canadian economy and interest rates News and Articles | My Blog
Bank of Canada announces key interest rate decision
4/10/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
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 to keep rates on hold this week, first cut seen as early as June
4/8/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
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
Inflation expectations cast shadow on BoC's rate decision
4/3/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Economists question their forecasts as inflation expectations challenge anticipated rate cuts
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Inflation metrics give BoC room to talk cuts
3/19/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Economists widely expect central bank to start cutting rates in June
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Is it time for aggressive rate cuts?
3/19/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
'I hope they're not tepid,' says expert about BoC's upcoming decisions
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Bank of Canada makes interest rate decision
3/9/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Bank of Canada elected to hold interest rates steady at 5 per cent.
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Bank of Canada expected to hold interest rates this week as grey cloud hangs over economy
3/4/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
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
Inflation slows more than expected in January
2/20/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
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
2024 rate-cut forecasts being revised following today's mixed-bag jobs report
2/9/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
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
Market participants still expect the first Bank of Canada rate cut in April
2/5/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
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
Bank of Canada's rate-cut timing uncertain as economic growth beats expectations
1/31/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
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 reveals first rate decision of 2024
1/24/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
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's Macklem says 'too early' to consider rate cuts
12/15/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
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
Canada's profligate spending forced interest rates higher: Scotiabank
11/20/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
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
BoC to begin rate cuts by 2024's second quarter, market players say
11/7/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year
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Interest rates may stay higher for good: Bank of Canada's Carolyn Rogers
11/9/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Bank of Canada’s No. 2 official urged preparation for interest rates staying elevated for longer.
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No more rate hikes expected as unemployment rate rises to 21-month high
11/3/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
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
Upcoming mortgage renewals part of why BoC held rate at 5 per cent: Macklem
11/1/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
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
Bank of Canada delivers rate hold, but maintains hawkish bias
10/25/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
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 likely to begin cutting rates in mid-2024: CIBC's Tal
10/18/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The overnight rate could settle around 3%, according to leading economist
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