BoC rate hike
Bank of Canada feared costs of postponing July rate hike
The Bank of Canada’s Governing Council members opted for a 10th rate hike in July over concerns that waiting until September carried its own risks.
Has the Bank of Canada gone too far with its rate hikes? CIBC’s Tal thinks so.
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 delivers 10th rate hike, markets not convinced this will be the last
As was widely expected, the Bank of Canada today delivered another quarter-point rate hike today, bringing its benchmark rate to a 22-year high of 5%.
Risk of “sticky” inflation and high household spending led to rate-hike decision: BoC
Economic data since April “tipped the balance” of evidence that additional monetary policy tightening was needed.
“More pain” for variable-rate mortgage holders as the BoC hikes rates
Variable-rate mortgage holders are in for “more pain” following the Bank of Canada’s half-expected decision to hike interest rates again.
There’s a chance of a BoC rate hike this week: economists
The odds of the Bank of Canada hiking rates at this week’s monetary policy meeting vs. another hold are basically down to a coin toss, economists say.
Bank of Canada cautions markets against rate-cut bets
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.
Bank of Canada not ruling out additional rate hikes just yet
The Bank of Canada delivered its first rate pause of the past year yesterday, but Deputy Governor Carolyn Rogers made clear it remains a “conditional pause.”
Bank of Canada expected to “nudge” rates another 25 bps higher
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.