Bank 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 hikes
Slowing 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 Macklem
BoC 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 decision
Interest 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 credibility
Bank 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 hold
Bank 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 course
Bank 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 pause
Long term rate hikes effects will be ‘more powerful’ than people think: Poloz
Posted: Nov 26th, 2022In: ConstructionNewsOTTAWA – The full effects of interest rate hikes have yet to be felt – and will be “even more powerful” than many anticipate, said former Bank of Canada governor Stephen Poloz Thursday in a speech about ways Canada can chart a path[...]
Read More about Long term rate hikes effects will be ‘more powerful’ than people think: Poloz
Inflation relief measures should be well targeted and temporary, says Macklem
Posted: Nov 24th, 2022In: ConstructionNewsOTTAWA – Governments looking to provide inflation relief to Canadians should choose measures that are well targeted and temporary, says Bank of Canada governor Tiff Macklem. At a House of Commons committee meeting Wednesday, Conservative MP Adam Chambers asked the governor[...]
Read More about Inflation relief measures should be well targeted and temporary, says Macklem
Canada’s low unemployment rate is unsustainable, contributing to inflation: Macklem
Posted: Nov 11th, 2022In: ConstructionNewsTORONTO – Canada’s low unemployment rate is not sustainable and is contributing to decades-high inflation, Bank of Canada governor Tiff Macklem said during a speech in downtown Toronto Thursday. Speaking before students and researchers at Toronto Metropolitan University, the governor[...]
Read More about Canada’s low unemployment rate is unsustainable, contributing to inflation: Macklem