Advertisement Meanwhile, higher gasoline prices put upward pressure on inflation, as prices were 7.5 per cent higher than they were in September 2022. The latest data comes a week ahead of the Bank of Canada’s next interest rate announcement and...
As the Bank of Canada gears up for its interest rate announcement next week, it will be paying particular attention to core measures of inflation, which help the central bank see through volatility in price movements. These annual measures did not ease last month. The Bank of Canada is broadl...
The Bank of Canada said it would act to stop runaway inflation. It is scheduled to make a rate announcement next week.■ Volunteers prepare to distribute food at a food bank in Richmond, British Columbia, Canada, on Jan. 19, 2022. Canada's annual rate of inflation rose to 4.8 percent ...
Prior to the announcement, economists surveyed by Bloomberg expected CPI to decelerate to 2.8 per cent. Economists from the Royal Bank of Canada, Bank of Montreal (BMO) and Desjardins expected the rate to drop slightly below three per cent, while Canadian Imperial Bank of Commerce expected it t...
Next Release Feb 6 2025, 16:15 EST Long Term Average 0.93% Average Growth Rate 308.8% Value from The Previous Market Day 2.09% Change from The Previous Market Day -0.48% Value from 1 Year Ago 1.90% Change from 1 Year Ago 9.47% Frequency Market Daily Unit Percent Adjustment N/A Downloa...
Governor Tiff Macklem said at the Bank of Canada’s last rate decision announcement that as inflation edges closer to its two per cent target, the central bank is increasingly considering the risks associated with keeping interest rates high for too long. “That need for growth to pick u...
“non-announcement” and so will pay the tax and take the losses. Heaven help the bond holders who will get triple screwed (i.e., inflation, loss of income, and loss of capital value) when the 1/7 seesaw rocks against them (i.e., 1% rise in interest rate yields a 7% decrease in...
(RTTNews) - The Bank of Canada's interest rate decision and the post meet press conference, as well as U.S. inflation data, will set the trend for stocks on Bay Street Wednesday morning. The Canadian central bank, scheduled to announce its interest rate decision at 9:45 AM ET, is wid...
The Bank of Canada is scheduled to make an interest rate announcement on Wednesday and is widely expected to hold its policy rate at five per cent. High interest rates have weighed on the Canadian economy as consumers pull back on spending and businesses see their...
There is nothing to stop the Bank of Canada from cutting its interest rate in June after inflation cooled again, economists say. Read more