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canadian economy and interest rates News and Articles | My Blog

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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


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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


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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


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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


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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


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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


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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


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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


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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

... More


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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.

... More


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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


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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


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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.

... More


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Economists see Bank of Canada holding on rates after surprise GDP contraction

9/1/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada's rate hiking campaign may be coming to an ... More


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How are mortgages keeping inflation high?

7/15/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

The Bank of Canada hiked interest rates again this week in response to persistently high inflation, prompting questions about the role of mortgages in the ongoing battle with ... More


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BoC debated waiting until July to hike rates, but says data prompted it to act sooner

6/21/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

The Bank of Canada's governing council considered waiting until July to raise interest rates, but ultimately decided to act sooner in the face of hot economic data.

... More


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Canada's debt rises as rates cut into households' cash flow

6/14/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

Hawkish monetary policy and inflation posing headwinds for borrowers, latest figures suggest

... More


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