The Bank of Canada raised its main interest rate to 1.25% on the strength of stellar employment data and a pickup in inflation, but it signaled a cautious approach to further rate increases while warning that uncertainty tied to the future of the North American Free Trade Agreement is likely to exert a drag on growth.

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BING NEWS:
  • Canada's 2% inflation rate in August raises hopes for large rate cut
    Canada's annual inflation rate reached the central bank's target in August at it cooled to 2%, its lowest level since February 2021, data showed on Tuesday.
    09/17/2024 - 3:25 am | View Link
  • Bank of Canada governor raises prospect of faster rate cuts, FT reports
    Bank of Canada Governor Tiff Macklem has opened the door to stepping up the pace of interest rate cuts, the Financial Times reported on Sunday. Macklem told the newspaper in an interview that ...
    09/14/2024 - 7:50 pm | View Link
  • Growing wages may force Bank of Canada to raise interest rates again
    Canadian employers also added some 64,000 positions last month, triple the Bay Street consensus, according to a Bloomberg survey ...
    10/6/2023 - 4:42 am | View Link
  • What is the Bank of England and why does it change interest rates?
    The Bank of England held interest rates at 5.25% for the seventh time at its June meeting, keeping them at their highest level for 16 years. The pause follows a period of 14 successive increases ...
    10/12/2022 - 6:04 am | View Link
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