2/20/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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

Inflation slows more than expected in January

  2/9/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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

2024 rate-cut forecasts being revised following today's mixed-bag jobs report

  2/5/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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

Market participants still expect the first Bank of Canada rate cut in April

  1/31/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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's rate-cut timing uncertain as economic growth beats expectations

  1/24/2024 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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 reveals first rate decision of 2024

  12/15/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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

Bank of Canada's Macklem says 'too early' to consider rate cuts

  11/20/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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

Canada's profligate spending forced interest rates higher: Scotiabank

  11/9/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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The Bank of Canada’s No. 2 official urged preparation for interest rates staying elevated for longer.

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Interest rates may stay higher for good: Bank of Canada's Carolyn Rogers

  11/7/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year

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BoC to begin rate cuts by 2024's second quarter, market players say

  11/3/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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

No more rate hikes expected as unemployment rate rises to 21-month high

  11/1/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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

Upcoming mortgage renewals part of why BoC held rate at 5 per cent: Macklem

  10/25/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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 delivers rate hold, but maintains hawkish bias

  9/1/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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

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

  7/15/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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

How are mortgages keeping inflation high?

  6/27/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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Economists weigh in on the possibilities for the central bank’s policy rate

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When will the Bank of Canada put the brakes on its rate-hike campaign?

  6/21/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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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.

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

  6/14/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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Hawkish monetary policy and inflation posing headwinds for borrowers, latest figures suggest

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

  6/13/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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The Bank of Canada will have to keep rates higher for longer unless governments do more to dial back their spending, one of the country’s largest commercial lenders ... More

Governments shunting 'dirty work' on inflation to Bank of Canada, CIBC says

  6/11/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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Variable-rate borrowers will see their interest cost on their next mortgage payment rise as banks and other financial institutions have lifted their prime rates to a 22-year ... More

Prime rate reaches 22-year high of 6.95% and could rise further as rate-hike expectations grow

  6/9/2023 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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Many economists are now pencilling in another hike in July

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Why the Bank of Canada rate hike won't be one and done

  4/15/2020 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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The Bank of Canada on Wednesday said the coronavirus outbreak was set to trigger the biggest ever near-term Canadian downturn but suspended its regular economic forecasts, ... More

Bank of Canada says coronavirus to trigger biggest slump ever, drops forecasts

  3/27/2020 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement.

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Bank of Canada: Key interest rate cut to lowest level

  3/17/2020 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More

Big Six banks slash prime rates by half a point

  3/13/2020 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the ... More

Bank of Canada slashes policy rate to 0.75 per cent in surprise cut

  3/2/2020 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark ... More

BoC rate must be at 1.5%, think-tank's fiscal policy council says

  12/18/2019 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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Canadian mortgage lenders shouldn’t worry too much about the performance of their loans in 2020 according to a new report from Fitch Ratings.

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Canadian mortgage performance to remain stable in 2020

  12/5/2019 | Posted in Canadian Economy and Interest Rates by Russell Pearsall
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The Bank of Canada kept its key interest rate on hold as expected at 1.75 per cent where it has been for more than a year as it said Wednesday that ongoing trade conflicts and ... More

Bank of Canada keeps key interest rate target on hold
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