Paul Volcker wanted to tame inflation and the Bank of Canada followed suit. The prime rate, which had fallen to 12.25% in July 1980 jumped to 22.75% by August 1981. A five-year fixed rate mortgage ...

“Core” C.P.I., which more closely reflects underlying inflation by removing volatile food and energy prices, also showed ...

Changes in domestic interest rates affect the value of the Canadian dollar less than changes in the risk premium do. These ...

inflation will be higher,” he said during a press conference in Ottawa. “We are going to be assessing the relative weight of those two.” In a departure from previous Bank of Canada meetings, Macklem ...

The first central bank meetings of 2025 suggest it will be a year in which policymakers go their own way as economic paths ...

President Trump’s tariffs on Canada, China and Mexico could upend U.S. trade. These nine charts show what’s at stake, what ...