Canada's annual inflation rate rose to 1.9 per cent in June, meeting analysts' expectations, as increases in the price of automobiles, clothing and footwear pushed the index higher, data showed on Tuesday.
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Canada’s annual inflation rate in June up slightly to 1.9 per cent
Rise in prices led by durable goods, clothing, footwear
Canada’s annual inflation unchanged at 1.7 per cent in May, core measures slightly ease
Canada’s annual inflation rate in May was unchanged from the previous month at 1.7 per cent as a drop in gasoline costs continued to keep the overall index stable. Prices of shelter, food and transportation also cooled.
More interest rate cuts expected after recent reduction
OTTAWA (Reuters) — The Bank of Canada reduced its key benchmark rate by 50 basis points last week to 3.75 per cent, its first bigger-than-usual move in more than four years, and hailed signs the country has returned to an era of low inflation. The central bank, which hiked rates to a 20-year high to […] Read more
Bank of Canada must cut interest rates more aggressively
The central bank was expected to announce a 25 basis point drop in the overnight rate, but cut should have been deeper
By the time you are reading this, the Bank of Canada will likely have announced a 25 basis point (0.25 per cent – editor’s note: it was .50 per cent drop, details here) drop in the overnight interest rate to four per cent. That was the economists’ prediction before the bank’s most recent meeting. The […] Read more
Bank of Canada cuts rates, hails ‘good news’ on low inflation
OTTAWA (Reuters) – The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75 per cent, its first bigger-than-usual move in more than four years, and hailed signs the country has returned to an era of low inflation. The central bank, which hiked rates to a 20-year high to […] Read more
Central banks ponder how fast to reduce interest rates
The latest inflation and employment reports show the Canadian economy could be cooling too fast, prompting several prominent economists to encourage the Bank of Canada to aggressively cut interest rates. The bank met this week and was expected to cut its key rate by at least 25 basis points or more. This column was written […] Read more
Inflation fight must walk tightrope amid consumer anger
Like giant cargo ships, the big economies of the world have sailed through stormy seas for several years and finally calmer water might be ahead, but the crews are in a foul mood and are not about to salute their captains. In Canada, the United States and elsewhere, the chaos from COVID-19 and the Russian […] Read more
Bank of Canada cuts interest rates
OTTAWA (Reuters) — The Bank of Canada has trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5 per cent, and said more reductions in borrowing costs were likely if inflation continued to cool in line with forecasts. The central bank had kept its policy […] Read more
Bank of Canada interest rate cut to give some borrowers relief
Glacier FarmMedia – Businesses and consumers carrying debt under a variable rate should see some relief with the Bank of Canada’s decision to cut its policy rate today said Farm Credit Canada’s chief economist. “Otherwise I don’t expect the decision today to have major implications for interest rates in financial markets,” said J.P. Gervais in […] Read more
Hope fades for cut in interest rates
OTTAWA (Reuters) — The Canadian economy expanded at an annualized rate of one percent in the fourth quarter, exceeding expectations, which should ease interest rate-cutting pressure on the central bank. Fourth-quarter gross domestic product was higher than the Bank of Canada’s expectation for zero growth and analysts’ median forecast for an expansion of 0.8 percent […] Read more
