By David Ljunggren and Promit Mukherjee OTTAWA, Jan 28 (Reuters) – The threat to the independence of the U.S. Federal Reserve is boosting economic uncertainty around the world,…
Read more Threat to Fed’s independence boosts economic uncertainty, says Bank of Canada headHere’s what you need to know about the state of inflation in Canada. A modest increase in inflation leaves policy-makers focused on the bigger picture Statistics Canada says…
Read more Tariffs, government spending, gas prices—what’s driving inflation right now? – MoneySenseGovernor Tiff Macklem said the risks have shifted since the bank’s last interest rate decision in July. Cracks in the labour market and a sharp drop in exports…
Read more Bank of Canada cuts interest rates to combat slowing economy – MoneySenseThe annual rate of inflation fell to 1.7% in July, Statistics Canada said Tuesday (Aug. 19), down from 1.9% in June. The reading was a tenth of a…
Read more Inflation fell to 1.7% in July – MoneySenseWhat is slowing Canada’s economy down? What’s growing? The manufacturing sector was the largest drag on the economy, followed by utilities, wholesale and trade and transportation and warehousing.…
Read more Canada’s economy news: Are we growing enough? – MoneySenseChanges to the BoC rate impacts the prime rate set by Canadian lenders, which in turn affects the pricing of variable-based borrowing products, which are based on the…
Read more Making sense of the Bank of Canada interest rate decision on October 23, 2024 – MoneySenseThe half-percentage point interest rate cut marks the fourth consecutive reduction since June and brings the central bank’s policy interest rate down to 3.75 per cent. With annual…
Read more Bank of Canada delivers half percentage point rate cut – MoneySense17. 2018: Transitioning to more protectionist policies, the United States initiated a renegotiation of the North American Free Trade Agreement (NAFTA)—brought into force in 1994. The Canadian government…
Read more 25 personal finance highlights from the last 25 years – MoneySenseAs inflation sharply accelerated in 2022, household purchasing power declined. Meanwhile, the Bank of Canada rapidly increased its key interest rate from its pandemic-era lows, bringing it up to 5%…
Read more How has inflation affected Canadians’ finances in recent years? – MoneySenseIn the company’s fall economic outlook released Thursday, it forecasts the central bank’s interest rate will fall to 3.75% by the end of this year and a neutral…
Read more Deloitte Canada predicts more economic growth, benchmark rate below 3% in 2025 – MoneySenseAre more rate cuts likely? In announcing the rate cut Wednesday, Bank of Canada governor Tiff Macklem said if inflation continues to ease broadly in line with the…
Read more Variable mortgage rates regaining traction as Bank of Canada cuts rates – MoneySenseWhat does the rate cut mean? The immediate impact of today’s rate cut will be interest rate relief for Canadians. As a result of today’s rate cut, most…
Read more Making sense of the Bank of Canada interest rate decision on September 4, 2024 – MoneySenseBond yields have a “positive correlation” with fixed mortgage rates. That means when bond yields go up, so do fixed-rate mortgages, and vice versa. And since Canadian five-year…
Read more The after-effect of market lows: a drop in fixed mortgage rates – MoneySenseAnxiety over the U.S. economy Despite some signs of cooling, the U.S. economy kept chugging along even with higher rates, outpacing Europe and Asia. Then came last week’s…
Read more Why did the stock markets fall? – MoneySenseWhat is the Bank of Canada’s interest rate? This latest decrease brings the central bank’s rate—which sets the benchmark for Canada’s prime rate and variable-rate borrowing products—to 4.5%.…
Read more Making sense of the Bank of Canada interest rate decision on July 24, 2024 – MoneySenseFor most Canadians, using a broker is the wisest choice to save money, as they have access to a wider selection of products and should have more experience…
Read more Mortgage broker vs. bank—which will save you more money? – MoneySenseBank of Canada governor Tiff Macklem has suggested the federal budget presented last month wouldn’t have much of an effect on inflation. Since last summer, the governing Liberals…
Read more Canada’s inflation rate falls to 2.7% in April, driving up odds of June rate cut – MoneySenseSentiment around the interest rate decision The rate hold was largely anticipated by markets and economists. Many hoped it to be the central bank’s last hold before pivoting…
Read more Making sense of the Bank of Canada interest rate decision on April 10, 2024 – MoneySenseMeanwhile, Canada’s rise in unemployment comes as high borrowing costs weigh on businesses and strong population growth continues to add to the country’s labour supply. The unemployment rate…
Read more High interest rates and unemployment: Expectations for June’s rate announcement – MoneySenseThat’s according to the central bank’s summary of deliberations detailing the discussions governing council members had in the lead-up to the March 6 interest rate announcement. What did…
Read more BoC expects to cut rates this year, governing council split on timing: deliberations – MoneySense
