Reading Time: 2 minutes The Bank of Canada on Wednesday kept its key policy rate on hold as widely expected but Governor Tiff Macklem said the central bank was ready to raise rates to prevent higher energy prices becoming persistent inflation.
Bank of Canada holds rates, says it would hike them to prevent persistent inflation
Canada’s annual inflation rate eases to 1.8 per cent in February ahead of expected energy shock
Reading Time: 2 minutes Canada’s annual inflation rate fell to 1.8 per cent in February, after prices in the same period a year ago had risen sharply when the government’s sales tax relief ended, Statistics Canada said on Monday.
Canada’s trade deficit widened in January, missing consensus estimates
Reading Time: 2 minutes Canada’s trade deficit in January surprisingly widened as exports fell more than imports, led by a meaningful drop in shipments of motor vehicles and parts, data showed on Thursday.
Canada’s global trade gap narrows; U.S.-bound exports hit new low
Reading Time: 2 minutes Canada’s trade deficit narrowed in December even as its share of exports to the United States dropped to the lowest level on record, barring two months during the peak of the COVID-19 pandemic, data showed on Thursday.
Canadian annual inflation rate edges down in January as gasoline costs drop
Reading Time: 2 minutes Canada’s annual inflation rate in January accelerated at a slower pace than the previous month as a big drop in gasoline prices helped cushion the impact of higher food and clothing prices, Statistics Canada said on Tuesday.
Bank of Canada holds rates, says hard to predict future moves
Reading Time: 2 minutes The Bank of Canada on Wednesday held its policy rate at 2.25 per cent, as widely expected, and Governor Tiff Macklem said the high level of uncertainty made it difficult to predict when and how rates might next change.
Bank of Canada expected to keep rates on hold on Wednesday
Reading Time: 2 minutes The Bank of Canada is widely expected to keep its policy interest rate on hold at 2.25 per cent on Wednesday.
Bank of Canada holds rates, says economy is resilient
Reading Time: 2 minutes The Bank of Canada held its key policy rate steady at 2.25 per cent on Wednesday as widely expected, and Governor Tiff Macklem said the economy was proving resilient overall to the effect of U.S. trade measures.
Canada’s inflation in October eases to 2.2 per cent on lower gasoline, food prices
Reading Time: 2 minutes Canada’s annual inflation rate in October eased to 2.2 per cent as gasoline prices dropped, food prices eased and mortgage interest costs came down below the three per cent mark, data showed on Monday.
Canada to boost Indonesia exports to diversify non-U.S. trade, says minister
Reading Time: 2 minutes Canada aims to establish duty-free access for up to 95 per cent of its exports to Indonesia over the next eight to 12 months, International Trade Minister Maninder Sidhu said, after signing a trade agreement with one of Southeast Asia’s biggest markets and a major importer of Canadian wheat.