Bank of Canada raises interest rates as it tries to get ahead of hot economy
Posted: Jun 8th, 2023In: ConstructionNewsPhoto: Bank of Canada OTTAWA – After watching to see whether its aggressive rate hike path were enough to quash inflation, the central bank has opted to raise interest rates again – fuelling speculation that another rate[...]
Read More about Bank of Canada raises interest rates as it tries to get ahead of hot economyBank of Canada holds key rate for first time in a year, leaves door open to hikes
Posted: Mar 10th, 2023In: ConstructionNewsPhoto: Bank of Canada OTTAWA – The Bank of Canada is holding its key interest rate steady for the first time in a year while reiterating its wait-and-see approach to monetary policy. The central bank said Wednesday that it has decided[...]
Read More about Bank of Canada holds key rate for first time in a year, leaves door open to hikesSlowing growth a `good thing’ when economy is overheated: BoC’s Macklem
Posted: Feb 15th, 2023In: ConstructionNewsOTTAWA – Bank of Canada governor Tiff Macklem says that although a slowing economy may not seem like a good thing, it is when the economy is overheated. Speaking in Quebec City Tuesday, Macklem said that higher interest rates are[...]
Read More about Slowing growth a `good thing’ when economy is overheated: BoC’s MacklemBoC considered not raising rates last month, but hot economy swayed decision
Posted: Feb 13th, 2023In: ConstructionNewsBank of Canada Governor Tiff Macklem at the January 25, 2023 interest rate announcement meeting OTTAWA – The Bank of Canada contemplated not raising interest rates last month but with the economy outperforming expectations, its governing council ultimately decided[...]
Read More about BoC considered not raising rates last month, but hot economy swayed decisionInterest rate hikes: The Bank of Canada’s ‘resolute’ fight against inflation could threaten its credibility
Posted: Jan 30th, 2023In: ConstructionNewsTiff Macklem, Governor of the Bank of Canada, holds a press conference at the Bank of Canada in Ottawa on Jan. 25, 2023. THE CANADIAN PRESS/Sean Kilpatrick Ellen D. Russell, Wilfrid Laurier University The Bank[...]
Read More about Interest rate hikes: The Bank of Canada’s ‘resolute’ fight against inflation could threaten its credibilityBank of Canada hikes key interest rate by quarter point, says it plans to hold
Posted: Jan 26th, 2023In: ConstructionNewsOTTAWA – The Bank of Canada delivered what it expects to be its last interest rate hike of the cycle as it pauses to assess the effects of higher rates on the economy. The central bank raised its key interest rate by a quarter of a percentage[...]
Read More about Bank of Canada hikes key interest rate by quarter point, says it plans to holdMortgage stress tests unchanged despite housing market slowdown
Posted: Dec 19th, 2022In: ConstructionNewsMortgage stress test levels were left unchanged Thursday as the federal banking regulator and Department of Finance favoured a cautious approach over calls to relax tests to help a slowing housing market. The Office of the Superintendent[...]
Read More about Mortgage stress tests unchanged despite housing market slowdownBank of Canada governor says rate hikes are working but it needs to stay the course
Posted: Dec 13th, 2022In: ConstructionNewsThe Bank of Canada expects to see a clear pullback in inflation by the spring, but it isn’t taking any chances in its efforts to get the inflation rate back to two per cent, said governor Tiff Macklem on[...]
Read More about Bank of Canada governor says rate hikes are working but it needs to stay the courseBank of Canada hikes key rate by half percentage point, signals possible pause
Posted: Dec 7th, 2022In: ConstructionNewsOttawa: Bank of Canada (Photo: Wladyslaw via Wikimedia Commons) OTTAWA – The Bank of Canada hiked its key interest rate by half a percentage point Wednesday to 4.25 per cent – the highest it’s been since January 2008 –[...]
Read More about Bank of Canada hikes key rate by half percentage point, signals possible pauseSmith Financial to buy Home Capital Group as mortgage industry under strain
Posted: Nov 28th, 2022In: ConstructionNewsTORONTO – Mortgage lender Home Capital Group Inc. has agreed to be bought by Smith Financial Corp. in a deal that values the company at $1.7 billion as the sector feels the strain from rising[...]
Read More about Smith Financial to buy Home Capital Group as mortgage industry under strain