The Bank of Canada Hiked Rates By Only 25 bps, Signalling a Pause. As expected, the Bank of Canada--satisfied with the sharp decline in recent inflation pressure--raised the policy rate by only 25 bps to 4.5%. Forecasting that inflation will return to roughly 3.0%...
Super-Sized Rate Hike, Signalling More to Come The Governing Council of the Bank of Canada raised its target for the overnight policy rate by a full percentage point to 2-1/2%. The Bank is also continuing its policy of quantitative tightening (QT), reducing its...
StatsCanada today reported that consumer price inflation rose to 4.7% from year-ago levels in October, compared to 4.4% in September. This is in line with market expectations and is well below the US's 6.2% pace reported for the same period. Inflation is rising all...
Bank of Canada Responds To Mounting Inflation: Ends QE and Hastens Timing of Rate Hike Bank of Canada - 234 Wellington Street The Bank of Canada surprised markets today with a more hawkish stance on inflation and the economy. The Bank released its widely anticipated...
Home Prices Still Rising As Falling Sales Reflect Insufficient Supply Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell a slight 0.5% nationally from July to August 2021–the fifth consecutive monthly...
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