Today marked the eighth consecutive rate hike by the Bank of Canada, and the first of 2023. If market expectations are correct, it could also be its last of this rate-hike cycle.
The Bank of Canada will deliver its first rate announcement of the year this week, where markets and economists overwhelmingly expect a 25-bps rate hike.
Canada's headline inflation reading continued to fall in November, but core inflation rose, increasing the potential for an additional Bank of Canada rate hike in January.
The Bank of Canada's interest rate hikes this year have "begun to work" to cool Canada's overheated economy and slow inflation, the central bank's Governor said on Monday.
The Bank of Canada has indicated its future rate decisions will be driven by economic data, but that it is...
Despite delivering a half-point interest rate hike at its final rate decision meeting of 2022, the Bank of Canada offered borrowers a glimmer of hope that this could be among its last.
The Bank of Canada is widely expected to deliver its seventh consecutive interest rate hike at its rate decision announcement this week. .
For the second time this month, Bank of Canada Governor Tiff Macklem said that interest rates need to rise further.
Homebuyers with a variable mortgage rate are facing a "painful" adjustment as interest rates continue to rise, the Bank of Canada's Senior Deputy Governor Carolyn Rogers said this week.
The Bank of Canada is nearing the end of its rate-hike cycle, but it's not quite there yet.
