1/27/2023 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada hiked its key interest rate by a quarter of a percentage point Wednesday, bringing it to 4.5 per cent. Here's a look at what the rate means, how analysts ... More

Here's what another Bank of Canada rate hike means for Canadians

  1/25/2023 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada on Wednesday hiked its key interest rate to 4.5%, the highest level in 15 years, and became the first major central bank fighting global inflation to say it ... More

Bank of Canada hikes rates, becomes first major central bank to signal pause

  1/20/2023 | Posted in Canadian Economy and Interest Rates by Jason Codell
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Economists don't believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet, even as signs grow that inflation is easing and the economy ... More

BoC expected to deliver eighth consecutive rate hike, but it's probably the last one

  1/16/2023 | Posted in Canadian Economy and Interest Rates by Jason Codell
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"They are in a very difficult situation in which they have to tell you they are done without telling you they are done" ... More

Has the BoC reached an endpoint on rate hikes? CIBC's Tal gives his verdict

  12/21/2022 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The end of the central bank's rate hikes may be imminent – a development that could be a welcome boost for homebuyers ... More

Could the latest BoC announcement stabilize Canada's housing market?

  12/8/2022 | Posted in Canadian Economy and Interest Rates by Jason Codell
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"This is a significant difference in language, basically telling you that the Bank is willing to stop at this point if the data behaves" ... More

Bank of Canada could be done on hikes for now: CIBC's Tal

  12/7/2022 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada is increasing its key overnight interest rate by 50 basis points to 4.25 per cent. This is the seventh consecutive increase since the Bank began hiking rates in ... More

Bank of Canada announces another big hike

  12/4/2022 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada is expected to increase interest rates once more this week, capping off a tumultuous year for the central bank. ... More

Forecasters split on how high Bank of Canada will push next rate hike

  11/16/2022 | Posted in Canadian Economy and Interest Rates by Jason Codell
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While Governor Tiff Macklem had left the door open to another oversized increase, the inflation data was seen supporting a downshift to a standard 25-bp increase, with the option ... More

Canadian inflation holds steady, boosting chances of 25-bp rate hike

  11/3/2022 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada is almost done with its current series of rate hikes, but consumers should brace for higher borrowing costs before the end, according to central bank governor ... More

BoC's Macklem: Rate hikes nearing end, but consumer pain ahead

  10/25/2022 | Posted in Canadian Economy and Interest Rates by Jason Codell
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ven as warnings about a potential recession grow louder, the Bank of Canada is expected to announce another hefty interest rate hike on Wednesday. ... More

Bank of Canada expected to raise interest rates on Wednesday as recession fears grow

  10/18/2022 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada is closely monitoring debt burdens being shouldered across the economy over concerns they could become a threat to financial stability as interest rates rise ... More

Growing debt could threaten stability as rates rise, says Bank of Canada's Rogers

  9/7/2022 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada has increased its benchmark rate by 0.75%, marking a fifth consecutive hike in its latest effort to get surging price growth under control. ... More

Bank of Canada announces another big rate hike

  8/9/2022 | Posted in Canadian Economy and Interest Rates by Jason Codell
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A massive rate jump at the central bank’s meeting next month is a near certainty, economists say ... More

Experts: BoC rate hikes to go full steam ahead despite economic malaise

  7/14/2022 | Posted in Canadian Economy and Interest Rates by Jason Codell
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According to the Bank of Canada’s new forecast, the rate shock it just delivered will keep inflation expectations in check, restraining wage demands and price increases. ... More

Rate shock raises questions over Bank of Canada's rosy view

  6/3/2022 | Posted in Canadian Economy and Interest Rates by Jason Codell
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One day after raising the key interest rate by 50 basis points to 1.5 per cent, the Bank of Canada is warning Canadians that rates could rise above previously targeted levels in ... More

Deputy Bank of Canada governor warns key interest rate could rise above previous target of 3 per cent

  4/15/2020 | Posted in Canadian Economy and Interest Rates by Jason Codell
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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, citing ... More

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

  3/27/2020 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement. ... More

Bank of Canada: Key interest rate cut to lowest level

  3/17/2020 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More

Big Six banks slash prime rates by half a point

  3/13/2020 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the economic ... More

Bank of Canada slashes policy rate to 0.75 per cent in surprise cut

  3/2/2020 | Posted in Canadian Economy and Interest Rates by Jason Codell
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Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark policy ... More

BoC rate must be at 1.5%, think-tank's fiscal policy council says

  12/18/2019 | Posted in Canadian Economy and Interest Rates by Jason Codell
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Canadian mortgage lenders shouldn’t worry too much about the performance of their loans in 2020 according to a new report from Fitch Ratings. ... More

Canadian mortgage performance to remain stable in 2020

  12/5/2019 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada kept its key interest rate on hold as expected at 1.75 per cent where it has been for more than a year as it said Wednesday that ongoing trade conflicts and ... More

Bank of Canada keeps key interest rate target on hold

  10/21/2019 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The cost of living was higher across many products and services in September. ... More

Mortgage interest cost index slows but cost of living remains higher

  7/10/2019 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists. ... More

Bank of Canada keeps key interest rate steady

  7/3/2019 | Posted in Canadian Economy and Interest Rates by Jason Codell
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The Bank of Canada will start cutting its key lending rate in October as annual economic growth slows to one per cent in 2020, according to Capital Economics. ... More

Bank of Canada to cut rates in October, then twice more

  6/20/2019 | Posted in Canadian Economy and Interest Rates by Jason Codell
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Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold interest ... More

Inflation surges to highest in seven years, giving Bank of Canada room to hold rates

  5/6/2019 | Posted in Canadian Economy and Interest Rates by Jason Codell
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Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason. ... More

Fixed or Variable Rate?

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