The discussion at this point is that the central bank will deliver one last big hike in an effort to cool inflation, which is close to a 40-year high.
The Bank of Canada is scheduled to make its latest interest rate policy announcement on Wednesday, Sept. That move of 100 basis points was the largest single increase since August 1998. It is expected to once again raise its benchmark rate for a fifth time this year.
Canada's central bank is expected to raise its key overnight rate, the fifth rate-hike this year, as the Bank continues to struggle with inflation.
Nonetheless, we still expect the Bank to deliver a relatively smaller (but still massive) 75-basis-point rate increase,” Schleich wrote in a research note. “We’ve heard from the governor that the Bank feels inflation may have peaked. While that’s lower than the 8.1-per-cent increase seen in June, it’s still high by historical standards, said Pedro Antunes, senior economist at the Conference Board of Canada. is going to come down drastically on inflation. And they’re going to make some moves …. Fifty basis points is possible, and the third most likely is 100 points. Another key predictor of what the Bank might do — or, at least, what investors are expecting — is the yield on the Canadian government’s five-year bond. Federal Reserve, argued Leah Zlatkin of lowestrates.ca, a website that provides quotes for insurance, mortgages, credit cards and loans. The overnight rate began the year at 0.25 per cent, where it had been since the BoC dropped it three times in a month in March 2020, as the global COVID-19 pandemic was declared. “We’re skeptical inflation will melt away quickly,” said Porter. A 75-basis-point hike would bring the overnight rate to 3.25 per cent. It would be the fifth rate hike this year as the Bank tries to get a handle on sky-high inflation.
The Bank of Canada is set deliver a fourth consecutive outsized interest-rate hike to slow the nation's economy and drag inflation down from four-decade ...
Signs are emerging that the central bank will have to tighten rates further, BMO economist says.
BMO is anticipating a 75-basis-point hike this week, and the endpoint is likely to reach 3.5% “with clear upside risks,” Porter said. Trends such as this might indicate that the oft-feared market crash is not likely to materialize despite the volatile economic and fiscal environment, said BMO chief economist Douglas Porter. The Bank of Canada’s overnight interest rate breaching the 4% threshold is not out of the realm of possibility partly due to the housing market’s recent resurgence, according to the Bank of Montreal.
One thing Canadian borrowers can count on — interest rates are set to rise higher tomorrow, when the Bank of Canada makes its 6th monetary policy ...
[In a previous interview with STOREYS](https://storeys.com/bank-of-canada-hike-all-but-assured-september/), BMO Chief Economist and Managing Director of Economics Doug Porter confirmed the bank’s official call is for a 0.75% hike, with a policy rate termination point of 3.5%. On the terminal rate, there are at least three compelling reasons to believe that it may be higher than forecasters and the markets suspect,” he writes. “First, as this space has noted a few times, to fully crack inflation, tightening cycles typically need to see short-term interest rates rise above core inflation — and the lowest measure of core is now 5%. Now, we’re certainly more cognizant of the risk of a second straight 100 basis point interest rate hike and we think it’s a greater risk than is broadly appreciated.” The question is, just how big of a hike is in store? Keeping its policy rate at this elevated level will help deter inflation growth by stemming consumer spending and borrowing.
Whether you are considering buying a home or thinking about retirement, there's a lot of money riding on where interest rates go next.
["money printing" by central banks](https://www.cbc.ca/news/business/bank-canada-twitter-printing-money-1.6568466), that are now actually cutting back on bond sales. However, even as house prices fall, home loans [and the money they inject into the Canadian economy](https://lop.parl.ca/sites/PublicWebsite/default/en_CA/ResearchPublications/201551E) are continuing. According to Porter, central banks don't really have to keep cutting interest rates just because inflation is above two per cent. But Canada is not alone in trying to battle inflation, and last week's tumbling price of oil was at least partly blamed on a "China is one COVID wave away from shutting down critical parts of its economy again, the war in Ukraine is far from over, and the shortages in many raw materials, especially essential inputs such as semiconductors, continue." job creation was down but still strong](https://www.cbc.ca/news/business/us-jobs-august-1.6570766). Lam said he's convinced central banks in Canada and the U.S. At the end of this week one indicator that will be both telling and fresh is Canada's jobs data, when Statistics Canada releases the Labour Force Survey on Friday morning. As anyone looking to borrow money will have discovered, the rates you pay are considerably above the rate set by the central bank. [Jerome Powell's Jackson Hole symposium comments](https://www.cbc.ca/news/business/us-markets-point-to-more-losses-1.6565287), that abruptly ended a blistering market rally, Mester said we should expect the trend-setting U.S. In Wednesday's rate release and at a Thursday press conference with Senior Deputy Governor Carolyn Rogers, expect to hear an echo of Mester's promise of data dependence. rates affects the relative price of the loonie, hurting exports if it goes too high or leading to U.S.
