Tiff Macklem News

16.10 / 16:41

COST UPS Target Fighting economy pandemic Canadian firms see inflation easing somewhat amid flagging demand

By Steve Scherer and David Ljunggren

29.09 / 18:11

UPS Target FIVE Manufacturing economy reports Canada's economic growth misses forecasts, backing interest rate pause

The Canadian economy rebounded slightly last month but still saw little growth, backing a case for the central bank to keep rates on hold despite inflation remaining elevated.

26.09 / 21:11

COST UPS FIVE economy Bank of Canada hikes done, but interest rates to stay high: economists

The Bank of Canada will hold its key interest rate near the current level of five per cent until the third quarter of 2024, economists say, with growth picking up momentum to end this year.

08.09 / 00:41

interest rate Bank of Canada Jagmeet Singh Bank of Canada ‘remains independent’ amid political comments: Macklem

Bank of Canada governor Tiff Macklem reaffirmed the central bank’s independence on Thursday in response to politicians weighing in on the institution’s interest rate decisions over the past week.

07.09 / 19:35

interest rate Bank of Canada Bank of Canada interest rate Canada Interest Rate Bank of Canada rate Higher interest rates are ‘painful’ but ‘worth it’: Bank of Canada’s Macklem

The head of the Bank of Canada says the central bank’s two per cent inflation target is “now in sight” but cautions that persistent price pressures might require additional interest rate hikes.

06.09 / 18:05

UPS Target FIVE BAY Labrador country Bank of Canada holds interest rate at 5% as economy weakens

The Bank of Canada held interest rates steady and kept the door open to further hikes, with economists seeing its historic tightening cycle at its likely end point.

06.09 / 10:47

UPS CIBC show pop rate hikes Time Posthaste: Why Bank of Canada rate hikes might really be over this time

It looks like British Columbia Premier David Eby might get his wish.

05.09 / 18:43

inflation Interest rates interest rate Housing Bank of Canada Canada housing Bank of Canada faces political pressure to hold rates. But will it matter?

Two premiers have sent letters to Bank of Canada governor Tiff Macklem urging the central bank to halt interest rate hikes ahead of its next rate decision Wednesday.

31.08 / 13:55

COST UPS FIVE BAY Posthaste: Economists read the tea leaves of Bank of Canada's July rate hike to decipher its next move

With the Bank of Canada on a communications hiatus this month, two economists have read the tea leaves in governor Tiff Macklem’s comments at the July interest rate hike to decipher the bank’s next move — and arrived at diverging conclusions.

15.08 / 14:27

COST Progressive Waters Extreme show track Canada Inflation Quickens to 3.3% But Core Measure Shows Progress

(Bloomberg) — Inflation ticked back above the Bank of Canada’s control range in July, but progress on underlying price pressures leaves room for policymakers to pause interest-rate hikes.

03.08 / 15:15

COST Fighting show track cover NOT Posthaste: 'Greedflation' not to blame for rising prices, Bank of Canada research says

Companies accused of “greedflation” as the costs for goods and services hit multi-decade highs did not take advantage of inflation to raise prices more than necessary, new research from the Bank of Canada suggests, challenging recent statements made by bank officials.

27.07 / 02:53

inflation interest rate Bank of Canada Bank of Canada interest rate Canada Interest Rate Bank of Canada prepared to raise rates further if inflation progress stalls

The Bank of Canada’s policymakers said they are still prepared to raise their benchmark interest rate further even as they hiked rates to their highest level in 22 years earlier this month.

26.07 / 15:07

COST UPS Citi Gap country Canada's immigration creates 'mirage' of economic prosperity - economists

By Steve Scherer and Fergal Smith

21.07 / 16:33

COST UPS Progressive show Retail sales start to stall as higher interest rates bite

Canadian consumers may be ready to wind down their spending, with retail sales data showing waning momentum at the end of the second quarter.

17.07 / 20:41

UPS Target FIVE How immigration could be impacting the Bank of Canada's efforts to bring down inflation

Demand created from a record influx of immigrants could be one factor keeping inflation higher for longer than anticipated, some economists say, though Bank of Canada governor Tiff Macklem doesn’t appear overly worried about it.

17.07 / 18:17

inflation interest rate Bank of Canada Canada economy Canada Interest Rate analysts rate hikes Bank of Canada’s latest rate hikes are signs it made a ‘mistake’: analysts

The Bank of Canada has shifted to a less prescriptive messaging strategy than it used in January when it signaled a rate-hike pause that reignited the housing market, which added to inflation and the need to resume tightening five months later.

13.07 / 23:55

interest rate Canada housing market Canada Interest Rate Bank of Canada rate Drop rate hikes interest rate hikes Interest rate hikes have returned. But don’t expect home prices to drop

Two consecutive interest rate hikes from the Bank of Canada are expected to cool the national housing market after activity heated up in the spring, but experts warn supply is too tight for further price drops.

13.07 / 19:03

RBC CIBC Bank of Canada Big six lenders raise prime rates past 7% after Bank of Canada hike

The prime rate at Canada’s six largest banks rose in lockstep after the Bank of Canada’s latest rate hike on Wednesday, further tightening access to credit and the cost of borrowing for Canadians.

12.07 / 18:09

COST Provident Target Progressive Gap Strategy Bank of Canada Raises Rates to 5%, Sees Inflation Lingering

(Bloomberg) — The Bank of Canada raised interest rates for a second straight meeting, pushing back the timeline for inflation’s return to target while revising growth upward.

12.07 / 18:09

COST UPS FIVE Action Fighting Bank of Canada hikes rate to 5% as pandemic savings stymie inflation fight

The Bank of Canada raised the key overnight interest rate by another 25 basis points to five per cent — its highest level since 2001 — as governor Tiff Macklem suggested residual pandemic savings have delayed the impact of efforts to rein in inflation.

12.04 / 18:07

Target Bank of Canada Stands Pat on Rates on Expectation of Inflation, Growth Slowdown

OTTAWA—The Bank of Canada kept its main interest rate unchanged for a second straight decision, saying it was persuaded by recent data that inflation and economic activity are set to slow quickly in the coming months.

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