inflation expectations Archives - Mortgage Rates & Mortgage Broker News in Canada

BoC holds rate at 2.75%, outlines two paths for economy as trade tensions cloud outlook

April 16, 2025 No Comments

The Bank of Canada held its benchmark interest rate at 2.75% on Wednesday and unveiled two diverging scenarios for the economy, reflecting the unprecedented uncertainty triggered by U.S. tariffs.

Bank of Canada’s urge to cut rates fades amid tariff uncertainty

March 26, 2025 No Comments

The Bank of Canada appears increasingly reluctant to cut rates further, with minutes from its March 12 meeting showing that its most recent move was driven largely by rising uncertainty over a potential trade war with the U.S.

Canadians putting homebuying plans on hold

Despite recession concerns, homebuying intentions on the rise, BoC survey shows

January 20, 2025 1 Comment

Although nearly half of Canadians expect a recession in 2025, homebuying intentions are increasing, according to the latest consumer sentiment survey from the Bank of Canada.

Inflation expected to ease to 2.1%, lowest level since March 2021: economists

September 15, 2024 No Comments

Economists anticipate that Canada’s annual inflation rate in August fell to its lowest level since March 2021.

BoC Governing Council divided over timing of rate cuts, but agree they will be gradual

April 24, 2024 2 Comments

The Bank of Canada’s Governing Council remains split over when they think conditions will be right to begin lowering the country’s key interest rates.

Bank of Canada’s Governing Council divided over timing of future rate cuts

March 20, 2024 1 Comment

While conditions for rate cuts are expected to materialize over the course of the year, the Bank of Canada itself appears divided over when exactly these conditions will be met.

Market participants still expect the first Bank of Canada rate cut in April

February 5, 2024 No Comments

Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by April.

Tiff Macklem, Governor of the Bank of Canada

BoC’s Macklem doesn’t want to repeat the inflation-fighting mistakes of the 1970s

November 22, 2023 3 Comments

As a teenager growing up in the 1970s, Tiff Macklem said he recognized the impact high inflation was having on everyone: “Inflation made everyone angry.”

Larger and more regular price hikes by businesses keeping inflation “sticky,” says BoC

October 3, 2023 No Comments

The Bank of Canada says larger and more frequent price increases by businesses have contributed to keeping inflation higher than the Bank would like.

Tiff Macklem, governor of the Bank of Canada, speaks during an event at the Toronto Region Board of Trade in Toronto

BoC’s Macklem: Until inflation reaches 2%, “our job is not done”

May 5, 2023 No Comments

Despite positive developments on the inflation front, the Bank of Canada won’t rest until it returns to the Bank’s 2% target. And rate hikes remain in the Bank’s back pocket if need be.

inflation expectations