Will the Bank of Canada hike 50 basis points, 75 and even 100 as some economists argue is possible? Find out more.
Check out the latest episode below: So what is the smart money doing given this gloomy outlook? Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, just predicted another 20% to 25% drop in markets. The supply cut means Germany is unlikely to meet its target for filling gas storage sites to 95% by the start of November, and European governments are racing to head off an energy catastrophe come winter. Russia blamed Western sanctions for the outage, saying they were “causing chaos” in maintenance work. [Canada’s housing market isn’t melting down as you’ve been led to think](https://financialpost.com/real-estate/housing-market-not-melting-down-statistics) [Ignore the politics and rumours when looking at oil’s short- and long-term potential](https://financialpost.com/investing/ignore-the-politics-and-rumours-when-looking-at-oils-short-and-long-term-potential) [Canada lagging behind most of its peers in ‘EV readiness’: EY study](https://financialpost.com/commodities/energy/electric-vehicles/canada-lagging-behind-most-of-its-peers-in-ev-readiness-ey-study) [Toronto real estate board wants OSFI to revisit stress test as home sales volumes tick up](https://financialpost.com/real-estate/toronto-home-sales-slide-august) [Proposed TC Energy pipeline expansion faces pushback from three U.S. stocks — not to mention soaring inflation and an economy headed for recession — the new prime minister faces more than a few challenges. So if he is contemplating a pause in October, he’ll try to keep that card close to his chest, by indicating that further rate hikes might still be required,” wrote Shenfeld. Moreover, getting inflation down trumps growth in the Bank of Canada’s priorities right now. Federal Reserve would likely impose more large interest rate hikes in coming months raised the hawkish bar globally. (National puts a 70% chance on 75 bps, 20% on 100 and 10% on 50.) Article content
The central bank is trying to bust inflation, with the consumer price index (CPI) hovering around eight per cent. The Canadian economy has not witnessed ...
Add to this more stringent mortgage stress tests, and the number of homebuyers in the marketplace drops. It is estimated that a one-per-cent hike in rates will add hundreds of dollars to mortgage payments each month. The same survey also found that about one-fifth of homeowners already find it challenging to afford their homes. Can the institution achieve its objective of busting inflation and navigating the economy to a soft landing? While inflation has eased this summer on the back of falling crude oil and gasoline costs, prices remain elevated across the board, be it for food or household goods and services. In July, the organization increased the benchmark rate to 2.5 per cent for the first time since 2009, when the global economy was coming out of the financial crisis.
The Bank of Canada has embarked on a series of supersized rate hikes this year in a bid to tame inflation, but its upcoming policy rate decision on Sept.
Mendes also noted that the Bank of Canada’s statement would leave the door open to further rate hikes, but the central bank will have to drop the “soft landing” narrative as recession risks rise. “As a result, the Canadian economy’s outperformance in the first half might be fleeting,” wrote Royce Mendes, managing director and head of macro strategy at Desjardins, in a Sept. Pushing beyond the neutral range comes with risks for the Canadian economy, which is more sensitive to higher interest rate increases that other G7 countries due to higher, real-estate-fuelled household debt. [most economists agreed](https://financialpost.com/news/economy/cooler-inflation-wont-sway-bank-of-canada-from-another-jumbo-hike-in-september-economists-say) that the Bank would not hike by less than 50 basis points. Given these developments, here are some of the key questions on the minds of economists and market analysts ahead of this week’s decision. 7 comes as the economic picture has started to shift: inflation dipped below the eight per cent mark to an annualized pace of
Borrowing costs are about to go up again, with the Bank of Canada expected to again raise its key interest rate to deal with inflation.
The rate hikes will feed into other lending rates, making it more expensive for Canadians and businesses to borrow money. The Bank of Canada, along with central ...
