The Bank of Canada hiked interest rate and acknowledged for the first time in more than a decade it expects to completely remove monetary stimulus from the economy. Source: Financial Post The Bank of Canada can finally see “home” on the horizon. Governor Stephen Poloz and his deputies on the Governing Council raised the benchmark…
Canadian government bonds slumped to the lowest point in 23 years after the Bank of Canada raised interest rates on July 12. Source: Globe and Mail Investors are dusting themselves off after the worst two-month rout in Canadian government bonds in 23 years. Sovereign bonds lost 3.4 per cent in June and July, according to…
Economists expect the Bank of Canada to raise its policy rate again in October; however, Canada’s bond market is signalling the BoC will not reach its two-per-cent inflation target anytime soon. Source: BNN Canada’s bond market is signalling the Bank of Canada will not reach its two-per-cent inflation target anytime soon, suggesting the central bank is…
Prime interest rate at 5 of Canada’s biggest banks to rise to 2.95% on Thursday. Source: CBC News Canada’s five biggest financial institutions increased their prime interest rates on Wednesday, shortly after the Bank of Canada increased its key interest rate for the first time in seven years. The Royal Bank of Canada was the first…
Speculation about an interest rate hike comes amid a flurry of strong economic news this year. The Bank of Canada is expected to announce a rate call on Wednesday July 12. Source: Investment Executive The Bank of Canada (BoC) is expected to raise its key interest rate target for the first time in almost seven years on Wednesday…
Economist Ted Carmichael analyzes the accuracy of the Bank of Canada’s inflation projections over the past few years, providing insight on the implications and conclusions. Source: Ted Carmichael Global Macro The Bank of Canada is an inflation-targeting central bank. It sets monetary policy with an objective of returning the inflation rate to the 2% target within…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
