In under a minute, Financial Post Reporter, Bianca Bharti, shares your top stories in finance for the week. Find out more here.
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Bank of Canada holds rates: Here are the week's top storiesIn under a minute, Financial Post Reporter, Bianca Bharti, shares your top stories in finance for the week. Find out more here.
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When will the Bank of Canada start cutting interest rates?Canada’s cooling economy prompted country’s central bank to hold interest rates at five per cent this week, and economists say rate cuts could be possible in first few months of 2024.
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Bank of Canada says interest rates may not be high enoughBank of Canada Governor Tiff Macklem on Thursday said interest rates may not be high enough to bring inflation back down to target, sending a hawkish message after holding borrowing costs at a 22-year high a day earlier. On Wednesday, the Bank of Canada (BoC) kept its key rate at 5%, noting the economy had entered a period of weaker growth, but said it could hike again should price pressures persist. Inflation has remained above the bank's 2% target for 27 months.
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Bank of Canada may need to raise rates again, despite this week's hold: MacklemCALGARY — Bank of Canada Governor Tiff Macklem says the central bank may have to raise interest rates further, given inflation may stay high for some time. That’s according to prepared remarks the governor is delivering before the Calgary Chamber of Commerce today. His speech comes one day after the central bank decided to hold its key interest rate steady at five per cent as signs of a slowing economy grow. However, Macklem says today that the central bank’s governing council agreed rates may n
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Bank of Canada may need to raise rates again, despite this week's hold: MacklemBank of Canada Governor Tiff Macklem said the central bank may have to raise interest rates further, given inflation may stay high for some time.
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Bank of Canada may need to raise rates again, despite this week's hold: MacklemCALGARY — Bank of Canada Governor Tiff Macklem says the central bank may have to raise interest rates further, given inflation may stay high for some time.
Read more »