Equifax Canada's Rebecca Oakes explains what's behind the sudden rise in consumer debt and warns credit 04:04. Consumer debt has skyrocketed in Canada.
Keeping up with a monthly mortgage payment is becoming more difficult by the year. The Bank raised its interest rate by 1 percentage point in July, the highest rate hike since August 1998. [Canadians are resorting to debt to pay bills amid high inflation](https://www.ctvnews.ca/business/canadians-are-resorting-to-debt-to-pay-bills-amid-high-inflation-1.6044790) The drop was mainly due to a decrease in gas prices; however, other price measures for food and services remained high. Contributor Christopher Liew shares some practical, simple tips to help you pay your mortgage so you don't find yourself falling behind. [Bank of Canada expected to raise interest rate for fifth time](https://www.ctvnews.ca/business/bank-of-canada-expected-to-raise-interest-rate-for-fifth-time-1.6053271) [Canadian wages tick up but still lag far behind inflation](https://www.ctvnews.ca/business/canadian-wages-tick-up-but-still-lag-far-behind-inflation-1.6043951) "Anywhere between 50 to 100 basis points." [How another Bank of Canada interest rate hike could impact your mortgage](https://www.ctvnews.ca/business/how-another-bank-of-canada-interest-rate-hike-could-impact-your-mortgage-1.6057476) [MORE Business News](https://www.ctvnews.ca/business) [Simple tips to help you pay your mortgage (without cutting back on other essentials)](https://www.ctvnews.ca/business/simple-tips-to-help-you-pay-your-mortgage-without-cutting-back-on-other-essentials-1.6048550) [Many Canadians are concerned about rising mortgage rates but aren't budgeting for them: survey](https://www.ctvnews.ca/business/many-canadians-are-concerned-about-rising-mortgage-rates-but-aren-t-budgeting-for-them-survey-1.6053948)
The Bank of Canada is expected to announce it will be raising its key interest rate today, making it the fifth consecutive increase this year.
However, economists widely expect an economic slowdown is on the horizon. The Bank of Canada is expected to announce it will be raising its key interest rate today, making it the fifth consecutive increase this year. Some Canadian banks are expecting the Bank of Canada to increase its key rate by three-quarters of a percentage point, bringing it to 3.25 per cent.
The rate hikes will feed into other lending rates, making it more expensive for Canadians and businesses to borrow money. The Bank of Canada, along with central ...
However, economists widely expect an economic slowdown is on the horizon. Some Canadian banks are expecting the Bank of Canada to increase its key rate by three-quarters of a percentage point, bringing it to 3.25 per cent. [Bank of Canada](https://globalnews.ca/tag/bank-of-canada/) is expected to announce it will be raising its key [interest rate](https://globalnews.ca/tag/interest-rate/) Wednesday, making it the fifth consecutive increase this year.
Central bank to raise key lending rate for fifth time this year as it tries to get inflation under control.
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recovery,BN1,KMI2,smg_business,InHouseArticle_thestar,dct_ts_covid-19,dct_ts_personal-finance","excludeInRecommendations":false,"promo":[],"tier":"tier1","related":{"pubdays":0,"strategy":0},"personalizationMetadata":{"inHouseArticle":"true","image":"https://images.thestar.com/ySqZuYG6tUs-JgrSI7VSjo7wBmE=/1280x1024/smart/filters:cb(1662562145943)/https://www.thestar.com/content/dam/thestar/business/2022/09/07/the-bank-of-canada-expected-to-hike-interest-rate-to-325-per-cent/bank_of_canada.jpg","enableLivechat":"false","images":"https://www.thestar.com/assets/img/thestar-ribbon.png","noShow":"false","enableConversations":"true","description":"Despite early signs the economy is shrinking, the central bank raised its key lending rate to 3.25 per cent on Wednesday morning, its fifth jump this year, as it tries to get inflation under control." ,"asset_id":"acfc9062-b2a3-44e2-b6fa-af78936db86d","title":"Bank of Canada ups interest rate by 75 basis points — and says more hikes are coming","type":"article","smg_tag":"business","url":"https://www.thestar.com/business/2022/09/07/the-bank-of-canada-expected-to-hike-interest-rate-to-325-per-cent.html","site_name":"thestar.com","enableLivechatadmin":"false","thumbor_image":"{\"imageid\":\"G4P1K32OS.3\",\"origImageSize\":\"1200x768\",\"cropthumb\":\"0,0,1152,768\",\"lastmodified\":1662560859051,\"fullWindowMainart\":false,\"forceoriginal\":false,\"caption\":\"Most economists and interest rate watchers expect the Bank of Canada to raise the interest rate by three quarters of a percentage point, to 3.25 per cent.