The Bank of Canada is likely to increase interest rates, bringing borrowing costs to a level not seen in 22 years. Read more
The bank’s declaration of a conditional pause on Jan. 25 seemed to suggest Macklem was comfortable winding down his hiking cycle. Most economists assumed Canada’s highly indebted households had been pinched enough to slow their spending, cooling the economy and inflation pressures., however, fuelling consumer confidence as many Canadians thought the central bank was done raising rates. Traders in overnight swaps started to increase their bets that cuts would come by the end of the year.
He’s not alone in facing that challenge. Officials at the Federal Reserve are saying U.S. rates will need to go higher. The European Central Bank isn’t done hiking yet, and Bank of England policy is becoming a national obsession in the U.K.likelihood of a recession
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of Canada expected to raise rates again this week, vying to quash inflation fasterThe Bank of Canada is expected to raise interest rates again as forecasters say the economy has not softened enough for it to back off.
Read more »
Bank of Canada set to hike rates again amid stubborn inflationThe Bank of Canada is likely to increase interest rates, bringing borrowing costs to a level not seen in 22 years. Read more
Read more »
Bank of Canada set to hike rates again amid stubborn inflationThe Bank of Canada is likely to increase interest rates, bringing borrowing costs to a level not seen in 22 years. Read more
Read more »
Bank of Canada to raise interest rates this week, all 6 big banks sayAll 6 of the big banks now expect the Bank of Canada to raise interest rates after the labour market tripled expectations in June. Read on.
Read more »
Bank of Canada to raise interest rates this week, all 6 big banks sayAll 6 of the big banks now expect the Bank of Canada to raise interest rates after the labour market tripled expectations in June. Read on.
Read more »
Bank of Canada to raise interest rates this week, all 6 big banks sayAll 6 of the big banks now expect the Bank of Canada to raise interest rates after the labour market tripled expectations in June. Read on.
Read more »