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 ...

However, rates started increasing dramatically starting in March 2022 because the Bank of Canada was trying to keep inflation from rising too quickly and prevent the economy from overheating.

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 ...

Below are some key quotes from a news conference by Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn ...

Chinese inflation data ... to begin cutting rates later this month.... Dollar rebounds ahead of NFP data. BoE cuts rates by 25bps, ultra-hawk votes for double cut. Canada’s jobs data to shake ...

The Bank of Canada said Wednesday that it is lowering its key interest rate by 25 basis points (bps) to three per cent.

The tariffs, if sustained, could cause inflation to significantly worsen, threatening the trust that many voters placed in ...

Investing.com -- Wall Street is seen trading in a calm manner Monday ahead of the release of the widely-anticipated monthly US consumer inflation number ... to begin cutting rates later this month.