Bank of Canada announces changes to Overnight Reverse Repo operations Introduction The Bank of Canada recently announced significant changes to its Overnight Reverse Repo (ONRRP) operations. These changes, aimed at enhancing the central bank’s monetary policy toolkit, have sparked discussions among experts and market participants. This report will delve into the key aspects of the […]
Bank of Canada Maintains Key Interest Rate, Continues Quantitative Tightening Introduction The Bank of Canada announced today that it will be keeping the target overnight rate steady at 5%. The official discount rate remains at 5.25% and the deposit rate at 5%. Additionally, the Bank will continue its policy of quantitative tightening. Globally, the economy […]
Bank of Canada maintains key interest rate and continues quantitative tightening Economic Outlook The Bank of Canada announced today that it will maintain the target for the overnight rate at 5%. The bank rate remains at 5¼% and the deposit rate at 5%. Additionally, the Bank will continue its policy of quantitative tightening. Globally, the […]
A Timeline of Bank of Canada Rate Hikes Introduction The Bank of Canada has been on a rate-hiking spree over the past year and a half, raising interest rates from a low of 0.25 per cent in March 2022 to the current rate of five per cent. However, with inflation showing signs of trending downward […]
The Bank of Canada Expected to Hold Key Interest Rate Steady Amid Slower Economic Growth Introduction OTTAWA — The Bank of Canada is expected to keep its key interest rate unchanged this week as the Canadian economy grapples with higher interest rates and a downward trend in inflation. Despite the central bank’s previous indication that […]
A timeline of Bank of Canada rate hikes By Published: October 25, 2023 Introduction The Bank of Canada has raised its interest rates to five per cent over the past year and a half, from a low of 0.25 per cent in March 2022. With inflation trending downward and the economy showing signs of slowing, […]
Bank of Canada Expected to Hold Interest Rates, but Be Prepared for Surprises Economic Slowdown and Rate Decision As signs of a slowing economy emerge in Canada, all eyes are on the Bank of Canada as it prepares to make its latest interest rate decision. The central bank is widely expected to hold rates steady […]
Doug Ford Urges Bank of Canada to Stop ‘Crushing’ Interest Rate Increases Premier challenges Bank of Canada’s argument Ontario Premier Doug Ford has called on the Bank of Canada to refrain from further interest rate hikes, stating that such increases would inflict additional harm on struggling families and businesses. In an open letter to Bank […]
Finance Minister Ford‘s Impact on Bank of Canada and Prime Minister’s Decision on Interest Rate Hikes The Role of Finance Minister Ford Finance Minister Ford has recently been at the center of discussions regarding the Bank of Canada and the decision to increase interest rates. With his background in finance and economics, many are curious […]
The Inflation Dilemma: A Cause for Concern at the Bank of Canada Economists Warn of Rising Inflation Rate Canadian economists are expressing concern over the recent rise in the annual inflation rate in July, which reached 3.3 percent nationally, exceeding the Bank of Canada’s target range of one to three percent. This increase is attributed […]