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The Latest Breaking News from Bank of Canada

Strong market gains and job increases despite another interest rate bump

The ASX200 had its best week in three months, rising by 2.1 per cent, supported by the rebound on Wall Street and strong gains in IT stocks.

The New Daily

Canada has a path to "soft landing," finance minister Freeland says- CBC

Finance Minister Chrystia Freeland on Sunday said Canada still has a path to a "soft landing," where it could stabilize economically after the blow by the COVID-19 pandemic, without facing a severe recession that many fear, CBC News reported

Reuters

Toronto Housing Crash Up To 36 Percent In Certain GTA Suburbs Since February 2022

After an epic 30-year run in housing prices in the Greater Toronto Area (GTA)—interrupted by only a handful of sharp but quick declines—the bear is back. In some GTA suburbs, Toronto housing crash has shaved over one-third of value off of average home prices the first two quarters of 2022…

Benzinga

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Market Wrap: Economic ‘hurricane’ warning as Russian oil ban brings volatility to markets

Investors warned to prepare for an economic "hurricane" caused by aggressive central bank tightening and the war in Ukraine.

The New Daily

Market Wrap: ASX200 set to start the week on a high, while Omicron and floods decelerate growth

The ASX200 locked in a second straight week of gains closing 0.5 per cent higher at 7182, supported by gains in the materials and financial sectors.

The New Daily

Canada PM Trudeau says rival's attacks on central bank 'disappointing'

Canadian Prime Minister Justin Trudeau on Thursday said central bank independence was an important principle, following "disappointing" attacks on the institution and its leaders by the front-runner for leader of the opposition Conservatives.

Reuters

ECB sticks to the plan as inflation, Ukraine shake eurozone

Frankfurt (AFP) - The European Central Bank on Thursday stood still in the face of record inflation, keeping its stimulus plans and rates unchanged, as the war in Ukraine cast a pall over the eurozone economy.

AFP

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ECB holds tight as inflation tide rises

AFP

Why we can’t just 'stop printing money' to get inflation down

With the Bank of Canada announcing an oversized interest rate hike this week, it might seem like central banks are coming to rescue us from inflation once again. Yet while they did play an important role in mitigating a COVID-induced recession, central banks don’t have the power to solve our…

The Conversation

Canada targets housing, banks in modest-spending budget

Canada's Liberals put red-hot real estate markets squarely in their sights on Thursday, laying out a budget geared at boosting housing affordability amid soaring inflation, while promising modest new spending to encourage medium-term growth.

Reuters

Bank Of Canada Raises Interest Rates For First Time Since 2018, With More To Come

The Bank of Canada raised interest rates to 0.5%, a 25-basis-point uptick that marked the first time that rates were increased by the nation’s central bank since 2018.

Benzinga

Executives Sell More Than $47M Of 5 Stocks

Although the Bank of Canada raised its key lending rate to 0.5% on Wednesday, there were a few notable insider trades.

Benzinga

Schembri retiring after nine years as Bank of Canada deputy governor

OTTAWA — The Bank of Canada says Lawrence Schembri is retiring in June after 25 years at the country's central bank, including nine as deputy governor.

The Canadian Press

What-flation? As inflation rate passes five per cent, a primer on some adjacent words

TORONTO — After holding off on an interest rate increase last month, the stage is set for the Bank of Canada to hike in March after the annual inflation rate topped five per cent for the first time in more than 30 years, with prices rising for everything from groceries…

The Canadian Press

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The Canadian Press

Macklem says increased productivity, business investment, needed to temper inflation

The governor of the Bank of Canada made clear Wednesday that higher interest rates are coming to tamp down on inflation, but said businesses also need to do their part by boosting productivity and easing the supply constrains that are helping to push up prices.

The Canadian Press

Macklem tells senators path for falling inflation rates is uncertain

OTTAWA — The country's top central banker is warning of uncertainty for how quickly three-decade-high inflation rates will come back down to the Bank of Canada's comfort zone.

The Canadian Press

Business News Advisory from The Canadian Press

Here are the CP Business Department's plans for today and the top business stories so far. All times Eastern unless otherwise stated. All ETAs and wordcounts approximate. Entries are subject to change as news develops.

AFP

Bank of Canada keeps benchmark rate unchanged despite inflation

Montreal (AFP) - The Bank of Canada said Wednesday it is keeping its benchmark overnight lending rate unchanged at 0.25 percent despite inflationary pressures, citing the harmful effects of the Omicron variant on the economy.

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The Canadian Press

Business News Advisory from The Canadian Press

The Canadian Press

Bank of Canada keeps key interest rate target on hold, but warns of looming hikes

OTTAWA — The Bank of Canada kept its key interest rate on hold Wednesday, but warned higher interest rates are coming to help it reel in inflation from its hottest pace in three decades.

The Guardian - UK

Federal Reserve leaves interest rates on hold, but March rise looks likely – as it happened

Rolling coverage of the latest economic and financial news

The Canadian Press

Annual inflation rate hits 30-year high, upping pressure on Bank of Canada

OTTAWA — Headline inflation in Canada hit a 30-year high at the end 2021 with warnings from economists that the pace of price increases could rise even higher and stirring expectations of a central bank response before the month is over.

The Canadian Press

Bank of Canada survey suggests businesses, consumers expect high inflation for longer

OTTAWA — Canada's central bank says businesses and consumers are increasingly convinced that the pace of price increases will continue for the foreseeable future.

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