4/10/2024 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent.

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Bank of Canada announces key interest rate decision

  4/8/2024 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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The Bank of Canada is widely expected to keep its key overnight rate on hold Wednesday, as it gathers more evidence of cooling inflation before delivering its first interest ... More

Bank of Canada to keep rates on hold this week, first cut seen as early as June

  4/3/2024 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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Economists question their forecasts as inflation expectations challenge anticipated rate cuts

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Inflation expectations cast shadow on BoC's rate decision

  3/19/2024 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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Economists widely expect central bank to start cutting rates in June

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Inflation metrics give BoC room to talk cuts

  3/19/2024 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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'I hope they're not tepid,' says expert about BoC's upcoming decisions

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Is it time for aggressive rate cuts?

  3/9/2024 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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The Bank of Canada elected to hold interest rates steady at 5 per cent.

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Bank of Canada makes interest rate decision

  3/4/2024 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate ... More

Bank of Canada expected to hold interest rates this week as grey cloud hangs over economy

  2/20/2024 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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Canadian consumer prices eased at the start of this year, with progress on underlying pressures likely to give the Bank of Canada more room to start considering rate cuts in ... More

Inflation slows more than expected in January

  2/9/2024 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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Today's employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the ... More

2024 rate-cut forecasts being revised following today's mixed-bag jobs report

  2/5/2024 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by ... More

Market participants still expect the first Bank of Canada rate cut in April

  1/31/2024 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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Canada’s economy outperformed growth expectations to end the year, which means the Bank of Canada could feel less pressure to start cutting rates in the near term, ... More

Bank of Canada's rate-cut timing uncertain as economic growth beats expectations

  1/24/2024 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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The Bank of Canada has left its policy rate unchanged in its first announcement of the year, keeping rates where they are for a fourth straight decision but giving little ... More

Bank of Canada reveals first rate decision of 2024

  12/15/2023 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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The Bank of Canada’s top official said policymakers will consider cutting interest rates when inflation is “clearly” on a path to the two per cent target, but ... More

Bank of Canada's Macklem says 'too early' to consider rate cuts

  11/20/2023 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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Without that boost in spending, the central bank’s key overnight lending rate would be about 3 per cent instead of the current 5 per cent, according to Scotiabank ... More

Canada's profligate spending forced interest rates higher: Scotiabank

  11/9/2023 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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The Bank of Canada’s No. 2 official urged preparation for interest rates staying elevated for longer.

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Interest rates may stay higher for good: Bank of Canada's Carolyn Rogers

  11/7/2023 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year

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BoC to begin rate cuts by 2024's second quarter, market players say

  11/3/2023 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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Canada’s unemployment rate ticked up two basis points to 5.7% in October, suggesting the Bank of Canada can now remain “firmly on the sidelines,” economists ... More

No more rate hikes expected as unemployment rate rises to 21-month high

  11/1/2023 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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Bank of Canada governor Tiff Macklem says the central bank held its key interest rate at five per cent in part because of the effect a wave of upcoming mortgage renewals is ... More

Upcoming mortgage renewals part of why BoC held rate at 5 per cent: Macklem

  10/25/2023 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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The Bank of Canada delivered its second straight rate hold today, but signalled that it remains concerned about inflationary risks and price pressures.

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Bank of Canada delivers rate hold, but maintains hawkish bias

  9/1/2023 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada's rate hiking campaign may be coming to an ... More

Economists see Bank of Canada holding on rates after surprise GDP contraction

  7/15/2023 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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The Bank of Canada hiked interest rates again this week in response to persistently high inflation, prompting questions about the role of mortgages in the ongoing battle with ... More

How are mortgages keeping inflation high?

  6/27/2023 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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Economists weigh in on the possibilities for the central bank’s policy rate

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When will the Bank of Canada put the brakes on its rate-hike campaign?

  6/21/2023 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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The Bank of Canada's governing council considered waiting until July to raise interest rates, but ultimately decided to act sooner in the face of hot economic data.

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BoC debated waiting until July to hike rates, but says data prompted it to act sooner

  6/14/2023 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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Hawkish monetary policy and inflation posing headwinds for borrowers, latest figures suggest

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Canada's debt rises as rates cut into households' cash flow

  6/13/2023 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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The Bank of Canada will have to keep rates higher for longer unless governments do more to dial back their spending, one of the country’s largest commercial lenders ... More

Governments shunting 'dirty work' on inflation to Bank of Canada, CIBC says

  6/11/2023 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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Variable-rate borrowers will see their interest cost on their next mortgage payment rise as banks and other financial institutions have lifted their prime rates to a 22-year ... More

Prime rate reaches 22-year high of 6.95% and could rise further as rate-hike expectations grow

  6/9/2023 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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Many economists are now pencilling in another hike in July

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Why the Bank of Canada rate hike won't be one and done

  4/15/2020 | Posted in Canadian Economy and Interest Rates by Anabela Serra
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The Bank of Canada on Wednesday said the coronavirus outbreak was set to trigger the biggest ever near-term Canadian downturn but suspended its regular economic forecasts, ... More

Bank of Canada says coronavirus to trigger biggest slump ever, drops forecasts
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