Bank of Canada keeping options open but could be done on hikes: CIBC's Tal
3/9/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The central bank has left its policy rate untouched for the first time in over a year ...
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The end is nigh for Canada's housing market downturn, RBC reports
3/8/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Royal Bank of Canada (RBC) has published its report and outlook on the country’s housing market and sees the market downturn headed towards its conclusion. ...
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'Record-high number' of Canadians don't think they'll ever afford a home: survey
3/7/2023 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
As home prices and interest rates remain elevated, a record number of non-homeowners think they’ll never afford a house, according to a new survey. ...
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Bank of Canada might need to raise rates if companies keep raising prices, Macklem warns
2/22/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Despite a decline in general inflation, grocery prices have increased at double the rate of everything else. That could mean more rate hikes ahead. ...
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Macklem defends Bank of Canada rate pause as growth grinds to halt
2/8/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Governor Tiff Macklem said the Bank of Canada needs to keep interest rates steady to avoid slowing the economy too much, defending his decision to pause hikes in remarks that were ...
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Canadian inflation set to ease amid rapid cooling of housing market
1/30/2023 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
But the Bank of Canada has a tricky balancing act that cannot decimate real estate. ...
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Has the BoC reached an endpoint on rate hikes? CIBC's Tal gives his verdict
1/16/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
"They are in a very difficult situation in which they have to tell you they are done without telling you they are done" ...
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BoC expected to deliver eighth consecutive rate hike, but it's probably the last one
1/20/2023 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Economists don't believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet, even as signs grow that inflation is easing and the economy ...
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Much higher interest rates will be needed if inflation sticks, says Macklem
12/12/2022 | Posted in Mortgages and Real Estate by Jessi Sandhu
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 ...
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