Bank of Canada

Canada’s six biggest banks raised their prime lending rates following an eighth consecutive increase to the Bank of Canada’s benchmark interest rate. The central bank’s target for the overnight rate now sits at 4.5 per cent following…
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The Bank of Canada is set to announce its latest interest rate decision Wednesday morning as markets widely expect the central bank to hike its key interest rate by a quarter of a percentage point. That would bring its key interest…
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The Bank of Canada will offer minutes from its policy-setting meeting this week for the first time in its history, a move some analysts say will help restore credibility lost last year amid soaring inflation and encourage…
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What goes up doesn’t necessarily come down. That’s contrary to the sentiment of a surprisingly large proportion of respondents to the Bank of Canada’s quarterly consumer expectations survey, released last week.According to the survey,…
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Economists don’t believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet, even as signs grow that inflation is easing and the economy is softening. Canada’s central bank is expected to announce…
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Economists, market watchers, businesses and everyday Canadians are all asking the same question lately as inflation and interest rates take a bite out of household finances: are we headed for a recession? A majority of business owners…
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The Bank of Canada will release its business outlook and consumer expectations surveys Monday morning. The surveys will provide insight on how inflation expectations among businesses and consumers have evolved in the fourth…
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Canada’s finance ministry said on Thursday it was appointing three new directors to the Bank of Canada’s board, which selects the central bank’s governor and provides general oversight of the management and administration of the…
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The Bank of Canada may lose up to $8.8 billion over the next few years, according to a new report warning the central bank may run into a communications challenge as a result of the losses. The report from the C.D. Howe Institute…
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Canadian workers faced an uphill battle trying to keep pace with inflation in 2022, jobs figures show, a struggle that experts say forces hard decisions for low-income workers who aren’t making a living wage. Statistics Canada’s…
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