Bank of Canada

The Bank of Canada is set to announce its interest rate decision this morning as speculation about another rate hike heats up. A woman walks past the Bank of Canada headquarters, Wednesday, June 1, 2022 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

Bank of Canada raises key interest rate amid stubbornly high inflation

Its key interest rate now sits at 4.75 per cent, the highest it’s been since 2001

 

Carlos Leitao reacts to the Quebec Auditor General annual report at the National Assembly in Quebec City on Monday August 15, 2022. Former Quebec finance minister Leitao has been appointed to the Bank of Canada’s board of directors. THE CANADIAN PRESS/Francis Vachon

Former Quebec finance minister Leitão appointed to Bank of Canada

Before entering politics, Leitão had a 30-year career in the Canadian banking and financial sector

 

Tiff Macklem, Governor of the Bank of Canada, holds a press conference at the Bank of Canada in Ottawa on Wednesday, Jan. 25, 2023. The Bank of Canada is taking a pause from raising interest rates to assess how the economy responds to higher borrowing costs, with one key indicator to watch being the labour market. THE CANADIAN PRESS/Sean Kilpatrick

As the Bank of Canada hits pause on hiking rates, all eyes are on the labour market

Labour groups have voiced concerns about the Bank of Canada’s rate hikes in recent months

 

A real estate sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, September 29, 2021.THE CANADIAN PRESS/Evan Buhler

What the Bank of Canada’s latest rate hike means for mortgage holders

4.5 per cent likely to remain until Canada’s high inflation rate falls to its two per cent target

A real estate sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, September 29, 2021.THE CANADIAN PRESS/Evan Buhler
The Bank of Canada will announce its interest rate decision this morning as economists widely expect the central bank to opt for a quarter percentage point rate hike. The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada hikes key interest rate by quarter point, says it plans to hold

Key interest rate now stands at 4.5 per cent, highest it’s been in more than 15 years

The Bank of Canada will announce its interest rate decision this morning as economists widely expect the central bank to opt for a quarter percentage point rate hike. The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick
People make their way around the Rideau Center shopping centre on Boxing Day in Ottawa, on Monday, Dec. 26, 2022. Statistics Canada will release its inflation report for December this morning. The federal agency’s consumer price index report will provide insight on how quickly prices rose last month as Canada continues to struggle with decades-high inflation.THE CANADIAN PRESS/Spencer Colby

Despite inflation slowing in December, Bank of Canada still expected to hike rates

Inflation rate peaked in the summer at 8.1 per cent and has been slowly decelerating since

People make their way around the Rideau Center shopping centre on Boxing Day in Ottawa, on Monday, Dec. 26, 2022. Statistics Canada will release its inflation report for December this morning. The federal agency’s consumer price index report will provide insight on how quickly prices rose last month as Canada continues to struggle with decades-high inflation.THE CANADIAN PRESS/Spencer Colby
The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. The Bank of Canada will release its business outlook and consumer expectations surveys this morning.THE CANADIAN PRESS/Sean Kilpatrick

More businesses expect sales to slip as high inflation, rates weigh on spending: BoC

72 per cent of consumers expect a recession in the months ahead

The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. The Bank of Canada will release its business outlook and consumer expectations surveys this morning.THE CANADIAN PRESS/Sean Kilpatrick
Tiff Macklem, Governor of the Bank of Canada is seen at the Bank of Canada in Ottawa, on Wednesday, Oct. 26, 2022. Macklem is expected to make an end of the year speech this afternoon. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada governor warns geopolitical trends could make inflation fight harder

After peaking at 8.1 per cent in July, Canada’s inflation rate slowed to 6.9 per cent in October

Tiff Macklem, Governor of the Bank of Canada is seen at the Bank of Canada in Ottawa, on Wednesday, Oct. 26, 2022. Macklem is expected to make an end of the year speech this afternoon. THE CANADIAN PRESS/Sean Kilpatrick
The Bank of Canada building is pictured in Ottawa on Tuesday, Dec. 6, 2022. The Bank of Canada is expected to raise its key interest rate today, making it the seventh consecutive time this year.THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada hikes key rate by half percentage point, signals possible pause

Seventh consecutive hike in an effort to bring inflation down may be the last

The Bank of Canada building is pictured in Ottawa on Tuesday, Dec. 6, 2022. The Bank of Canada is expected to raise its key interest rate today, making it the seventh consecutive time this year.THE CANADIAN PRESS/Sean Kilpatrick
The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada lost $522 million in third quarter, marking first loss in its history

Assets did not keep pace with interest charges on deposits at the bank

The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick
Governor of the Bank of Canada Tiff Macklem says the country’s economic slowdown will impact low income earners the most. THE CANADIAN PRESS/Justin Tang

Slowdown will impact low-income earners most, says Bank of Canada governor

Tiff Macklem spoke at conference on diversity, equity Monday

Governor of the Bank of Canada Tiff Macklem says the country’s economic slowdown will impact low income earners the most. THE CANADIAN PRESS/Justin Tang
Tiff Macklem, Governor of the Bank of Canada is seen at the Bank of Canada in Ottawa, on Wednesday, Oct. 26, 2022. THE CANADIAN PRESS/Sean Kilpatrick

Amid growing criticism, Macklem says Bank of Canada’s independence not under threat

Governor says opinions of politicians, interest groups not changing bank’s long-term plan

Tiff Macklem, Governor of the Bank of Canada is seen at the Bank of Canada in Ottawa, on Wednesday, Oct. 26, 2022. THE CANADIAN PRESS/Sean Kilpatrick
The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada raises interest rate by half percentage point, says more hikes to come

‘We need the economy to slow down to rebalance demand and supply’: Macklem

The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick
The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. As the Bank of Canada tries to reign in red hot inflation, the central bank is engaging in another fight: one against misinformation. THE CANADIAN PRESS/Sean Kilpatrick

Did the Bank of Canada print money to finance the feds? Central bank sets record straight

Conservative leadership front-runner Pierre Poilievre has been a loud critic of the Bank of Canada

The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. As the Bank of Canada tries to reign in red hot inflation, the central bank is engaging in another fight: one against misinformation. THE CANADIAN PRESS/Sean Kilpatrick