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Published 2 years ago

Bank of Canada expected to announce another supersized interest rate hike to help temper inflation

Summary by Ground News
After keeping its key interest rate near zero since March 2020, the central bank unveiled a pair of rate hikes in March and April. Nathan Janzen, assistant chief economist at the Royal Bank of Canada, says the overnight rate is widely expected to jump by another half-percentage point to 1.5 per cent.

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CTV NewsCTV News

Bank of Canada expected to jack up interest rates as inflation persists

Experts predict the Bank of Canada will likely announce another major interest rate boost Wednesday as it tries to rein in runaway inflation.

2 years ago·Canada
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CBC NewsCBC News

Bank of Canada all but certain to raise lending rates this week — with more hikes to come | CBC News

There's a virtually unanimous view among economists that the Bank of Canada will raise its benchmark lending rate to 1.5 per cent on Wednesday. That's bad news for anyone who owes money, but with inflation at its highest level in 30 years it's not hard to see why the bank feels compelled to act.

2 years ago·Canada
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Global NewsGlobal News

Canadians may see a 0.5% interest rate hike this week thanks to ‘persistent’ inflation - National | Globalnews.ca

The rising cost of living will likely push the Bank of Canada towards a second consecutive interest rate hike of 50 basis points, economists predict.

2 years ago·Toronto, Canada
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Winnipeg Free PressWinnipeg Free Press

Bank of Canada expected to jack up interest rates

Experts predict the Bank of Canada will likely announce another major interest rate boost Wednesday as it tries to rein in runaway inflation. After keeping its key interest rate near zero since March 2020, the central bank unveiled a pair of rate hikes in March and April — the second was by half a percentage point, an unusually big increase.

2 years ago·Winnipeg, Canada
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The Toronto StarThe Toronto Star

Bank of Canada expected to jack up interest rates as inflation persists

Experts predict the Bank of Canada will likely announce another major interest rate boost Wednesday as it tries to rein in runaway inflation.

2 years ago·Toronto, Canada
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The Globe & MailThe Globe & Mail

Bank of Canada expected to announce another supersized interest rate hike to help temper inflation

Bay Street forecasters widely expect the bank to follow up with another half-point move on Wednesday

2 years ago·Canada
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BusinessBusiness
Bank of CanadaBank of Canada
Central BankCentral Bank
EconomyEconomy
InflationInflation
Interest RatesInterest Rates
Ottawa, OntarioOttawa, Ontario
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