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 on personal and car loans and other forms of debt...
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.
The bank's announcement comes after U.S. President Donald Trump's threat of imminent tariffs on steel and aluminum imports is spreading fear of a global trade war. Canada is the largest exporter of both commodities to the United States. It has expressed that new U.S. tariffs are "absolutel...
Ratehub.ca Co-CEO and president of CanWise mortgage lender James Laird shared his thoughts and expectations for the upcoming BoC announcement with Daily Hive. "We are expecting a rate hold from the Bank of Canada next week and will look to the accompanying statement to try to figure out if...
“Given the outlook for inflation, the governing council still judges that the policy interest rate will need to rise further,” the bank said in its announcement. “As the effects of tighter monetary policy works through the economy, we will be assessing how much higher...
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...
If the rate increases lead to a recession, Caranci said the central bank may head in the opposite direction and start cutting interest rates. In the rate announcement, the Bank of Canada said global inflation remains high because of global supply chain disruptions, the...
Tu Nguyen, an economist with RSM Canada, said the announcement is “surprising” and “risky” given the U.S. Federal Reserve is expected to raise rates by three-quarters of a percentage point next week. “That could be risky in the sense that it could weaken the Canadia...
In this paper, I address a number of questions relat- ing to the movements in long-term real interest rates in Canada and abroad. First, what has been the role in the decline of the long-term real interest rate of the various factors noted in the literature, and, to the extent that ...
In making its announcement, the Bank of Canada said it expects inflation to be higher in the near-term than previously thought. The central bank warned that this week’s rate hike won’t be the last, with economists expecting multiple increases before the end of the year. ...