Canadian Economic Growth Slows, But Still Leads G7 Countries
Filed Under Main Content · Tagged: Business Canada, Canadian Business, Economic Growth, Europe, G7 Countries, Leads
Canadian Business
Canada’s recovery is being brought down by a crisis on Europe and weakening conditions elsewhere.. See full story on this topic »
Bank of Canada to raise interest rate in July: Survey
Filed Under Main Content · Tagged: Bank Canada, Bank Of Canada, Basis Points, Double Dip Recession, Economic Data, Economic Recovery, Europe, Fears, Forecasters, Gauge, Interest Rate, Montreal Gazette, Opportunity, Overnight Rate, Pace, Policy Announcement, Probability, Quarter Point, Reuters Poll, Survey
The Montreal Gazette- The Bank of Canada will raise its key overnight interest rate next week, but the pace of subsequent hikes is less clear, according to Canadian primary dealers and global forecasters surveyed by Reuters.
The Reuters poll, released on Wednesday, showed a 73-per-cent median probability that the Bank of Canada will raise the overnight rate by 25 basis points, to 0.75 per cent from the current 0.50 per cent, at its next policy announcement date on July 20.
More than half of 42 forecasters surveyed say the central bank will not take every subsequent opportunity this year to raise rates by a quarter point, but will pause to gauge the pace of global economic recovery. Fears of a double-dip recession, Europe’s debt troubles and patchy U.S. economic data have weighed on markets in recent months…
Bank of Canada to raise interest rate in July: Survey
Bank of Canada raises key interest rate to 0.5 per cent
Filed Under Main Content · Tagged: Backdrop, Bank Canada, Bank Interest, Bank Of Canada, Basis Points, Considerable Uncertainty, Domestic Developments, Domestic Economy, Economic Outlook, Europe, Global Recovery, Interest Rate, Rate Hikes, Unrest
Times Colonist- For the first time in nearly three years, the Bank of Canada on Tuesday hiked its key interest rate, by 25 basis points to 0.5 per cent, as the domestic economy rebounds strongly against the backdrop of an "uneven" global recovery.
However, it signaled in its accompanying statement there is "considerable uncertainty" in the economic outlook given fiscal and financial unrest in Europe. As a result, further rate hikes "have to be weighed carefully" against global and domestic developments…
Bank of Canada raises key interest rate to 0.5 per cent
EU crisis a boon to Canadian homeowners
Filed Under Main Content · Tagged: Banks, Basis Points, Boon, Canadian Homeowners, Economists, Europe, Financial Instability, Globe And Mail, Mortgage Rate, Mortgage Rates, Rate Hikes, Reprieve, Swift
The Globe and Mail- The financial instability in Europe is giving Canadian homeowners a slight reprieve from rising mortgage rates.
Banks began a series of swift mortgage rate hikes in early April, and both bankers and economists said that rates would continue to rise.
But in the last week a number of banks have cut their rates by between 10 and 15 basis points, effectively undoing the last in a series of three successive rate hikes…
EU crisis a boon to Canadian homeowners – The Globe and Mail
