By The Canadian Press Last Updated Sep 6, 2023, 8:30AM MDT. The Bank of Canada held its key interest rate steady at five per cent on Wednesday, deciding against another rate hike as the economy begins to falter. “With recent evidence that excess demand in the economy is easing, and given the lagging effects of monetary policy, governing council decided to … Read More
By The Canadian Press Posted Jul 12, 2023, 7:26AM MDT 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 … Read More
By The Canadian Press Posted Apr 12, 2023, 8:32AM MDT. The Bank of Canada is once again holding its key interest rate steady at 4.5 per cent but isn’t ruling out the possibility of more rate hikes down the line. The central bank said Wednesday that recent economic data is reinforcing its confidence that inflation will continue to fall in the … Read More
Canadian PressMar 8, 2023 10:40 AM Elevated borrowing costs are expected to slow the economy down this year as people and businesses pull back on spending. The Bank of Canada is holding its key interest rate at 4.5 per cent while reiterating it is taking a watch-and-decide approach with monetary policy.At its last announcement on Jan. 25, the Bank of … Read More
Bank says 3rd wave of pandemic dampening economic activity in 2nd quarter CBC News · Posted: Jun 09, 2021 10:42 AM ET | Last Updated: June 9 The Bank of Canada decided to keep its benchmark interest rate steady at a record-low 0.25 per cent on Wednesday. The central bank also said it would maintain its bond purchases at a target pace … Read More
BY THE CANADIAN PRESS Posted Jan 20, 2021 8:24 am MST Last Updated Jan 20, 2021 at 12:05 pm MST OTTAWA – The Bank of Canada is keeping its key interest rate target on hold at 0.25 per cent. The central bank is citing the economic conditions and ongoing uncertainty from the pandemic as reasons for its decision. It also says … Read More
BY THE CANADIAN PRESS Posted Oct 28, 2020 10:10 am MDT The Bank of Canada is keeping its key interest rate on hold as it says the country’s economy won’t fully recover what was lost to COVID-19 until 2022, with the road to there dependent on the path of the pandemic. The central bank is holding its overnight rate target at … Read More
Jessy Bains Yahoo Finance Canada June 4, 2020 Qualifying for a mortgage is about to get harder for anyone who doesn’t have at least a 20 per cent down payment for a home, which is likely to have an outsized effect on first-time buyers. Canada Mortgage and Housing Corporation (CMHC) is tightening its rules to qualify for an insured mortgage. … Read More
BY THE CANADIAN PRESS Posted Sep 4, 2019 8:05 am MDT OTTAWA — The Bank of Canada is holding steady on interest rates as it gauges the extent of the damage that deepening trade conflicts have had on the domestic and global economies. The rate decision, which was widely expected, keeps the central bank’s overnight rate at 1.75 per cent and follows a solid second-quarter rebound for the Canadian economy. In the … Read More
Roughly 50/50 odds of a rate hike next month Pete Evans · CBC News · Posted: Apr 18, 2018 10:09 AM ET | Last Updated: April 18 The Bank of Canada decided to keep its benchmark interest rate right where it is on Wednesday, but warned of rate hikes to come as inflation heats up. The target for the overnight … Read More