Reading Time: 2 minutes Farm Credit Canada has raised its 2026 forecast for overall inflation as commodity prices spike due to war in the Middle East.
Tag Archives interest rates
FCC raises inflation forecast on surging commodity prices
Canadian consumers may have little if any cushion remaining against future economic shocks, ag lender warns
Bank of Canada holds rates, says it would hike them to prevent persistent inflation
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 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.
Canadian economy going ‘under the speed limit,’ says FCC analyst
Reading Time: 2 minutes Farm Credit Canada outlined less than impressive numbers for Canada’s economy Sept. 18, and that will spill over into agriculture.
Bank of Canada holds rates steady and says global trade war risk has eased
Reading Time: 2 minutes The Bank of Canada held its key policy rate at 2.75 per cent for the third time in a row on Wednesday, as expected, and said the risk of a severe and escalating global trade war had diminished.
Bank of Canada holds rates, says tariffs could cause deep recession
Reading Time: 3 minutes The Bank of Canada on Wednesday held its key policy rate at 2.75 per cent, its first pause after seven consecutive cuts, and said that the uncertainty around U.S. tariffs made it impossible to issue regular economic forecasts.
Canada’s jobless rate jumps to 6.8 per cent; bets up for 50 bps rate cut next week
Reading Time: 2 minutes Canada's unemployment rate rose more than expected to 6.8 per cent in November, a near-eight-year high excluding the pandemic years, even as the economy added a net 50,500 jobs, data showed on Friday, boosting chances of a large interest rate cut next week.