No surprise today, Bank of Canada maintains the rate. Gives themselves a pat on the back ” Inflation has eased further… as past policy rate increases work their way through the economy.” Economy is slowing down: job creation is slower, job vacancies have declined further, unemployment rate has risen modestly. However, wages are still rising […]

Bank of Canada maintains the rate. Subtly acknowledging rate that their rate increases have dampened economic activity. Weaker demand and higher borrowing costs are weighing on business investment. Inflation has been easing in most economies. Higher interest rates are moderating inflation in many goods that people buy on credit, and this is spreading to services. […]

Bank of Canada maintains the rate. Inflation in advanced economies has continued to come down. The Canadian economy has entered a period of weaker growth. The tightness in the labour market has continued to ease gradually. However, wage growth has remained. “With recent evidence that excess demand in the economy is easing, and given the […]

Bank of Canada raises rate by another 0.25%. Pointing to robust demand, strong consumption growth, tight labour markets, and some pickup in the housing market. Canada’s and US economy has been stronger than expected. Bond yields are up in North America and Europe as major central banks signal further interest rate increases may be needed […]

Bank of Canada raises rate by 0.25%. Unexpected to some, but note that US did recently increase while Canada did not. Underlying inflation remains stubbornly high. Major central banks are signalling that interest rates may have to rise further to restore price stability. Canada’s economy was stronger than expected, housing market activity has picked up, […]

Bank of Canada maintains overnight rate. Some remarks about the US and Canada: “US growth is expected to slow considerably in the coming months, with particular weakness in sectors that are important for Canadian exports.” “In Canada, demand is still exceeding supply and the labour market remains tight. Wage growth is still elevated . Housing […]

article written by Sherry Cooper, Chief Economist, Dominion Lending Centres US policymakers take emergency action to protect depositors at failed banks Silicon Valley Bank (SVP) had a sterling reputation among the many tech start-ups it helped to finance. What brought SVB down was an old-fashioned bank run set off in 2021 by a series of […]

On March 8, 2023, the Bank of Canada maintained the overnight rate. This is in line with what was telegraphed from prior meeting’s announcement. “Inflation, while still too high, is coming down due primarily to lower energy prices. Employment growth has been surprisingly strong.” Global impacts mentioned: “United States and Europe, near-term outlooks for growth […]

Bank of Canada increases overnight rate by 0.50%. Your variable rate mortgage and secured lines of credit will increase. ‘Quantitative tightening QT’ continues. Admits “The risk of elevated inflation becoming entrenched has risen.” “With the economy in excess demand, and inflation persisting well above target and expected to move higher in the near term, the […]

Bank of Canada increases overnight rate by 0.50%. Your variable rate mortgage and secured lines of credit will increase.  The tone of announcement is rates need to rise due to inflation.  ‘Quantitative tightening QT’ in effect this month, which means  government no longer replacing maturing bonds on the Bank’s balance sheet. Core inflation now declared […]