Canada’s annual inflation rate rose to 3.3 per cent in July as worries grow that progress on getting prices under control will stall. Statistics Canada released its July consumer price index report Tuesday, which shows price growth gained pace last month. This comes after inflation tumbled to 2.8 per cent in June, falling within the Bank of Canada’s target […]
The Bank of Canada raised interest rates again on Wednesday and released new projections that suggest it will take longer to get inflation back to two per cent. The central bank hiked its key interest rate by a quarter of a percentage point, bringing it to five per cent. Forecasters were widely anticipating the central […]
The Bank of Canada announced its key interest rate will rise to 4.75 percent, the first increase since January. Investment Advisor with Smart Investing Solutions Brian Golly says this morning’s decision doesn’t surprise him, because some believed it was coming next month. “The interesting thing is going to be in July, we’ll see what the […]
The Bank of Canada announced a quarter-percentage point rate hike Wednesday, the first interest rate increase since January, as high inflation persists. The central bank announced a pause earlier in January. Its key interest rate now sits at 4.75 per cent, the highest it’s been since 2001. “Based on the accumulation of evidence, governing council […]
The Bank of Canada announced today that it will continue to hold its key interest rate steady at 4.5 per cent, as was widely anticipated by economists. The central bank says recent data is reinforcing its confidence that inflation will continue to fall in the coming months. Canada’s annual inflation rate fell to 5.2 per […]
The Bank of Canada is holding interest rates steady for the first time in a year. The central bank says based on the assessment of recent economic data, the key rate will remain at 4.5 per cent. However, it is keeping the door open to further rate hikes if the economy or inflation run hotter than expected. Recent data shows inflation slowed […]
The Bank of Canada is raising its key interest rate by a quarter of a percentage point and says it expects this to be the last rate hike of the cycle. Today’s interest rate increase marks the eighth consecutive rate hike since March as the central bank fights off decades-high inflation. Its key interest rate […]
The Bank of Canada is raising its key interest rate by half a percentage point, bringing it to 4.25 per cent and the highest it’s been since 2008. It’s also signaling it may pause its aggressive rate hike cycle after today. In a news release, the central bank says there’s “growing evidence” that higher interest […]
The Bank of Canada hiked its key interest rate yet again on Wednesday morning, bringing it to 3.75 per cent and continuing one of the fastest monetary policy tightening cycles in its history amid warning signs of a potential recession. Here’s how we got here: Oct. 24, 2018: The Bank of Canada’s key interest rate […]
The Bank of Canada is raising its key interest rate by three-quarters of a percentage point today. The rate hike matches up with what many economists were expecting, bringing the bank’s key rate to 3.25 per cent. In the rate announcement, the Bank of Canada says global inflation remains high while the Canadian economy continues […]
