Bank of Canada interest rate Financial News

15.08 / 13:29

inflation interest rate Bank of Canada Bank of Canada interest rate Inflation jumps up to 3.3% in July thanks to high gas prices

The annual rate of inflation rose to 3.3 per cent in July, Statistics Canada said Tuesday.

03.10 / 17:45

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Bank of Canada deputy governor Nicolas Vincent says businesses are still raising their prices more frequently and by larger amounts than they did before the pandemic, which is contributing to higher-than-expected inflation.

19.09 / 12:59

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The annual rate of inflation picked up again in August, rising to four per cent, according to Statistics Canada.

13.09 / 22:33

interest rate Bank of Canada Bank of Canada interest rate Canadians are borrowing less and getting paid more amid higher interest rates

Higher interest rates are putting Canadians off borrowing, Statistics Canada said Wednesday, while boosts in income are helping to offset higher debt-servicing costs.

07.09 / 19:35

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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 / 16:15

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The Bank of Canada hit pause on its interest rate hiking cycle on Wednesday, leaving its policy rate unchanged at 5.0 per cent.

15.08 / 10:07

inflation interest rate Oil and Gas Bank of Canada Bank of Canada interest rate end A factor cooling inflation could soon end. What it means for the Bank of Canada

The waning of a factor helping to push down inflation means the Bank of Canada will be relying on a pronounced slowdown in the economy this fall to keep prices from rising more, experts say.

27.07 / 17:01

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As the Bank of Canada’s interest rates hikes ratchet up the pain on borrowers, traditional wisdom says better savings rates might follow.

27.07 / 02:53

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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.

19.07 / 23:05

interest rate Canada housing market Bank of Canada interest rate Home prices spring Upsizing buyers drove demand in Canada’s housing market this spring: Re/Max

Buyers looking to upsize their homes drove the surge of housing activity between interest rate hikes in the first half of the year, according to a new report from Re/Max Canada.

16.07 / 01:15

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This article is part of Global News’ Home School series, which gives Canadians the basics they need to know about the housing market that they never learned in school.

14.07 / 21:47

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A return to Bank of Canada interest rate hikes and growth in new listings started to cool off the housing market in June, according to the Canadian Real Estate Association.

12.07 / 14:17

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The Bank of Canada has raised its benchmark interest rate by another 25 basis points, bringing it to levels not seen since 2001 amid fears the decline in inflation “could stall.”

08.07 / 19:47

interest rate Bank of Canada Mortgages Bank of Canada interest rate Stretching mortgage amortizations could cost you more than you think

Extending amortizations for Canadians struggling with mortgage payments is a common way for lenders to offer some relief amid higher interest rates — but experts and regulators are warning the strategy can come with unseen costs and risks for consumers.

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