Canada Interest Rate

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…

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…

By Staff The Canadian Press Posted December 15, 2022 6:23 am Descrease article font size…

Bank of Canada Governor Tiff Macklem is expected to make an end of the year speech Monday afternoon. The remarks come after the central bank hiked its key interest rate by half a percentage point on Wednesday, bringing it to 4.25 per…

A day after the Bank of Canada signalled it would be open to a pause on interest rate hikes in 2023, an official with the central bank said it was “still prepared to be forceful” with its policy rate should the economy fail to slow as…

Prime lending rates at major Canadian banks rose across the board following the Bank of Canada’s latest oversized interest rate hike Wednesday. RBC, TD Bank, BMO, CIBC, Scotiabank and National Bank all said since Wednesday that they…

The Bank of Canada capped off its 2022 interest rate schedule with another increase on Wednesday, with some Canadian mortgage holders paying roughly $1,400 more per month on their home loans following a year of aggressive hikes. The…

The Bank of Canada estimates half of Canadian homeowners who took out a variable-rate mortgage with fixed payments have already hit their trigger rate. Hitting a trigger rate means a mortgage holder is no longer paying down any…

The country’s low unemployment rate is not sustainable and is contributing to decades-high inflation, Bank of Canada Governor Tiff Macklem said during a speech in downtown Toronto Thursday. Speaking before students and researchers at…

‘Tis the season to spend less and worry. That’s how many Canadians are feeling ahead of the winter holidays this year as they grapple with high inflation and soaring interest rates. In a new Ipsos poll done exclusively for Global News…