Fewer Interest Rate Hikes in 2012 Expected
Filed Under Main Content · Tagged: Bank Of Canada, Bloomberg, Canadian Economists, Interest Rate Hikes, Rate Increases
Financial Post – Bloomberg News
A Bloomberg survey shows Canadian economists have cut in half their expectations for Bank of Canada policy-rate increases….See full story on this topic »
B.C. households most at risk to debt shocks – The Globe and Mail
Filed Under Main Content · Tagged: British Columbia, Economic Shock, Falling House Prices, Globe And Mail, Globe Mail, Households, Interest Rate Hikes, Jobless Rate, Risk, Shocks, Toronto Dominion Bank
Households in British Columbia are most vulnerable to an unexpected economic shock like falling house prices, swift interest rate hikes or a surging jobless rate, a paper by Toronto-Dominion Bank said Wednesday.
B.C. households most at risk to debt shocks – The Globe and Mail
Bank of Canada holds key rate at 1%
Filed Under Main Content · Tagged: Bank Canada, Bank Of Canada, Canadian Dollar, Economists, Interest Rate Hikes, Loonie, Rate Decisions, Two Cents, United States
The Gazette- Interest rate hikes are on hold until at least the spring and maybe as long as late 2011, analysts say, as the Bank of Canada decided Tuesday to keep its policy rate unchanged amid weaker-than-anticipated growth, especially in the United States.
The Canadian dollar fell by more than two cents at one point following the decision, as the central bank signaled the country would need to rely more on net exports for growth — a sign, economists added, the loonie’s value would be a key consideration in future rate decisions…
Bank of Canada holds key rate at 1%
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…
