Bank of Canada Financial News

12.07 / 14:17

inflation interest rate Bank of Canada Canada economy Bank of Canada interest rate Canada Interest Rate Bank of Canada raises policy rate to highest level in 22 years

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.”

11.07 / 08:13

inflation interest rate Bank of Canada Mortgages Rising interest rates worry 7 in 10 Canadians — and another hike could be coming

A growing number of Canadians are worried that interest rates are rising faster than they keep up, new polling suggests, just as many economists expect the Bank of Canada will deliver another rate hike this week.

10.07 / 21:19

inflation Interest rates Bank of Canada Debt More than half of Canadians $200 away or less from missing bill payments: MNP

A report by insolvency firm MNP Ltd. says 52 per cent of Canadians say they are $200 away or less from not being able to pay all of their bills at the end of the month as higher interest rates and a rising cost of living have stretched budgets.

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.

07.07 / 15:59

interest rate Bank of Canada Canada economy Unemployment Unemployment Rate Canada’s unemployment rate rose in June as 60K jobs added

Canada’s unemployment rate rose to 5.4 per cent in June even as the country’s employers kept hiring, according to Statistics Canada.

05.07 / 17:15

inflation interest rate Bank of Canada Canada’s labour market is showing signs of slowing. Will it help bring inflation down?

Early signs of wage growth slowing are an indicator the Bank of Canada’s fight against inflation is slowly gaining ground, economists said, but it’s too soon to tell whether Canadians will regain the purchasing power they lost amid sustained price growth.

30.06 / 10:55

inflation interest rate Bank of Canada Statistics Canada set to release GDP report for April

A pair of key economic reports are due out Friday morning.

26.05 / 15:29

CBDC Adoption regulation Federal Reserve Bank of England ECB Bank of Canada retail CBDC 7 central banks and BIS continue examination of ongoing policy issues for retail CBDC

The Bank for International Settlements (BIS) and a group of central banks have published a paper detailing their “ongoing policy perspectives” on a retail central bank digital currency (rCBDC). The new publication is the fifth from the same authors.

09.05 / 01:23

CBDC Adoption Central Bank Digital Dollar Bank of Canada Canada's central bank asks citizens what they want in a digital dollar

Canadians are being asked to submit what features they want included in a potential digital Canadian dollar with the country’s central bank opening a consultation to the public.

22.04 / 05:11

Blockchain Bank of Canada Bitcoin Financial 3 questions on financial literacy Bitcoiners flunk: Bank of Canada

A study from the Bank of Canada found that Bitcoiners on average have lower financial literacy than those who don’t own Bitcoin (BTC).

14.04 / 23:55

business Adoption Bank of Canada Quantum computing firm simulates adoption of crypto payments

Multiverse Computing, a quantum computing firm with offices in Canada and Spain, has partnered with the Bank of Canada to run simulations on how the adoption of cryptocurrency might proceed as a payment method.

Bank of Canada Financial News

popular questions about Bank of Canada

What is Bank of Canada and why is it important?

Where can I find the latest updates on Bank of Canada?

How can I verify the accuracy of information on Bank of Canada?