Highlights / interest rate

Economy, Society

Interest rates are going to be low ‘for a very long time,’ says central bank

Canada’s central bank decided to keep its benchmark interest rate at 0.25 per cent on Wednesday and continue with its monetary policy of buying up billions of dollars in government bonds to increase the money supply and encourage lending and »

Economy

Bank of Canada keeps interest rate steady amid sharpest ever downturn

Canada’s central bank decided to keep its interest rate at 0.25 per cent on Wednesday even as preliminary data showed that the country’s economy shrank by 9 per cent in March, while the real estate market ground to a halt »

Economy

Bank of Canada maintains key interest rate at 1.75%

With global economic growth projected to slow down in 2019 and increasing signs that the U.S.-China trade war is weighing on global demand and commodity prices, Canada’s central bank decided to keep its key interest rate unchanged today. The Bank »

Economy

Inflation eases in August thanks to slower rise in gas prices

Canada’s annual inflation rate eased to 2.8 per cent in August largely driven by slower rise in gasoline prices, Statistics Canada reported Friday. The data agency reported that prices were up in all eight major components. The transportation index rose at »

Economy

Bank of Canada hikes key interest rate to 1.25%

Canadians will have to pay more to borrow money from banks after the country’s central bank raised its key lending rate by a quarter percentage point to 1.25 per cent on Wednesday despite looming uncertainty over the future of the North »

Economy

Bank of Canada raises interest rate for first time in 7 years to 0.75%

The Bank of Canada is raising its benchmark interest rate to 0.75 per cent from 0.5 per cent, the first such raise in seven years driven by expectations the economy will register “above-potential growth.” The interest rate hike is bound »