\",\"source\":\"THE CANADIAN PRESS\",\"type\":\"image\",\"credit\":\"Sean Kilpatrick\",\"mainartSize\":\"medium\",\"url\":\"/content/dam/thestar/business/2022/09/07/the-bank-of-canada-expected-to-hike-interest-rate-to-325-per-cent/bank_of_canada.jpg\"}","published_time":"2022-09-07T10:00:00Z","publisher":"https://www.facebook.com/torontostar","last_modified":"2022-09-07T14:27:38.848Z","author_names":["Josh 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to 3.25 per cent on Wednesday morning, its fifth jump this year, as it tries to get inflation under control." ,"storytag":"Updated","enableConversations":true,"publishedepoch":1662544800000,"lastmodifiedepoch":1662560858848,"abstractVisible":true,"abstract":"Despite early signs the economy is shrinking, the central bank raised its key lending rate to 3.25 per cent on Wednesday morning, its fifth jump this year, as it tries to get inflation under control." Last week, Statistics Canada said early data showed that real gross domestic product fell 0.1 per cent in July from June. In July, the Bank stunned observers by raising the overnight by a full percentage point, to 2.5 per cent. ,"DCT_TAGS":["dct_ts_covid_19","dct_ts_personal_finance"],"hasImage":true,"section":"Business","abstract":"Despite early signs the economy is shrinking, the central bank raised its key lending rate to 3.25 per cent on Wednesday morning, its fifth jump this year, as it tries to get inflation under control." ","heading":"","fullWindow":false,"fullBleed":false,"showFullBleedOnMobile":false,"headColor":"","type":"html5mobile","textColor":"","mobileImageUrl":"","bgColor":"","imageUrl":"","registeredOnly":false,"linkUrl":"","aodaTitle":" ","internalScroll":false,"displayStyle":"small-up"},{"text":"In July, the Bank stunned observers by raising the overnight by a full percentage point, to 2.5 per cent. ,"type":"text","isParagraph":true,"isHeading":false},{"text":"Data from Statistics Canada showed prices were 7.6 per cent higher in July than they were a year earlier, as measured by the basket of goods in the Consumer Price Index. ,"type":"text","isParagraph":true,"isHeading":false},{"text":"“The Bank’s core measures of inflation continued to move up, ranging from 5 per cent to 5.5 per cent in July. ,"type":"text","isParagraph":true,"isHeading":false},{"type":"stn-smart-player"},{"text":"Josh Rubin is a Toronto-based business reporter."
In response, central banks around the world continue to tighten monetary policy. Economic activity in the United States has moderated, although the US labour ...
The Governing Council remains resolute in its commitment to price stability and will continue to take action as required to achieve the 2% inflation target. The Bank continues to expect the economy to moderate in the second half of this year, as global demand weakens and tighter monetary policy here in Canada begins to bring demand more in line with supply. As the effects of tighter monetary policy work through the economy, we will be assessing how much higher interest rates need to go to return inflation to target. The Canadian economy continues to operate in excess demand and labour markets remain tight. The global and Canadian economies are evolving broadly in line with the Bank’s July projection. The Bank is also continuing its policy of quantitative tightening.
In the rate announcement, the Bank of Canada says global inflation remains high while the Canadian economy continues to operate in “excess demand.” Canada's ...
In the rate announcement, the Bank of Canada says global inflation remains high while the Canadian economy continues to operate in “excess demand.” The Bank of Canada is raising its key interest rate by three-quarters of a percentage point today. Bank of Canada makes another super-sized hike to key interest rate
The Bank of Canada raised its overnight rate by 75 basis points, moving its policy rate to 3.25 per cent from 2.5 per cent. Since March, the bank has increased its policy rate by 300 basis points -- the fastest pace since the mid-1990s -- in an attempt ...
