Bank of Canada preview: Possible first rate pause in 12 months expected this week
March 06, 2023 - After delivering eight consecutive rate hikes over the past year, the Bank of Canada is finally expected to leave rates unchanged when it meets this week.
In a statement from its January meeting, the BoC said, “…if economic...
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening
October 26, 2022 - The Bank of Canada today increased its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is also continuing its policy of quantitative tightening.
Inflation around the world remains high...
March Inflation of 6.7% Sends BoC Rate Hike Expectations Higher
April 22, 2022 - Inflation continued to heat up in March, raising market expectations for future Bank of Canada rate hikes.
Headline consumer price inflation topped an annual rate of 6.7% last month, up from 5.7% and above expectations for a 6.1% reading,...
Reaction to the 2022 Budget Housing Initiatives
April 08, 2022 - Heading into Thursday’s federal budget, it was no secret that measures aimed at addressing housing affordability would figure prominently.
The general consensus following the release of the budget was that the measures are unlikely to do...
Bank of Canada Preview: Omicron Throws Rate Hike Forecasts into Question
December 08, 2021 - While markets are pricing in the first Bank of Canada rate hike by March, some economists say the uncertainty of the new Omicron Covid-19 variant could put that timing into question.
“Omicron threatens to delay some [central bank rate...
Bank of Canada maintains policy rate
September 08, 2021 - The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance on...
These tax changes could open up more options for real estate investors, homeowners and renters of all ages
March 02, 2021 - There was no federal budget in 2020 due to the pandemic, so the upcoming budget will be the first in two years. As home prices continue to rise, there may be tax incentives that could benefit renters, investors and seniors without further...
Bank of Canada governor sees signs of 'excess exuberance' in real estate market
February 26, 2021 - HUNTSVILLE, ONT. -- Over the past year, one thing has become abundantly clear as we work from home. We now know with crystal clear clarity what our homespace should look like. If it didn't meet your new expectations, you likely have...
Bank of Canada holds rate steady at 0.25% even as it expects economy to shrink until March
January 20, 2021 - Central bank expects economy to grow by 4 per cent this year, almost 5 per cent in 2022.The Bank of Canada elected to keep its benchmark interest rate steady at 0.25 per cent on Wednesday, reiterating its pledge to keep it there "until the...
Canadian dollar rallies along with rebound in oil prices
April 22, 2020 - The Globe and Mail: The Canadian dollar strengthened against its U.S. counterpart on Wednesday as a rebound in oil prices overshadowed domestic data showing a five-year low for inflation.
At 9:49 a.m. (1349 GMT), the Canadian dollar was...