said it expects to hold its ...
The central bank’s projections assume that globally, oil prices will gradually decrease, and supply chain disruptions will ease. “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 ...
Staff projections provided for the Bank of Canada's monetary policy decision process take into account the integration of Canada's very open economy within the global economy, as well as its close real and financial linkages with the United States. To provide inputs for this projection, the Ban...
The Canadian Dollar was left trailing behind other major currencies following October's Bank of Canada (BoC) decision to slow the pace at which it raises interest rates, which surprised the market and has led many forecasters to reconsider the outlook for the Loonie. ...
“These are the types of inflationary pressures that the Bank of Canada can contain with increasing its interest rates and that’s what it’s trying to do,” Mendes said. The first rate hike may have the largest affect on how households manage their debt, but the central b...
Interest rates impact sectors differently At its December 2024 meeting, the Fed lowered expectations for 2025 fed funds target rate cuts. While its initial projections called for another 1% of rate cuts by the end of 2025, its December forecast reduced planned cuts to 0.50...