Bank of Canada announcements Archives - Page 3 of 3

12Jan

Will the Bank of Canada hike rates next week? It looks more and more likely

[Source: Global News, January 8, 2018] The Bank of Canada (BoC) is likely to raise interest rates again when it makes its next monetary policy announcement on Jan. 17, according to economists at Canada’s big banks. Increasing the chances of another rate hike is the upbeat tone of the latest quarterly release of the so-called Business Outlook Survey, a closely watched barometer of business sentiment in this country, which the central bank released on Monday. Canadian companies are feeling optimistic about the future and [...]

Bank of Canada announcements, British Columbia, Canada, Economic Outlook

07Sep

Bank of Canada raises overnight rate to 1 per cent

[Source: CTV News, September 6, 2017] OTTAWA -- The Bank of Canada is once again raising its benchmark interest rate as it sees the economy's powerful performance pointing to broader, more self-sustaining growth. The central bank hiked its rate Wednesday by one-quarter point to 1.0 per cent, its second 25-basis-point increase since July. The move, which will likely be a surprise for some, came less than a week after the latest Statistics Canada numbers showed the economy expanded by an impressive 4.5 [...]

Bank of Canada announcements, Economic Outlook

26May

Bank of Canada leaves key rate unchanged, but ‘soft hawkish tilt’ emerges

[May 24, 2017, Globe and Mail] The Bank of Canada is creeping closer to its first rate hike in nearly seven years as it weighs the clashing forces of anemic inflation and a surprise burst of economic growth. The central bank opted Wednesday to keep its key overnight interest rate unchanged at 0.5 per cent – the 15th consecutive time it has done so since July, 2015. But the generally upbeat tone of the accompanying statement suggests Bank of Canada Governor Stephen [...]

Bank of Canada announcements

12Apr

Pressure is growing for the Bank of Canada to raise interest rates

[Source: Maclean's, April 7, 2017] Bank of Canada Governor Stephen Poloz insists the economy is weaker than it appears, but that argument is now in trouble. Bank of Canada governor Stephen Poloz used a history lesson Tuesday to make a case for a policy mix frequently promoted by the federal government -- an openness to more foreign investment, immigration and free trade. In a prepared speech, Poloz said Canada has seen these ingredients produce positive economic results in its past, including [...]

Bank of Canada announcements, Canada, Economic Outlook

12Apr

Bank of Canada leaves key interest rate steady at 0.5%

[Source: CBC, April 12, 2017] The Bank of Canada today left its benchmark rate unchanged, at 0.5 per cent, saying it is too early to conclude that the economy is on a "sustainable growth path" despite a recent rebound that led it to bump up its 2017 outlook. "During the rest of this year and into 2018 and 2019, growth in Canada is expected to moderate but remain above potential," the bank said Wednesday. Economists had widely predicted that the bank would [...]

Bank of Canada announcements, Canada, Economic Outlook

12Apr

BoC signals earlier rate hike, upgrades growth forecast

[Source: The Globe and Mail, April 12, 2017] The Bank of Canada is signalling that its first interest rate hike since 2010 could be less than a year away as the Canadian economy continues to grow faster than expected. The central bank once again kept its key overnight rate unchanged Wednesday at 0.5 per cent, where it has stood since July 2015. But the bank acknowledged what most economists have been saying for months – that the Canadian economy is gaining traction, [...]

Bank of Canada announcements, Canada, Economic Outlook

07Mar

Bank of Canada announces rate – March 1, 2017

[Source: Repmag.ca, March 1, 2017] OTTAWA - The Bank of Canada is holding its trend-setting interest rate at 0.5 per cent but it's keeping a watchful eye on "significant uncertainties'' that it warns could alter the economy's improving trajectory. The central bank's scheduled rate announcement Wednesday arrived as Canada tries to assess the direction of U.S. economic policy under President Donald Trump and the potential fallout from any changes he may bring. The bank has said some U.S. proposals, which include tax [...]

Bank of Canada announcements, Canada, Economic Outlook, International Influence

18Jan

Bank of Canada announces rate- January 18, 2017

[Source: The Canadian Press, January 18, 2017] The Bank of Canada is holding its benchmark interest rate at 0.5 per cent and providing a deeper assessment of the risks associated with the big economic unknowns of a Trump presidency. The central bank is keeping its key interest rate in place with the Canadian economy showing signs of improvement but it also warns of the significant uncertainty tied to potential policy changes by the United States, its largest trading partner. This is the [...]

Bank of Canada announcements, Canada, Economic Outlook, International Influence