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The Latest Breaking News from Bank of Canada

Stocks Mixed Before the Open as Investors Weigh Interest Rate Outlook

June S&P 500 futures (ESM23) are up +0.08%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.10% this morning after three major U.S. benchmark indices finished the regular session mixed as an unexpected Bank of Canada rate increase forced investors to recalibrate their expectations regarding the Federal Reserve interest…

Barchart

Stock Market Today: Stocks Finish Mixed After Bank of Canada's Surprise Rate Hike

Canada's central bank unexpectedly lifted interest rates after pausing them earlier this year, boosting expectations for another Fed rate hike at next week's meeting.

Kiplinger

Stocks Slip Lower, Bank of Canada On Deck, Boeing Slides, Binance Freeze, Campbell Soup Earnings - 5 Things To Know

Stock futures slip lower as China data, growth worries weigh; Bank of Canada rate decision in focus as Fed meeting looms; Boeing extends slide following new 787 Dreamliner delays; SEC crypto crackdown intensifies with new Binance move and Campbell Soup earnings on deck with pricing power in focus.

The Street

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Canada central bank pauses rate hikes, holds at 4.5%

Ottawa (AFP) - The Bank of Canada on Wednesday became the first major central bank to pause its aggressive monetary policy in recent months, holding its key lending rate at 4.5 percent as inflation eased, after eight consecutive rate increases.

AFP

Canada economy stalls in 2022 fourth quarter

Ottawa (AFP) - Canada's economy stalled at the end of 2022 with zero growth, the government statistical agency said Tuesday, coming in below analysts' expectations.

AFP

Interest rate hikes: The Bank of Canada's 'resolute' fight against inflation could threaten its credibility

The Bank of Canada “resolutely” declared it will fight inflation by raising interest rates. To demonstrate its unwavering commitment to reaching the bank’s two per cent inflation target, today’s eighth consecutive interest rate hike brings the policy rate to 4.5 per cent. The bank expects to hold the rate for…

The Conversation

Cryptocurrencies are in crisis, but they are not going to disappear

Cryptocurrencies are experiencing their worst crisis since the arrival of the first crypto assets and virtual currencies in the 1990s and their democratization in the 2010s.

The Conversation

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How large corporations make huge profits from hidden markups at the expense of consumers

Inflation, followed by poverty and social inequality are the most pressing issues worrying people around the world right now. Canada has not been immune from the rising cost of living and is still fighting an inflation rate above the two per cent target preferred by the Bank of Canada.

The Conversation

Canada bans most foreigners from buying homes

Ottawa (AFP) - A ban on foreigners buying residential property in Canada took effect on Sunday, aiming to make more homes available to locals facing a housing crunch.

AFP

Canada central bank hikes key rate to 4.25%, hints at pause

Ottawa (AFP) - Canada's central bank on Wednesday hiked its key lending rate by 50 basis points to 4.25 percent, saying its aggressive moves to rein in inflation were working but that the economy was still too hot.

AFP

Canada central bank hikes key lending rate 50 basis points to 4.25%

AFP

High food prices could have negative long-term health effects on Canadians

Recent high food price inflation has plagued many Canadian families, especially those on tight budgets. Statistics Canada reported in October that in-store food prices increased at a faster rate than the all-items Consumer Price Index for the 11th month in a row.

The Conversation

Canada should focus on building ties with countries that share its values — but tread carefully

In his recent book, Values: Building a Better World for All, economist and former governor of the Bank of Canada and Bank of England Mark Carney argued that economic activity should be intentionally linked to the social and political outcomes it generates.

The Conversation

The Bank of Canada just hiked interest rates for the sixth time — is it too late?

Following closely on the heels of the European Central Bank and the U.S. Federal Reserve Board, the Bank of Canada has raised its target interest rate by 50 basis points. This is its sixth interest rate hike this year.

The Conversation

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AFP

Euro holds above dollar parity before ECB

London (AFP) - The euro held above parity with the dollar Thursday but eurozone stocks dropped as the European Central Bank prepares to announce another big hike to interest rates in the face of sky-high inflation.

AFP

Euro and pound hold gains, stocks mostly rise as rate fears ease

Hong Kong (AFP) - The euro, pound and yen all held their gains against the dollar Thursday and most equities rose as traders grow increasingly hopeful the Federal Reserve will slow its pace of interest rate hikes.

Benzinga

Dogecoin Tops Intraday Gains, Bitcoin, Ethereum Spike: Analyst Sees Apex Coin Rising To $22,500 If This Happens

Top coins rallied Wednesday evening as the global cryptocurrency market cap rose 3.1% to $1 trillion at 9:08 p.m. EDT.

The Conversation

The Bank of Canada's own policy is the reason why inflation is so high

The Bank of Canada has raised interest rates again in an effort to quell inflation. The central bank raised its policy rate by 0.75 percentage points on Sept. 7, bringing its benchmark overnight rate to 3.25 per cent. Economists are expecting the central bank to raise it again before the…

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The Independent UK

Queen Elizabeth is featured on several currencies. Now what?

Queen Elizabeth II has been depicted on British banknotes and coins for decades

The Walrus

What Is the Cost of a Cashless Society?

The trend toward digital payment could shortchange the country’s most vulnerable

Reuters

In protests and politics, Canada's 'Freedom Convoy' reverberates

In late January five friends, just a few years out of high school, piled into a rented camper van and drove 37 hours in the Canadian winter from southern Alberta to Ottawa to join anti-government protests led by a convoy of truckers.

Bangkok Post

Global Housing Boom Fades as Interest Rates Climb

Rising interest rates are slamming the brakes on a global housing boom that spread far beyond the U.S. during the pandemic, heaping extra pressure on central banks as they try to tame inflation without triggering deep downturns in their economies.

The New Daily

Mixed fortunes as larger than expected inflation and rate raises hit sharemarket gains

US sharemarkets erased a much of last week’s gains after a shockingly high inflation number, as the ASX200 spent most of the week consolidating its rally.

Benzinga

Canadians Wake Up To A Jolt After Bank Of Canada Hikes Rates 1% Overnight: Will The US Follow Suit?

The S&P TSX Composite Index (TSX: TSX) was slammed on Wednesday, dropping to its lowest point since March 8, 2021 to bounce up off the $18,378.83.

The Street

Bets On a 1% Fed Rate Hike Gaining Pace After Inflation Shock, Bank of Canada Move

Interest rate traders are accelerating bets on a 100 basis point Fed rate hike later this month, following faster-than-expected inflation data and a surprise move from the Bank of Canada.

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