In July, the bank raised its interest rate by 100 basis points to 2.5 per cent, the highest rate hike since August 1998. Keeping up with a monthly mortgage payment is becoming more difficult by the year. Since March, the bank has increased its policy rate by 300 basis points -- the fastest pace since the mid-1990s -- in an attempt to bring inflation back to its mandated two per cent target. "They have to probably get their policy rate to 4 per cent." However, the bank said Canada’s core measure of inflation continue to rise, which prompts a greater risk that rising prices may become entrenched. [Bank of Canada expected to raise interest rate for fifth time](https://www.ctvnews.ca/business/bank-of-canada-expected-to-raise-interest-rate-for-fifth-time-1.6053271) [Canadians are resorting to debt to pay bills amid high inflation](https://www.ctvnews.ca/business/canadians-are-resorting-to-debt-to-pay-bills-amid-high-inflation-1.6044790) Contributor Christopher Liew shares some practical, simple tips to help you pay your mortgage so you don't find yourself falling behind. The drop was mainly due to a decrease in gas prices; however, other price measures for food and services remained high. [How another Bank of Canada interest rate hike could impact your mortgage](https://www.ctvnews.ca/business/how-another-bank-of-canada-interest-rate-hike-could-impact-your-mortgage-1.6057476) [MORE Business News](https://www.ctvnews.ca/business) [Which cities in Canada offer the best value for real estate?](https://www.ctvnews.ca/business/which-cities-in-canada-offer-the-best-value-for-real-estate-1.6057450)
The central bank announced its fifth consecutive increase of 2022 – bringing the key interest rate to 3.25 per cent – in a forceful campaign to regain ...
But he acknowledged that the path to a soft landing has narrowed and signalled that the bank is willing to cause economic pain to get inflation under control. It dropped the emphasis from the previous July announcement of the economy being “clearly in excess demand,” perhaps a nod to signs of slowing growth and employment. It’s another major step in the fastest rate hike cycle in decades, which has seen the bank shift from near-zero interest rates to restrictive monetary policy in a little more than six months. Bay Street forecasters and financial markets expect the central bank to raise its overnight rate by 75 basis points. That being said, given the amount of debt outstanding and Canada’s reliance on housing to drive the economy, pushing rates above 4 per cent still seems like a high hurdle to pass.” Avery Shenfeld, chief economist at CIBC Capital Markets: “For those asking ‘are we there yet?’, the Bank of Canada answered ‘not yet’ signalling that today’s outsized rate hike still leaves rates shy of where it believes they will need to be to quell inflation. But now that it’s in restrictive territory, it may be willing to slow or pause the pace while it gives monetary policy some time to do its job. The bank appears to share that view. In the Toronto region, the home price index has [declined nearly 16 per cent](https://www.theglobeandmail.com/business/article-toronto-home-sales-real-estate-july-2022/) from March to August, with some of the city’s suburbs losing more than 20 per cent. It signalled as far back as June that achieving neutral levels was only an intermediate step; higher rates would be needed to actually cool the overheated demand in the economy and bring it back into balance with supply. And that means today’s interest rate hike is not the last. Martin said repeat buyers have benefited “massively” from the run-up in prices over the past four years and will be able to use their equity from any sale to help with another purchase.
Don't sweat your falling net worth or get sucked in by rate bonuses, says Rob Carrick. Instead, get your money out of big bank savings accounts and consider ...
[as high as 4.6 per cent](https://www.highinterestsavings.ca/gic-rates/) these days and 4 to 4.4 per cent is available as a special rate from some big banks over 12 or 14 months. Some quick thoughts: Crack open your [tax-free savings account](https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-an-argument-for-cracking-open-your-tfsa/) if you need money, divert contributions to [TFSAs](https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-tfsa-tax-free-savings-accounts-canada/) and [registered retirement savings plans](https://www.theglobeandmail.com/investing/article-rrsp-what-is-registered-retirement-savings-plan/) to debt reduction. [credit counselling service](https://www.canada.ca/en/financial-consumer-agency/services/debt/debt-help.html) to discuss your options. At least eight alternative banks and credit unions still offered 5 per cent returns on five-year GICs as of mid-week. Also, variable-rate mortgages look better than fixed rate [mortgages](https://www.theglobeandmail.com/investing/article-mortgages-canada-fixed-variable-explainer/) right now because they let you ride rates lower in the future. For some help in shoring up your finances for now and the future, try a [financial planner](https://docs.google.com/spreadsheets/d/1iGzy9kkSXqjGbhXfcfczs9qwSQfI1PdRuNUOMybxvl4/edit#gid=0) who charges an hourly or flat rate. Net worth is what’s left after you subtract the amount you owe from the value of what you own. The bet is that you’ll get your bonus and sit tight when the rate falls back to the normal level. [The Bank of Canada](https://www.theglobeandmail.com/topics/bank-of-canada/) began raising rates in March, which means we’re just starting to see the impact of higher borrowing costs on households. Temporary rate bonuses are much cheaper than offering a consistently competitive rate. If these cultural and historical references don’t sound familiar, then you could probably use some guidance on how to navigate a world of fast-rising rates. Anyway, house prices are falling right now because borrowing costs are rising.
