Bank of Canada hikes key rate by half percentage point, signals possible pause
After its seventh consecutive increase since March, the central bank signaled it may pause its aggressive rate hike cycle.
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Bank of Canada
BoC expected to end year off with one more rate increase, likely to pause hikes soon
Forecasters anticipate the central bank will raise its key interest rate, which is currently at 3.75 per cent, by either a quarter or half a
Long term rate hikes effects will be ‘more powerful’ than people think: Poloz
Speaking at a conference hosted by Western University’s Ivey Business School in Ottawa on Thursday, the former governor warned today’s economy is more sensitive to
Inflation relief measures should be well targeted and temporary, says Macklem
The federal government along with provincial governments have responded to high inflation with measures aimed at softening the blow on Canadians’ finances.
Canada’s annual inflation rate was unchanged in October
Canada’s annual inflation rate held steady at 6.9 per cent last month.
Canadians, economists alike saw little relief from inflation in October: forecasters
Inflation has been heading lower in recent months, but Canadians likely haven’t noticed as gas prices went up and grocery costs continued to soar last
Canada’s low unemployment rate is unsustainable, contributing to inflation: Macklem
Canada’s low unemployment rate is not sustainable and is contributing to decades-high inflation, Bank of Canada governor Tiff Macklem said during a speech in downtown
Bank of Canada raises interest rate by half percentage point, says more hikes to come
Economists were split on whether the Bank of Canada would go with half or three-quarters of a percentage point hike ahead of today’s decision.
Bank of Canada expected to raise interest rates on Wednesday as recession fears grow
Wednesday’s announcement would make it the sixth consecutive time the Bank of Canada raises interest rates this year in response to decades-high inflation.
Canada’s hotter than expected inflation reading sets stage for another rate hike
In its latest consumer price index report, Statistics Canada said the slight deceleration from 7.0 per cent inflation in August is mostly attributed to lower
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