Bank of Canada hikes key interest rate by full percentage point
Posted: Jul 14th, 2022In: ConstructionNewsOTTAWA – The Bank of Canada raised its key interest rate by a full percentage point on Wednesday, marking the largest single rate hike since August 1998. The central bank’s decision signalled a more aggressive approach to bringing skyrocketing inflation,[...]
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Bank of Canada open to hiking interest rates past 3% in bid to bridle inflation
Posted: Jun 4th, 2022In: ConstructionNewsOTTAWA – The Bank of Canada may need to raise its key interest rate to three per cent or beyond – more than double its current level – to ensure inflation doesn’t settle in for the long haul, its[...]
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Bank of Canada increases policy interest rate by 50 basis points, continues QT
Posted: Jun 2nd, 2022In: ConstructionNewsThe Bank of Canada (BoC) increased its target for the overnight rate to 1½% on Wednesday, with the Bank Rate at 1¾% and the deposit rate at 1½%. The Bank is also continuing its policy[...]
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The Bank of Canada hiked rates again. Here’s a timeline of how we got here
Posted: Jun 1st, 2022In: ConstructionNewsThe Bank of Canada raised its overnight rate by half a percentage point to 1.5 per cent Wednesday and signalled more increases to come, as it aims to curb out-of-control inflation, which is now at its highest level in[...]
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