The increase will feed into other lending rates, making it more expensive for Canadians and businesses to borrow money. Canada's year-over-year inflation rate ...
“Given the outlook for inflation, the governing council still judges that the policy interest rate will need to rise further,” the bank said in its announcement. “The longer this continues, the greater the risk that elevated inflation becomes entrenched,” the Bank of Canada said in its press release. Domestically, the bank says the economy continues to operate in “excess demand.”
The Bank of Canada hiked its trendsetting interest rate by three-quarters of a percentage point on Wednesday, a move that will increase the cost of ...
Canada's biggest lender, the Royal Bank of Canada, estimated last week that it has about 80,000 home loans on its books that are soon to hit their trigger point. Henry, who lives in the Toronto area, took out a variable rate loan in November of last year, that came with a fixed payment of $805 every two weeks. "If it's at that trigger rate I really have to buckle down," she told CBC News in an interview. As interest rates increase, the amount of each payment that goes to paying down the principal gets reduced, while more and more goes toward the interest. is getting a constant barrage of calls," about it right now, mortgage broker Ron Butler said of the current frenzy over them. While her payment hasn't changed yet, she is aware that her loan has a trigger point, and she's worried she may soon cross it. But with five large rate hikes since March, that same loan today is likely now charging four per cent or more. That's the highest level for the bank's rate since early 2008, before the financial crisis. The move was widely expected by economists who monitor the bank. After Wednesday's move, it's now at 3.25 per cent. That extends the length of the loan, even as the size of the regular payment doesn't increase. The Bank of Canada hiked its trendsetting interest rate by three-quarters of a percentage point on Wednesday, the latest move by the central bank in its mission to rein in runaway inflation.
The Bank of Canada has raised its key interest rate by three-quarters of a percentage point, bringing the central bank's target for the overnight rate to ...
In July, the bank raised its interest rate by 100 basis points to 2.5 per cent, the highest rate hike since August 1998. Keeping up with a monthly mortgage payment is becoming more difficult by the year. "They have to probably get their policy rate to 4 per cent." Since March, the bank has increased its policy rate by 300 basis points -- the fastest pace since the mid-1990s -- in an attempt to bring inflation back to its mandated two per cent target. However, the bank said Canada’s core measure of inflation continue to rise, which prompts a greater risk that rising prices may become entrenched. [Canadians are resorting to debt to pay bills amid high inflation](https://www.ctvnews.ca/business/canadians-are-resorting-to-debt-to-pay-bills-amid-high-inflation-1.6044790) [Bank of Canada expected to raise interest rate for fifth time](https://www.ctvnews.ca/business/bank-of-canada-expected-to-raise-interest-rate-for-fifth-time-1.6053271) Contributor Christopher Liew shares some practical, simple tips to help you pay your mortgage so you don't find yourself falling behind. The drop was mainly due to a decrease in gas prices; however, other price measures for food and services remained high. [MORE Business News](https://www.ctvnews.ca/business) [How another Bank of Canada interest rate hike could impact your mortgage](https://www.ctvnews.ca/business/how-another-bank-of-canada-interest-rate-hike-could-impact-your-mortgage-1.6057476) [Which cities in Canada offer the best value for real estate?](https://www.ctvnews.ca/business/which-cities-in-canada-offer-the-best-value-for-real-estate-1.6057450)
In the rate announcement, the Bank of Canada says global inflation remains high while the Canadian economy continues to operate in “excess demand.” Canada's ...
In the rate announcement, the Bank of Canada says global inflation remains high while the Canadian economy continues to operate in “excess demand.” The Bank of Canada is raising its key interest rate by three-quarters of a percentage point today. Bank of Canada makes another super-sized hike to key interest rate