2/20/2024 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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Canadian consumer prices eased at the start of this year, with progress on underlying pressures likely to give the Bank of Canada more room to start considering rate cuts in the ... More

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  2/9/2024 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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Today's employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the ... More

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  2/5/2024 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by April. ... More

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  1/31/2024 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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Canada’s economy outperformed growth expectations to end the year, which means the Bank of Canada could feel less pressure to start cutting rates in the near term, ... More

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  1/24/2024 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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The Bank of Canada has left its policy rate unchanged in its first announcement of the year, keeping rates where they are for a fourth straight decision but giving little ... More

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  12/15/2023 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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The Bank of Canada’s top official said policymakers will consider cutting interest rates when inflation is “clearly” on a path to the two per cent target, but ... More

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  11/20/2023 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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Without that boost in spending, the central bank’s key overnight lending rate would be about 3 per cent instead of the current 5 per cent, according to Scotiabank ... More

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  11/9/2023 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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The Bank of Canada’s No. 2 official urged preparation for interest rates staying elevated for longer. ... More

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  11/7/2023 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year ... More

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  11/3/2023 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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Canada’s unemployment rate ticked up two basis points to 5.7% in October, suggesting the Bank of Canada can now remain “firmly on the sidelines,” economists say. ... More

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  11/1/2023 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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Bank of Canada governor Tiff Macklem says the central bank held its key interest rate at five per cent in part because of the effect a wave of upcoming mortgage renewals is ... More

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  10/25/2023 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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The Bank of Canada delivered its second straight rate hold today, but signalled that it remains concerned about inflationary risks and price pressures. ... More

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  9/1/2023 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada's rate hiking campaign may be coming to an end. ... More

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  7/15/2023 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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The Bank of Canada hiked interest rates again this week in response to persistently high inflation, prompting questions about the role of mortgages in the ongoing battle with high ... More

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  6/27/2023 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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Economists weigh in on the possibilities for the central bank’s policy rate ... More

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  6/21/2023 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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The Bank of Canada's governing council considered waiting until July to raise interest rates, but ultimately decided to act sooner in the face of hot economic data. ... More

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  6/14/2023 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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Hawkish monetary policy and inflation posing headwinds for borrowers, latest figures suggest ... More

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  6/13/2023 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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The Bank of Canada will have to keep rates higher for longer unless governments do more to dial back their spending, one of the country’s largest commercial lenders warned. ... More

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  6/11/2023 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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Variable-rate borrowers will see their interest cost on their next mortgage payment rise as banks and other financial institutions have lifted their prime rates to a 22-year high ... More

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  6/9/2023 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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Many economists are now pencilling in another hike in July ... More

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  4/15/2020 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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The Bank of Canada on Wednesday said the coronavirus outbreak was set to trigger the biggest ever near-term Canadian downturn but suspended its regular economic forecasts, citing ... More

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  3/27/2020 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement. ... More

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  3/17/2020 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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The Big Six banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest ... More

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  3/13/2020 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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The Bank of Canada cut its trend-setting interest rate by half a percentage point to 0.75 per cent from 1.25 per cent in a surprise move on Friday aimed at softening the economic ... More

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  3/2/2020 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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Just a few days before the Bank of Canada’s March 4 meeting, the Monetary Policy Council of the C.D. Howe Institute called on the institution to lower its benchmark policy ... More

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  12/18/2019 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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Canadian mortgage lenders shouldn’t worry too much about the performance of their loans in 2020 according to a new report from Fitch Ratings. ... More

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  12/5/2019 | Posted in Canadian Economy and Interest Rates by Jim Turnbull
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The Bank of Canada kept its key interest rate on hold as expected at 1.75 per cent where it has been for more than a year as it said Wednesday that ongoing trade conflicts and ... More

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