Bank of Canada

Most forecasters expect BoC to raise interest rates again in July Fallback Image Decorative pattern

Economic Indicators

Most forecasters expect BoC to raise interest rates again in July

A dip in inflation may not be enough to stop another rate hike

By Nojoud Al Mallees, The Canadian Press |June 23, 2023

3 min read

BoC debated waiting until July to hike rates, but says data prompted it to act sooner Fallback Image Decorative pattern

Economic Indicators

BoC debated waiting until July to hike rates, but says data prompted it to act sooner

Latest hike came after inflation rose slightly to 4.4% in April

By Nojoud Al Mallees, The Canadian Press |June 21, 2023

2 min read

Bank of Canada raises key interest rate amid stubbornly high inflation Bank of Canada raises key interest rate amid stubbornly high inflation

Economic Indicators

Bank of Canada raises key interest rate amid stubbornly high inflation

Key interest rate now sits at 4.75%, highest it's been since 2001

By The Canadian Press |June 7, 2023

3 min read

Momentum may lead to higher rates this summer, economists say Momentum may lead to higher rates this summer, economists say

Economic Indicators

Momentum may lead to higher rates this summer, economists say

Canadian economy still growing despite interest rates that are at their highest levels since 2007

By Nojoud Al Mallees, The Canadian Press |June 5, 2023

3 min read