The Bank of Canada raised its benchmark interest rate by half a percentage point to 4.25 per cent on Wednesday, the latest oversized step in its efforts to tamp down inflation. The central bank also signalled in a statement accompanying the decision that a pause in rate hikes could be coming.“Looking ahead, Governing Council will
Canadians are growing more concerned about the state of the economy and the impacts on their pocketbooks, a new poll suggests, with a majority now saying they are worried they won’t have enough money to feed their families. The Ipsos poll conducted exclusively for Motorcycle accident toronto today found 53 per cent of those surveyed were fearful
The Bank of Canada is expected to conclude a historic year marked by high inflation and aggressive monetary policy tightening with one more interest rate hike on Wednesday. Forecasters anticipate the central bank will raise its key interest rate, which is currently at 3.75 per cent, by either a quarter or half a percentage point