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 ...

Canada's inflation rate declined to an annualized rate of 1.8% in December amid growing signs that the economy is slowing down. The December inflation reading is below the 2% annualized target set by ...

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

The first central bank meetings of 2025 suggest it will be a year in which policymakers go their own way as economic paths diverge, as the United States holds interest rates steady, the euro zone cuts ...

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 ...