Economy: Bank of Canada Raises Overnight Rate to 5% As expected by financial circles, the Bank of Canada has raised its overnight interest rate by a quarter percentage point, or 0.25%, bringing it to 5%, the highest level since spring 2001. The majority of economists and financial analysts anticipated this decision, as the Canadian economy […]
The Bank of Canada’s Next Steps as Inflation Rate Plunges in May A Sharp Drop in Inflation Rate According to Statistics Canada, the annual inflation rate for May in Canada dropped by a full percentage point to 3.4 per cent. This comes as a surprise to most economists who had anticipated a more modest drop […]
Posthaste: Canada’s housing market is hot again — expect it to stay that way, economists say Introduction Canada’s housing market has experienced a significant resurgence, driven by a combination of low interest rates, increased housing demand, and limited housing supply. As a result, economists are predicting that this hot streak is likely to continue in […]
Annual Inflation Rate Drops, but Bank of Canada May Still Consider Rate Hike The annual rate of inflation in Canada dropped sharply last month, but some economists argue that this slowdown might not be enough to deter the Bank of Canada from considering another interest rate hike in July. According to Statistics Canada, the annual […]
Banque du Canada enhances its overnight rate to 4.75% amidst economic recovery and inflation concerns La Banque du Canada a augmenté son taux directeur de 0,25% pour atteindre 4,75%, reflétant la reprise économique en cours du pays. Le gouverneur de la banque, Tiff Macklem, a cité des signes positifs d’une économie en croissance, notamment une […]
Canadians Should Prepare for Hike in Interest Rates this Week or Next Month Introduction There are speculations among the market and economists that the Bank of Canada will raise interest rates this week or next month. The central bank of Canada had earlier taken a pause on raising interest rates once it rose from near […]