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The Canadian Media

The Canadian Media

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Tag: Bank of Canada

Canada / Finance/Business

Bank of Canada ready to guard Canadian banks if current banking crisis in US, Europe affects Canada

March 30, 2023March 30, 2023 - by cmedia

Bank of Canada. Image credit: Wikimedia Commons Ottawa/CMEDIA: Canadian banks would be readily guarded from a global financial crisis by the Bank of Canada if the current banking crisis in the U.S. …

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Canada / Finance/Business

Bank of Canada releases details on interest rate decision in response to IMF’s recommendations

February 9, 2023February 9, 2023 - by cmedia

Toronto/CMEDIA: The Bank of Canada released on Wedneaday a summary of meetings of its Governing Council  made up of six members including Bank of Canada Governor Tiff Macklem and his deputies …

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Canada / Finance/Business

Bank of Canada increases policy interest rate by 25 basis points

January 26, 2023January 26, 2023 - by cmedia

Ottawa/CMEDIA: Benchmark interest rate has been raised by the Bank of Canada by 25 basis points to 4.5 percent. It is expected that the bank’s governing council would reportedly hold …

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Finance/Business

Canadian economic growth expectations lag in Q2; July estimate foretells contraction

August 31, 2022August 31, 2022 - by cmedia

Bank of Canada. Image credit: WikimediaCommons Toronto: According to the expectations of the Economists there would be another aggressive interest rate hike by the Bank of Canada next week after …

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Finance/Business

Canada sees higher-than-expected inflation, Bank of Canada raises key interest rate by 1 percent

July 13, 2022July 13, 2022 - by cmedia

Representative image of Canada’s rising inflation. Image credit: Pixaby Ottawa/CMEDIA: Canada’s reportedly higher-than-expected inflation led the Bank of Canada to hike its overnight interest rate by 100 basis points to …

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Canada / Politics

Cost of living to be balanced with fiscal restraint, Chrystia Freeland says

June 26, 2022June 26, 2022 - by cmedia

Chrystia Freeland, Canada’s Finance Minister reportedly said that in order to avoid the cost of living problem worse, there is a need to strike a balance between helping Canadians suffering …

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Finance/Business

Canada’s inflation rate spikes to a near 40-year high

June 23, 2022June 23, 2022 - by cmedia

Representative image of Canada’s rising inflation. Image credit: Pixaby Ottawa/CMEDIA: With increase in Canadian consumer prices in May at rates not seen since January 1983, Canada’s annual inflation rate accelerated …

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Canada / Finance/Business

Bank of Canada to outline risks in financial system amid soaring inflation

June 9, 2022June 9, 2022 - by cmedia

Bank of Canada. Image credit: Wikimedia Commons Ottawa/CMEDIA: Bank of Canada has reported high household debt and elevated housing prices have posed increased risks to the Canadian financial system, These …

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Canada / Finance/Business

Bank of Canada hikes benchmark interest rate by half a percentage point to 1.5%, predicts more hikes

June 1, 2022June 1, 2022 - by cmedia

Ottawa/CMEDIA: The Bank of Canada raising its benchmark interest rate by half a percentage point to 1.5 percent on Wednesday was widely expected as inflation had hit 6.8 percent in …

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Canada/US / Finance/Business

Bank of Canada moved to raise the key interest rate to 1 percent due to Canada’s skyrocketing inflation

April 14, 2022April 14, 2022 - by cmedia

CMEDIA/The Bank of Canada raised its key interest rate to one percent on Apr 14, the highest rate increase in more than 20 years, with a warning that rate increases could …

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