Canada's key interest rate could go up another half percentage point in June to help wrestle inflation under control, Bank of Canada governor Tiff Macklem signalled on Monday, April 25, 2022.
The Bank of Canada kept its key interest rate on hold on Wednesday, October 28, 2020, as it said the country's economy won't fully recover what was lost to COVID-19 until 2022, with the road to there dependent on the path of the pandemic.
The Bank of Canada is turning to the public for input on its inflation-rate target that underlies any changes to the central bank's trend-setting interest rate.
The Bank of Canada will keep its key interest rate at 0.25 per cent until the national economic picture improves, which governor Tiff Macklem said on Wednesday, July 15, 2020, will take "a long time."
Prime Minister Justin Trudeau says the federal government is willing to send money to provinces that want to provide salary top-ups to workers deemed essential.
Canada's central bank cut another half-point off its key interest rate in an emergency move that comes ahead of what the federal Liberals say will be a "significant" stimulus plan to cushion the economic blow from COVID-19.
Canada's central bank was leaning towards cutting its trend-setting interest rate this week before the novel coronavirus pushed it to take a more dramatic step to get ahead of the shock the outbreak will have on the economy, Bank of Canada governor Stephen Poloz says.
The Bank of Canada is widely expected to leave its benchmark interest rate unchanged at 1.75 per cent today, December 05, 2018, after a 25-basis-point increase at its last setting in October.
