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 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...
“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...
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...
The Federal Reserve wrapped up its policy meeting Wednesday with an announcement about interest rates. Interview with CBS News business analyst Jill Schlesinger Mar 21, 2024 02:06 Home prices, mortgage rates remain high While inflation has shown signs of cooling, mortgage rates and home prices are...
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 Canadian...
The motive for such an effort is clear: given inflation's important role in determining the level of rates, an investor with this information would have a distinct advantage over one who did not. Under these circumstances, it is highly unlikely that any announcement of old price changes could...
Tu Nguyen, an economist with accounting and consulting firm RSM Canada, said that while the rate announcement may have come as a surprise, it isn’t unreasonable given the rate of inflation, rising inflation expectations and the tight labour market. ...
Tu Nguyen, an economist with accounting and consulting firm RSM Canada, said that while the rate announcement may have come as a surprise, it isn’t unreasonable given the rate of inflation, rising inflation expectations and the tight labour market. ...
The Bank of Canada cut its key interest rate for a second consecutive time on Wednesday, but warned the path back to two per cent inflation may be uneven and would ultimately determine the pace of future rate cuts. The central bank says its decision to lower its policy rate by a quarter...