March Inflation of 6.7% Sends BoC Rate Hike Expectations Higher
March Inflation of 6.7% Sends BoC Rate Hike Expectations Higher
Inflation continued to heat up in March, raising market expectations for future Bank of Canada rate hikes.
You can contact us to get more choices
0
You can contact us to get more choices
Related posts
Inflation continued to heat up in March, raising market expectations for future Bank of Canada rate hikes.
Inflation continued to heat up in March, raising market expectations for future Bank of Canada rate hikes.
All eyes will be on the Bank of Canadaโs interest rate decision this week, which some say could be its last increase of the year, and perhaps of this rate cycle. Markets are pricing in a 75-bps hike, which would bring the Bank of Canadaโs overnight rate to 3.25%, just above its 2%-3% โneutralโ range and into restrictive territory. If that happens, economists from CIBC, TD Bank and National Bank of Canada believe this could be the central bankโs last rate hike of this cycle, with the ...
All eyes will be on the Bank of Canadaโs interest rate decision this week, which some say could be its last increase of the year, and perhaps of this rate cycle. Markets are pricing in a 75-bps hike, which would bring the Bank of Canadaโs overnight rate to 3.25%, just above its 2%-3% โneutralโ range and into restrictive territory. If that happens, economists from CIBC, TD Bank and National Bank of Canada believe this could be the central bankโs last rate hike of this cycle, with the ...
As fixed mortgage rates continued to rise last week, variable-rate holders are expected to see their own increase next week.
As fixed mortgage rates continued to rise last week, variable-rate holders are expected to see their own increase next week.
While todayโs 50-bps rate hike was no surprise, the Bank of Canadaโs hawkish statement that accompanied it was. Todayโs rate increaseโthe second half-point hike in as many months, and the third of the yearโwas fully priced in by markets. It brings the Bankโs key lending rate to 1.50%, 125 basis points above its record-low levels, where it sat throughout the pandemic. Markets were instead focused on the accompanying statement, where the Bank reaffirmed its commitment to essentially ...
While todayโs 50-bps rate hike was no surprise, the Bank of Canadaโs hawkish statement that accompanied it was. Todayโs rate increaseโthe second half-point hike in as many months, and the third of the yearโwas fully priced in by markets. It brings the Bankโs key lending rate to 1.50%, 125 basis points above its record-low levels, where it sat throughout the pandemic. Markets were instead focused on the accompanying statement, where the Bank reaffirmed its commitment to essentially ...
All eyes will be on the Bank of Canada's rate decision on Wednesday, which could see the largest rate hike in over 20 years.
All eyes will be on the Bank of Canada's rate decision on Wednesday, which could see the largest rate hike in over 20 years.
The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year.
The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year.
The Bank of Canada surprised markets on Wednesday by delivering a lower-than-expected 50-basis-point rate hike, its sixth consecutive rate increase of the year. That brings the benchmark rate to 3.75%, 350 basis points higher compared to where it began the year. Markets had overwhelmingly expected a 75-bps hike following the release of September inflation data, which showed price growth still stubbornly high. But the Bankโs decision to hike by only 50 bps signals potential concerns about we...
The Bank of Canada surprised markets on Wednesday by delivering a lower-than-expected 50-basis-point rate hike, its sixth consecutive rate increase of the year. That brings the benchmark rate to 3.75%, 350 basis points higher compared to where it began the year. Markets had overwhelmingly expected a 75-bps hike following the release of September inflation data, which showed price growth still stubbornly high. But the Bankโs decision to hike by only 50 bps signals potential concerns about we...
As was widely expected, the Bank of Canada raised its benchmark lending rate by 50 basis points on Wednesday, bringing it to 1.00%.
As was widely expected, the Bank of Canada raised its benchmark lending rate by 50 basis points on Wednesday, bringing it to 1.00%.
With interest rates now in restrictive territory and signs of economic weakness, the Bank of Canada is facing one of its most important decisions in this rate-hike cycle, according to some. โCanadian monetary policymakers have a major decision to make [this] week,โ wrote Royce Mendes, Managing Director and Head of Macros Strategy at Desjardins. โIn fact, it will be the most crucial deliberation of this rate-hiking cycle so far.โ Following the release of September inflation data last wee...
With interest rates now in restrictive territory and signs of economic weakness, the Bank of Canada is facing one of its most important decisions in this rate-hike cycle, according to some. โCanadian monetary policymakers have a major decision to make [this] week,โ wrote Royce Mendes, Managing Director and Head of Macros Strategy at Desjardins. โIn fact, it will be the most crucial deliberation of this rate-hiking cycle so far.โ Following the release of September inflation data last wee...
Having already raised interest rates by 300 basis points this year, the Bank of Canadaโs Tiff Macklem confirmed on Thursday that additional rate hikes (plural form) are โwarranted.โ In a prepared speech delivered at the Halifax Chamber of Commerce, Macklem said the Bank has yet to see clear evidence that underlyingโor โcoreโโinflation is coming down. โWhen combined with still-elevated near-term inflation expectations, the clear implication is that further interest rate increases ...
Having already raised interest rates by 300 basis points this year, the Bank of Canadaโs Tiff Macklem confirmed on Thursday that additional rate hikes (plural form) are โwarranted.โ In a prepared speech delivered at the Halifax Chamber of Commerce, Macklem said the Bank has yet to see clear evidence that underlyingโor โcoreโโinflation is coming down. โWhen combined with still-elevated near-term inflation expectations, the clear implication is that further interest rate increases ...