Countdown begins to interest rate hikes
Filed Under Main Content · Tagged: Bank Of Canada, Benchmark Rate, Bmo Capital Markets, Countdown, Economist, Economy, First Steps, Inflation, Interest Rate Hikes, Mark Carney, Michael Gregory, Subtle Changes, Urge
Financial Post- The Bank of Canada took its first steps Tuesday toward returning the country to more normal interest rate levels by signaling a more hawkish tone on inflation and acknowledging the economy is performing better than expected on "vigorous" consumer demand.
The messages were conveyed in the Bank of Canada’s latest interest-rate statement, which kept its record-low benchmark rate of 0.25% as is and pledged to keep it there until July. But most bank watchers took note of subtle changes in the statement, compared with previous rate announcements, and there was enough there for them to begin the countdown to rate hikes.
"I suspect [governor] Mark Carney and company are starting to feel the urge to tighten — not a strong urge now, but an urge nevertheless," said Michael Gregory, senior economist at BMO Capital Markets…
Countdown begins to interest rate hikes
Central bank urged to hike interest rates after June
Filed Under Main Content · Tagged: Bank Canada, Bank Of Canada, Basis Points, C D Howe, C D Howe Institute, Canadian Economy, Inflation, Interest Rate, Interest Rates, Pace, Pledge, Preferred Target, Rate Hikes, Rate Increases, Sharp
Times Colonist- The Bank of Canada should uphold its conditional pledge to keep its key policy rate at 0.25 per cent until July but should then embark on sharp rate hikes of 50 basis points at every announcement date until mid-2011, says an analysis prepared for the C.D. Howe Institute.
The call for sharp rate increases after June emerged yesterday, one week before the Bank of Canada releases its latest interest-rate statement. Recent data indicate the Canadian economy likely expanded in the final quarter of 2009 at a faster pace than the central bank expected (four per cent versus 3.3 per cent), and inflation is now closer to the central bank’s two per cent preferred target than it previously envisaged…
Central bank urged to hike interest rates after June
Could Canada be headed for sky-high inflation?
Filed Under Main Content · Tagged: Central Banks, Ctv Ca, Ctv Canada, Inflation, Interest Rates, Mortgage Rates, Rates Mortgage, Sky High, Teens
CTV.ca - They can tell you of the days when surging inflation forced central banks to jack up interest rates sky-high, creating mortgage rates in the high teens. …
CTV.ca | Could Canada be headed for sky-high inflation?
Inflation: Why do prices rise and fall?
Filed Under Main Content · Tagged: Bank Of Canada, Cbc Ca, Inflation, Mortgage Interest, Ontario Mortgage, Tobacco Products, Toronto Ontario, Wheat Prices
CBC.ca - Toronto,Ontario - … mortgage interest, intercity transportation and tobacco products). It’s the rate the Bank of Canada takes most note of. Wheat prices surged above $10 US …
