By Nojoud Al Mallees, The Canadian Press Posted Jan 24, 2024 02:00:00 AM The Bank of Canada is turning its attention to when it may be able to start cutting interest rates, governor Tiff Macklem said Wednesday as he announced the central bank’s decision to hold its key rate at five per cent. “With overall demand in the economy no … Read More
By Martin MacMahon Posted Dec 5, 2023 07:37:36 AM. It’s been a rough couple of years for people with variable-rate mortgages, and many are watching to see what the Bank of Canada does with its key rate on Wednesday. The feeling from most economists is that the Bank of Canada will maintain its five per cent rate. “It’s far from … Read More
By Mike Lloyd Posted Oct 25, 2023 10:58:14 AM. Last Updated Oct 25, 2023 02:31:39 PM There’s no question it has been difficult for many Canadians to deal with aggressive interest rate hikes over the past year and a half, but it seems more likely there is light at the end of the tunnel. The Bank of Canada once again … Read More
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