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 is pictured in Ottawa on Tuesday Sept. 6, 2022. The Bank of Canada is expected to announce it will be raising its key interest rate today, making it the fifth consecutive increase this year. THE CANADIAN PRESS/Sean Kilpatrick The Bank of Canada r...
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.
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 bank estimated the oil slump, which began last summer and has seen prices recover in recent weeks, will reduce the level of Canada's gross domestic product by 0.5 percent by the end of 2020. It said investment in Canada's oil and gas sector will fall 12 percent this year. The indu...
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 thecurrent interest rate of 4.25 per cent. Last year, the Bank of Canada updated its interest rate seven times, causing uncertainty and anxiety among potential homebuye...
The survey was conducted at the end of last year, so predates Macklem’s pledge last month to press pause on the most aggressive series on interest rate increases in the Bank of Canada’s history. Still, the survey underscored expectations that arecessioncould force Macklem to lower borrowing...
The central bank kept its benchmark at 1.5 per cent, but many experts predict another increase could arrive as early as next month. In a statement Wednesday, the Bank of Canada said more hikes should be expected thanks to encouraging numbers for business investment, exports and evidence...
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.
"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...