Bank of Canada

Economic Indicators

Economists expect rise in inflation as price growth fight enters new phase

An increase in July's report probably wouldn't be a complete surprise to the Bank of Canada

By Nojoud Al Mallees, The Canadian Press |August 14, 2023

3 min read

Economic Indicators

BoC mindful of not overdoing rate hikes, summary of deliberations reveals

The bank decided that the cost of waiting too long to raise rates outweighed the benefits

By Nojoud Al Mallees, The Canadian Press |July 26, 2023

2 min read

Economic Indicators

This is why the BoC hasn’t backed off rate hikes

June's decline in inflation was praised by governor Tiff Macklem, but he's also warned the central bank is ready to raise interest rates further. Why?

By Nojoud Al Mallees, The Canadian Press |July 24, 2023

4 min read

Economic Indicators

Canada’s inflation rate tumbles to 2.8% in June

But Canadians continue to pay substantially higher prices for groceries

By Nojoud Al Mallees, The Canadian Press |July 18, 2023

3 min read

Economists expect rise in inflation as price growth fight enters new phase

BoC mindful of not overdoing rate hikes, summary of deliberations reveals

This is why the BoC hasn’t backed off rate hikes

Canada’s inflation rate tumbles to 2.8% in June

BoC raises key interest rate, expects slower return to inflation target

BoC expected to raise rates again this week, vying to quash inflation faster

Fewer consumers think a recession is likely, finds BoC

Most forecasters expect BoC to raise interest rates again in July

BoC debated waiting until July to hike rates, but says data prompted it to act sooner

Bank of Canada raises key interest rate amid stubbornly high inflation