Bank of Canada keeps key interest rate steady at 0.25%
Governor Tiff Macklem has said the rate won't move from the lower effective bound until an economic recovery is well underway, which the bank doesn't expect to happen until 2023.
View ArticleBehold, the Canadian condo market joins the COVID-19 real estate frenzy
A return of investor demand is driving a surge in home sales volumes in Toronto and Vancouver.
View ArticleBank of Canada to end emergency liquidity programs as economy improves
The Bank of Canada says it can take these steps now because corporate and provincial borrowers have "unfettered access to fully functional debt markets."
View ArticleThree ways Ottawa could cool the housing market in the federal budget
What can Ottawa do to tame runaway home prices? Three housing experts review possible policy curbs.
View ArticleConsumers expect to return to pre-COVID-19 spending within a year: Bank of...
Respondents anticipated spending more than one-third of extra savings from the COVID-19 pandemic over the next two years.
View ArticleBank of Canada keeps rates at 0.25%, raises country’s economic outlook
The Bank of Canada on Wednesday announced it is keeping its key interest rate target on hold as it raises its outlook for economic growth this year.
View ArticleStrong economic growth expected in 2nd half of 2021, Bank of Canada says
Macklem said the biggest potential cause of uncertainty was how the coronavirus progressed.
View ArticleFrom takeout to gas prices, how to protect yourself from rising inflation
Canada's inflation is inching upward. Here's why and how long it might last.
View ArticleCanadian households are taking on too much debt, Bank of Canada warns
The Bank of Canada says its concerns are mounting that households are piling on too much debt and posing what the central bank says is a key vulnerability to the economy.
View ArticleCanada’s digital loonie would be greener than Bitcoin, Bank of Canada says
Deputy governor Timothy Lane said Wednesday that the central bank has looked at the environmental impacts as part of its research into creating its own digital offering.
View ArticleBank of Canada leaves key interest rate on hold at 0.25%
The key interest rate target has been on hold at 0.25 per cent since the onset of the pandemic last year.
View ArticleWhy the COVID-19 pandemic highlights Canada’s need for a digital currency
“Most of the Western world’s innovation in central bank digital currencies is very primitive at this point,” says on expert.
View ArticleRising interest rates will be ‘No. 1 issue’ for Canada’s housing market,...
Interest rates will eventually rise — that's the biggest risk facing the housing market, and perhaps the entire Canadian economy, some economists warn.
View ArticleHiring intentions hit all-time high as pandemic restrictions ease: Bank of...
The Bank of Canada's business outlook survey shows most businesses across the country and sectors plan to hire over the next 12 months.
View ArticleBank of Canada names Carolyn Rogers new senior deputy
The Bank of Canada is naming Carolyn Rogers as its new senior deputy governor.
View ArticleBank of Canada holds key interest rate at 0.25%, cuts growth forecast for 2021
The central bank says it expects the economy to grow 6.0 per cent in 2021, down from its previous forecast of 6.5 per cent.
View ArticleBank of Canada will move to cool inflation if price spikes look more...
Tiff Macklem says the Bank of Canada largely expects higher prices right now are temporary.
View Article‘Try to overwhelm it’: Bank of Canada governor reflects on navigating a...
"When you're hit with a true crisis, you need to try to overwhelm it. You need an overwhelming response, you have to step beyond the normal responses," Macklem said.
View ArticleBank of Canada joins growing list of employers looking to hybrid work model
COVID-19 infections in Canada have reduced significantly in recent months and provinces are reopening for business after pandemic-induced lockdowns forced them shut.
View ArticleDon’t ‘overreact’ to temporary inflation, Bank of Canada governor says
Canada's inflation rate slowed more than expected in June to 3.1 per cent, down from a decade-high 3.6 per cent in May, data showed on Wednesday.
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