Bank of Canada GDP forecast Archives - Mortgage Rates & Mortgage Broker News in Canada

Tiff Macklem on June Bank of Canada rate cut

Following Bank of Canada rate cut, Macklem says it’s “reasonable” to expect more

July 24, 2024 2 Comments

In addition to announcing the rate cut, the Bank of Canada also released updated economic forecasts, projecting moderately slower GDP growth in 2024 than previously anticipated.

Strong U.S. inflation could delay rate cuts on both sides of the border

April 10, 2024 No Comments

While the Bank of Canada left its benchmark rate unchanged as expected today, markets instead turned their attention to today’s hot U.S. inflation report.

Bank of Canada sends dovish signals, keeping mid-year rate cut forecasts in play

January 24, 2024 No Comments

As was widely anticipated by markets, the Bank of Canada today held its overnight target rate at 5.00%, where it’s been since July.

Market participants expect first rate cut as early as April 2024

November 6, 2023 1 Comment

A survey of influential economists and analysts shows many are expecting the Bank of Canada’s first rate cut by April 2024.

Bank of Canada delivers rate hold, but maintains hawkish bias

October 25, 2023 No Comments

The Bank of Canada delivered its second straight rate hold today, but signalled that it remains concerned about inflationary risks and price pressures.

Weak GDP data means Bank of Canada rate hikes could be “over and done”

September 1, 2023 No Comments

Canada’s economy slowed more than expected in the second quarter, raising the likelihood that the Bank of Canada will leave rates unchanged at next week’s policy meeting.

Has the Bank of Canada gone too far with its rate hikes? CIBC’s Tal thinks so.

July 24, 2023 No Comments

CIBC’s Benjamin Tal says that the Bank of Canada has chosen to err on the side of too many hikes rather than too few for one simple reason: its bias towards fighting inflation.

Bank Of Canada Announces April Rate Decision

Bank of Canada cautions markets against rate-cut bets

April 12, 2023 No Comments

With markets pricing in rate cuts by the end of the year, the Bank of Canada today made clear that it doesn’t share the same outlook.

Tiff Macklem delivering 2022 year-end speech

“Much higher” interest rates will be needed if inflation sticks, says Macklem

December 12, 2022 1 Comment

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.

Tiff Macklem comments on the need to raise interest rates

Bank of Canada’s 50-bps hike suggests the “peak is near”

October 26, 2022 No Comments

The Bank of Canada surprised markets on Wednesday by delivering a lower-than-expected 50-basis-point rate hike, its sixth consecutive rate increase of the year.

Bank of Canada GDP forecast