Bank of Canada

OTTAWA – The Bank of Canada kept its key interest rate on hold Wednesday, but warned higher interest rates are coming to help it reel in inflation from its hottest pace in three decades.The central bank lined up to kick off what is…

OTTAWA — Statistics Canada says the annual pace of inflation climbed in December to its highest rate since 1991.The agency says the consumer price index in December was up 4.8 per cent compared with a year ago.The reading compared…

The Canadian Real Estate Association says annual home sales reached a new high in 2021, eclipsing the previous record set in 2020 by about 20 per cent.The association said Monday that about 667,000 residential properties changed hands…

OTTAWA – The federal banking regulator is keeping the interest rate used in a key stress test for uninsured mortgages on hold.The Office of the Superintendent of Financial Institutions said Friday the minimum qualifying rate for…

OTTAWA – Canada's central bank has been told to keep the annual pace of price gains at its historic target, but also to help build up the labour market.Since 1991, the Bank of Canada has targeted an annual inflation rate of between one…

OTTAWA – The Bank of Canada is keeping its key interest rate target on hold at its rock-bottom level of 0.25 per cent.In a statement, the central bank also said Wednesday it doesn't expect to raise the trendsetting rate until some time…

OTTAWA – A senior official at the Bank of Canada says the number of highly indebted households appears to be back on the rise as pandemic aid from governments winds down.In a speech to a conference held by the Ontario Securities…

OTTAWA – The Bank of Canada's move to end its pandemic-driven purchases of government bonds to stimulate the economy, and warnings of rate hikes sooner than previously expected, has coloured federal efforts to craft an annual plan to…

OTTAWA – The Bank of Canada is warning inflation will stay higher for longer than it previously forecast and signalled that an interest rate hike may be coming sooner than expected.The central bank said Wednesday it now forecasts…

OTTAWA – The cost to put food on the table and gasoline in the car pushed up the cost of living in September, lifting the annual pace of price increases to a near two-decade high with no clear end in sight to the elevated readings.…