Interest Rates

• How the latest interest rate hike could affect everyday Canadians

  While Wednesday's hike is less significant than those that followed the pandemic, experts say people who are already struggling to make ends meet will feel the burden first.

  Economy

  5 hours
  
• Bank of Canada says its interest rate hike is ‘not going to feel good’

  The Bank of Canada hiked interest rates by 0.25 per cent on Wednesday to 2.5 per cent, marking the first change to its benchmark in a year and the first increase in three years.

  Economy

  Oct 28
  
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• Bank of Canada expected to raise rates next week, some economists say

  The Bank of Canada has held its key interest rate unchanged for about a year, but some economists expect rates to begin increasing again as early as next week.

  Consumer

  Oct 21
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• What the U.S. Fed hiking rates means for the loonie and for borrowers

  The U.S. Federal Reserve hiked interest rates for the first time in three years on Wednesday, and several economists say this could add pressure on the Bank of Canada.

  Consumer

  Sep 17
• U.S. Fed hikes interest rate for 1st time in 3 years, defying Trump

  The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation.

  Economy

  Sep 16
• Why are rising bond yields spurring alarm? And what do they mean for you?

  Consumers could be facing higher borrowing costs for longer as bond markets are once again signalling rising economic risk to the finance and investing community.

  Consumer

  Sep 11
• Bank of Canada holds key rate at 2.25 per cent once again

  Monetary policymakers at the Bank of Canada use the policy rate to keep a lid on inflation and support economic growth when prices are contained.

  Canada

  Sep 2
• Why spiking U.S. bond yields could be a big warning for the economy

  Experts say a sharp rise in U.S. bond yields this week was a major warning sign about inflation, interest rates and economic uncertainty.

  Economy

  Jul 31
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• U.S. Fed holds interest rate despite some dissents as inflation persists

  The Fed’s rate-setting committee reached its decision after two days of deliberations, marking the fifth straight meeting at which the benchmark rate was kept at around 3.6%.

  U.S. News

  Jul 29
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• Bank of Canada holds rates at 2.25% as Iran war risks future hikes

  Governor Tiff Macklem at the Bank of Canada warned that interest rates may need to rise if the war in Iran leads to persistent inflation in Canada.

  Economy

  Jul 15