Bank of Canada

Bank of Canada’s next move less certain after inflation rate ticks higher in May

Bank of Canada’s next move less certain after inflation rate ticks higher in May

Jun 25, 2024 | 12:39pm
Quick Notes: National Consumer Price Index (CPI) 2.9% (May) 2.7% (April) Saskatchewan: 1.5% (May) 1.0% (April) Regina: 1.5% (May) 1.2% (April) Saskatoon: 1.5% (May) 1.4% (April) The annual inflation rate unexpectedly ticked higher in May, raising doubts about what the Bank of Canada will do when it makes its next interest rate decision in July in “bumpy and choppy” […]
CMHC says annual pace of housing starts in May up 10% from April

CMHC says annual pace of housing starts in May up 10% from April

Jun 17, 2024 | 7:12am
Canada Mortgage and Housing Corp. says the annual pace of housing starts in May climbed 10 per cent compared with April, helped by gains in Montreal and Toronto. The housing agency says the seasonally adjusted annual rate of housing starts in May amounted to 264,506 units, up from 241,111 in April. The move came as […]
February inflation rate slows to 2.8% as price growth unexpectedly eases

February inflation rate slows to 2.8% as price growth unexpectedly eases

Mar 19, 2024 | 8:04am
Canada’s annual inflation rate unexpectedly fell to 2.8 per cent last month, amid sharp declines in cellular and internet services as well as slower grocery price growth. Statistics Canada released its February consumer price index report Tuesday, which shows price growth softened for a second consecutive month. Economists were widely expecting Canada’s inflation rate to have risen above January’s […]
Bank of Canada holds key rate steady at five per cent, says too early to cut

Bank of Canada holds key rate steady at five per cent, says too early to cut

Mar 6, 2024 | 9:03am
The Bank of Canada is holding its key interest rate steady at five per cent today, arguing it is still too soon to start lowering rates. The central bank says inflation has continued to ease and the economy is weakening but underlying price pressures are still persistently high. Canada’s inflation rate dropped to 2.9 per […]
Canada’s annual inflation rate climbs to 3.4% in Dec

Canada’s annual inflation rate climbs to 3.4% in Dec

Jan 16, 2024 | 8:29am
Canada’s annual inflation rate rose 3.4 per cent in December, largely reflecting a sharper decline in gasoline prices a year ago compared to last month. The federal agency released its consumer price index report Tuesday, showing inflation ticked up from 3.1 per cent in November. Economists were widely expecting this rise due to a base year effect, which refers […]
Bank of Canada holds key interest rate at 5%, keeps door open to more rate hikes

Bank of Canada holds key interest rate at 5%, keeps door open to more rate hikes

Oct 25, 2023 | 8:26am
The Bank of Canada held its key interest rate steady at five per cent, but hasn’t ruled out future rate hikes as price pressures remain high.   “With clearer signs that monetary policy is moderating spending and relieving price pressures, governing council decided to hold the policy rate at five per cent,” the Bank of Canada said in a news release on Wednesday.  […]
Canada’s annual inflation falls to 3.8% in September, grocery prices rise more slowly

Canada’s annual inflation falls to 3.8% in September, grocery prices rise more slowly

Oct 17, 2023 | 8:08am
Canada’s annual inflation rate slowed to 3.8 per cent in September as prices for a range of goods and services rise more slowly, including durable goods and grocery prices. Statistics Canada released its latest consumer price index report on Tuesday, which showed inflation resumed its decline, after rising during the summer to four per cent in August. The federal […]