The Bank of Canada is keeping its key interest rate target on hold at 1.75 per cent and forecasting a slower-than-expected start for the Canadian economy in 2020. The central bank says in its latest forecast that the Canadian economy will grow by 1.6 per cent this year, down 0.1 of a percentage point from […]
The Canadian economy remains resilient despite the global uncertainty caused by the trade war between the United States and China, a senior Bank of Canada official said Thursday. In a speech to the Ottawa Board of Trade, deputy governor Timothy Lane said inflation in Canada remains on target and a strong job market points to […]
The Bank of Canada kept its key interest rate on hold Wednesday, leaving the country as an exception compared to other advanced economies that have begun to respond to a weakening global economy. In its explanation, the central bank argued that inflation is on target and the domestic economy has held up well in many […]
The Bank of Canada is holding steady on interest rates as it gauges the extent of the damage that deepening trade conflicts have had on the domestic and global economies. The rate decision Wednesday, which was widely expected, kept the central bank’s overnight rate at 1.75 per cent and followed a solid second-quarter rebound for […]
The U.S. Federal Reserve is widely expected to cut its interest rate Wednesday for the first time in over a decade — a big step, though one unlikely to pull Canada’s central bank out of its holding pattern any time soon. The Bank of Canada sent signals earlier this month that the Canadian economy is […]
Earlier this week, the Bank of Canada announced it’s maintaining the target for the overnight rate at 1.75 per cent. “As expected, the Bank of Canada kept the target rate unchanged at 1.75 per cent,” said Randall Malcolm, senior managing director at Sun Life Investment Management, in a statement. “The [Bank of Canada’s] statement surprised […]
For those worried the cycle is about the turn, it’s important to consider that there is no established length for a market cycle, said Avery Shenfeld, managing director and chief economist at CIBC, during a panel at a Canadian Investment Review and Benefits Canada Investor Insight Breakfast in Toronto on Jan. 10, 2019. Indeed, the […]
The Bank of Canada announced Wednesday it is holding its target for the overnight rate steady at 1.75 per cent. This comes after it also held rates steady in December 2018. “As expected, the Bank of Canada kept the overnight rate unchanged at 1.75 per cent and there wasn’t a big surprise in the message,” […]
Yesterday, the Federal Reserve announced it will raise the target range for the federal funds rate by a quarter point and dialed back its expected rate hikes for next year from three to two. “Over the past year the economy has been growing at a strong pace, the unemployment rate has been near record lows, […]
Household debt and high housing prices are complicating an otherwise fairly rosy picture of the Canadian economy, said Stephen Poloz, governor of the Bank of Canada, in a speech hosted by the CFA Society Toronto on Thursday. The bank’s most recent rate decision, which took place on Wednesday, maintained the current rate of 1.75 per cent. […]