Canada Interest Rate

The Bank of Canada is facing renewed calls for another interest rate hike after a surprise uptick in inflation last month. The annual inflation rate in April rose slightly to 4.4 per cent, compared with 4.3 per cent in March,…

Canada’s housing market continues to bounce back this spring as appetite from buyers is “vastly outpacing” supply coming from sellers, according to the Canadian Real Estate Association. CREA said in a release Monday that April’s home…

Higher mortgage rates are souring many Canadian homeowners’ views on the housing market overall, a new survey suggests. The Canada Mortgage and Housing Corp. (CMHC) released the results of the survey on Wednesday that polled some…

The Bank of Canada is not yet concerned about the impact of rapidly rising mortgage rates on the overall health of the country’s housing market. That was the message from governor Tiff Macklem when he was asked after a speech to the…

The Bank of Canada is warning that higher mortgage rates tied to its rapid policy rate hikes over the past year will test some Canadian households’ finances in the months to come. The central bank’s latest projections about the impact…

The Bank of Canada is expected to hold its key interest rate steady this week as inflation continues to slow, despite other data suggesting the economy is still running hot. The central bank is set to announce its next interest rate…

Insolvency trustee Doug Hoyes encounters a lot of Canadians with money troubles, but he’s become particularly sympathetic to the plight of young people who find themselves financially underwater. For more than a decade, his…

The Bank of Canada held its benchmark interest rate steady on Wednesday — a decision real estate players and economists say will have major implications for the Canadian housing market. After all, most market watchers point to the…

The Bank of Canada will release a summary of its deliberations on the latest interest rate hike later Wednesday, the first time the central bank is giving Canadians a peek behind the curtain into its decision-making process. The bank…

The Bank of Canada is set to publish its first summary of deliberations Wednesday, giving Canadians a peak into the governing council’s reasoning behind its decision to raise interest rates last month. Following a recommendation from…