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Bank of Canada rate decision January 2023

Too soon to say when interest rates can come down: Bank of Canada

February 7, 2024 No Comments

The Bank of Canada’s Governing Council believes it’s too early to say when they can start easing interest rates, according to a summary of deliberations from its January 24 meeting.

Bank of Canada’s confidence grows that rates are now high enough, but says inflation risks remain

December 20, 2023 No Comments

The Bank of Canada’s six-member Governing Council believes odds have increased that interest rates are now high enough to bring inflation back to target.

The Bank of Canada’s latest rate hold wasn’t unanimous, meeting minutes show

November 8, 2023 1 Comment

While the Bank of Canada’s rate hold last month was a welcome reprieve for borrowers, minutes from the meeting show the decision wasn’t a unanimous one.

Past rate hikes are slowing demand, but inflation still a “significant” concern: BoC

September 20, 2023 No Comments

When deciding to leave interest rates unchanged at its Sept. 6 monetary policy meeting this month, the Bank of Canada determined the past hikes are working to slow the economy.

Bank of Canada feared costs of postponing July rate hike

July 26, 2023 1 Comment

The Bank of Canada’s Governing Council members opted for a 10th rate hike in July over concerns that waiting until September carried its own risks.

A rebound in Canada’s housing market contributed to the BoC’s decision to hike rates in June

June 21, 2023 No Comments

Ongoing excess demand in the economy, including a recent rebound in existing home sales, contributed to the Bank of Canada’s decision to hike interest rates earlier this month.

summary of deliberations