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One year after the Bank of Canada’s aggressive rate hike cycle began, economists widely expect the central bank will stick to its plan of holding its key interest rate steady at its next scheduled announcement. In making its rate decision next week, the central bank likely feels assured about its …
Read More »Bank of Canada set to release summary explaining latest interest rate hike – National
The Bank of Canada will release a summary of its deliberations on the latest interest rate hike later Wednesday, the first time the central bank is giving Canadians a peek behind the curtain into its decision-making process. The bank last year announced it would start publishing these summaries about two …
Read More »Freeland to meet provincial and territorial finance ministers in Toronto
By Staff The Canadian Press Posted February 3, 2023 6:17 am Updated February 3, 2023 6:19 am Descrease article font size Increase article font size Deputy Prime Minister and Finance Minister Chrystia Freeland is hosting an in-person meeting Friday with the provincial and territorial finance ministers in Toronto. The meeting …
Read More »Bank of Canada not ready to hit the brakes on rate hikes yet, economists say – National
Economists don’t believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet, even as signs grow that inflation is easing and the economy is softening. Canada’s central bank is expected to announce its eighth consecutive rate increase on Wednesday, with most commercial …
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