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 expected to have on the economy.
Macklem appeared before a Senate committee alongside senior deputy governor Carolyn Rogers following the Bank of Canada's most recent interest rate decision and monetary policy report.
Recent data from Statistics Canada suggests the economy may have teetered into a mild technical recession as higher interest rates weigh on spending.Poilievre wants a 'carbon tax election,' Liberals say bring it on 'Price of justice cannot be the continued suffering of all,' Trudeau says amid push to get Canadians out of Gaza
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Upcoming mortgage renewals part of why BoC held rate at 5%: MacklemOTTAWA — 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 expected to have on the economy.
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Upcoming mortgage renewals part of why BoC held rate at 5%: MacklemOTTAWA — 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 expected to have on the economy.
Read more »
Upcoming mortgage renewals part of why BoC held rate at 5%: MacklemOTTAWA — 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 expected to have on the economy.
Read more »
Upcoming mortgage renewals part of why BoC held rate at 5%: MacklemOTTAWA — 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 expected to have on the economy.
Read more »
Macklem says Bank of Canada could cut rates before inflation reaches targetThe bank released a new forecast last week projecting that inflation would remain around 3.5 per cent for the next year
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Royal Bank of Canada injects $2.95 billion into City National BankRoyal Bank of Canada has made a significant capital infusion of $2.95 billion into its U.S. unit City National Bank to strengthen its capital. This is one of the largest annual fund injections since RBC acquired the bank in 2015.
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