Posts Tagged ‘Canadian Economy’
Forecasting Mortgage Rates: Trends and Predictions
Today's Bank of Canada rate announcement (January 24th, 2024) brought no surprises as the policy interest rate remains at 5%. This marks the fourth consecutive pause by the bank, reflecting a cautious approach amidst ongoing economic uncertaint...
Navigating 2024: Bank of Canada’s Outlook on Economy and Inflation
In his recent year-end speech, Bank of Canada governor Tiff Macklem shared his outlook on what lies ahead for Canada's economy in 2024. Let's break down the key points in simple terms. Transition Year Ahead Macklem anticipates that 2024 will ...
Bank of Canada Maintains Interest Rates Amid Economic Challenges
On September 6, 2023, the Bank of Canada made a crucial decision: it's keeping the overnight interest rate at 5 percent. This decision arrives during a pivotal time for the Canadian economy, facing slower growth and increasing inflation. Let's ...
Analyzing Canadian Inflation Trends: A Closer Look at July’s CPI Report
As summer heats up in Canada, so does anticipation for the July Consumer Price Index (CPI) report. The Bank of Canada closely watches this data to make decisions on future rate hikes. In this blog post, we break down the main points of ...