Bank of Canada Hikes Key Rate by 50 Bps to 3.75%, Balancing Between Too High Inflation and Slower Demand 
–BOC Governing Council Still Believes Interest Rates Need to Rise Further –BOC: Canadian Economy in Excess Demand, Labor Markets Tight –Governor Macklem: Getting Closer to End of Tightening but Not Over Yet–Macklem: Future Tightening Could Mean Large or Normal Rate Hike By Max Sato (MaceNews) – The Bank of Canada on Wednesday raised its policy […]
Bank of Canada’s Beaudry: To Take Whatever Actions Needed to Bring Inflation Down to 2% Target
–BOC Deputy Governor Beaudry: Canada’s Aug CPI Eased to 7% Y/Y Rise But Still Too High By Max Sato (MaceNews) – The Bank of Canada’s policymakers will take whatever actions necessary to bring still too high inflation back to its 2% target and maintain people’s confidence in the bank’s price stability mandate, Deputy Governor Paul […]
Bank of Canada’s Rogers: Long Way to Go Before High Inflation Returns to Target
–Senior Deputy Governor: To Keep High Inflation from Becoming Entrenched–Rogers: Some Early Signs of Rate Hikes Working, As in Housing Market Pullback–Rogers: Canadian Economy Strong, Can Cool and Stay in Positive Territory –Rogers: Higher Rates Are Adding Burden to Canadians but Need to Bring Inflation Down By Max Sato (MaceNews) – The Bank of Canada’s […]
Bank of Canada Hikes Key Rate by 75 Bps to 3.25% in Front-Loading Tightening Drive 
–BOC: Key Rate Still Needs to Rise Further, to See How Much Higher It Should Go–BOC Repeats: Canadian Economy in Excess Demand, Inflation High and Broad–BOC: Economy to Moderate in 2nd Half of 2022 on Slower Global Demand, Tightening By Max Sato (MaceNews) – The Bank of Canada on Wednesday raised its policy interest rate […]
Bank of Canada Expected to Lift Key Rate by 75 Bps in Front-Loading Move to Fight Inflation
By Max Sato (MaceNews) – The Bank of Canada is widely expected to raise its policy interest rate — the target for overnight lending rates — by 75 basis points to 3.25% on Wednesday as part of its front-loading credit tightening drive to bring down decades-high inflation above 7% to its 2% target. The move […]
Bank of Canada Jacks Up Rate by 100 Bps to 2.5% as Bank ‘Front-loads’ Rate Hikes
–BOC: Interest Rates Need to Rise Further, Pace Up to Economic Assessment –BOC: Canadian Economy in Excess Demand, Inflation High and Broad –BOC Revises Up CPI Forecasts for Next Few Years, Sees Slower GDP Growth By Max Sato (MaceNews) – The Bank of Canada on Wednesday surprised the markets by jacking up its policy interest […]
BOC Q2 Survey: Business Sentiment Dips for 2nd Straight Quarter on High Costs, Supply Delays
—Labour Shortages More Intense, Limiting Sales Growth; Wages Rising Fast –Capex Plans Backed by Demand but May Slow Amid High Costs, Higher Rates –Consumer Survey Also Points to Higher Inflation, Uncertainty By Max Sato (MaceNews) – Sentiment among companies in Canada declined for the second straight quarter in April-June, hit by rising costs and […]
Bank of Canada’s Beaudry: May Need To Hike Rates Above 2-3% Neutral Rate As Inflation Persists
By Max Sato (MaceNews) – The Bank of Canada may need to keep raising its policy interest rate above what it sees as neutral, currently in the 2% to 3% range, as inflation has been rising faster than expected and could become much harder to control, Deputy Governor Paul Beaudry said Thursday. He also said […]
Bank of Canada Raises Policy Rate Again to Tame Inflation, Says to Rise Further Given Strong Growth, High Inflation
–BOC: Ukraine War, China’s Covid Lockdowns, Supply Constraints Weighing on Growth, Boosting Inflation –BOC Repeats: Timing, Pace of Further Rate Hikes Set by Economic Assessment By Max Sato (MaceNews) – The Bank of Canada on Wednesday lifted its policy interest rate – the target for overnight lending rates – by another 50 basis points to […]
Bank of Canada Deputy Gov. Gravelle: May Hike Above Neutral Rates or Pause as Prices, Growth Shift
–Gravelle: BOC Not on Pre-Set Path Toward Specific ‘Terminal’ Rate –Gravelle: Canadian Economy Can Take Higher Interest Rates –Gravelle: Supply Chain Bottlenecks Could Last Longer, Spending Could Surge –Gravelle: Canadians Have More Liquid Assets, Reduced Non-Mortgage Debts –Gravelle: Prices Could Dip, Spending on Goods Could Slump in Shift to Services –Gravelle: Households Highly Indebted in […]