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 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 […]
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 […]
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 […]
The Impact of Interest Rate Decisions on Canada‘s Economy Introduction The Bank of Canada‘s decision on interest rates has significant implications for the country’s economy, affecting everything from borrowing costs to inflation rates. As economists speculate on the outcome of the next interest rate decision, it is crucial to evaluate the potential consequences of such […]
Former Bank of Canada Governor Predicts High Interest Rates until 2025 Inflation target relies on prolonged period of elevated interest rates A former Governor of the Bank of Canada, David Dodge, has stated that Canada‘s central bank will need to keep interest rates high for the next two years in order to reach its target […]
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 […]
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 […]
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 […]