Inflation in Canada grew at a pace not seen since 1983, further increasing the likelihood of an “oversized” rate hike...
While the Bank of Canada is currently still forecasting a "soft landing" for the Canadian economy, it's going to take higher interest rates to help that happen.
While today's 50-bps rate hike was no surprise, the hawkish Bank of Canada statements that accompanied it were.
Markets fully expect the Bank of Canada to deliver its second half-point rate hike in as many months at its upcoming rate decision meeting on Wednesday.
The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year.
Targeting high inflation is the Bank of Canada's top priority, and it's prepared to raise interest rates "forcefully" if that's what's need.
Inflation continued to heat up in March, raising market expectations for future Bank of Canada rate hikes.
As was widely expected, the Bank of Canada raised its benchmark lending rate by 50 basis points on Wednesday, bringing it to 1.00%.
All eyes will be on the Bank of Canada's rate decision on Wednesday, which could see the largest rate hike in over 20 years.
Bank of Canada Governor Tiff Macklem reaffirmed that controlling inflation is the central bank’s “number one job.” That’s why, on...