BoC

Bank of Canada’s Governing Council divided over timing of future rate cuts

March 20, 2024 No Comments

While conditions for rate cuts are expected to materialize over the course of the year, the Bank of Canada itself appears divided over when exactly these conditions will be met.

Rate cuts are on the way, but not this week, economists say

March 5, 2024 No Comments

Economists expect a more dovish tone from the Bank of Canada when it unveils its interest rate decision on Wednesday.

Bank of Canada rate decision January 2023

Too soon to say when interest rates can come down: Bank of Canada

February 7, 2024 No Comments

The Bank of Canada’s Governing Council believes it’s too early to say when they can start easing interest rates, according to a summary of deliberations from its January 24 meeting.

Bank of Canada can't solve housing affordability challenge

The Bank of Canada can’t solve the country’s housing affordability problem: Macklem

February 6, 2024 1 Comment

While monetary policy plays a crucial role in the housing market, lowering interest rates isn’t a silver bullet for resolving Canada’s housing affordability crisis, Bank of Canada Governor Tiff Macklem said today.

Bank of Canada needs ‘assurance’ of 2% inflation path before cutting rates: Macklem

February 1, 2024 2 Comments

Bank of Canada Governor Tiff Macklem said the Bank will only start entertaining interest rate cuts once it has “assurance” that inflation is trending back towards its 2% target.

Bank of Canada sends dovish signals, keeping mid-year rate cut forecasts in play

January 24, 2024 No Comments

As was widely anticipated by markets, the Bank of Canada today held its overnight target rate at 5.00%, where it’s been since July.

Sticky inflation to push Bank of Canada rate cuts to at least June: economists

January 22, 2024 No Comments

A majority of economists believe stubborn inflation is likely to delay the first Bank of Canada rate cut until at least June.

Inflation crept back up in December: “We’re not out of the woods yet”

January 16, 2024 No Comments

For the third time since 2022, Canada’s headline inflation rate reversed course and trended back upward in December. Headline inflation rose 3.4% last month, Statistics

Even with expected rate cuts, mortgage payments will continue to rise for years: BoC research

January 9, 2024 1 Comment

Despite anticipated Bank of Canada interest rate cuts later this year, mortgage borrowers will continue to face higher debt-servicing costs for several years.

Bank of Canada’s confidence grows that rates are now high enough, but says inflation risks remain

December 20, 2023 No Comments

The Bank of Canada’s six-member Governing Council believes odds have increased that interest rates are now high enough to bring inflation back to target.