Canada sees annual inflation rate hike of 2.9 pct in May due to higher services prices, groceries
Jun 27, 2024, at 04:39 am
Ottawa/IBNS: Owing to higher prices of groceries, services including tours and air travel, Canada’s annual inflation rate rose to 2.9 percent in May, Statistics Canada reported on Tuesday.
Canada experiences lowest inflation rate at 3.4 percent since June 2021
Jun 29, 2023, at 03:41 am
Toronto/IBNS: The deceleration of Canada's inflation rate to 3.4 percent this year till May was largely due to sharply lower gasoline prices by more than 18 percent compared to the record highs this time last year, Statistics Canada said Tuesday,
Bank of Canada raises key interest rate to 1 percent
Apr 14, 2022, at 06:34 pm
Ottawa/IBNS: The Bank of Canada on Wednesday raised its key interest rate by half a percentage point to 1 percent, the highest zoom in more than 20 years, media reports said.
Canada's inflation rate rises to 3.6 per cent, highest level in decade: Statistics Canada
Jun 17, 2021, at 05:29 am
Ottawa/IBNS: Canada's inflation rate rose to 3.6 percent in May, the fastest pace in a decade, Statistics Canada said.
Economists make predictions of a stronger Canadian dollar
Jul 12, 2019, at 08:12 pm
Ottawa, July 12 (Canadian-Media): A stronger Canadian dollar is predicted as the Bank of Canada is on hold and the U.S. Federal Reserve is set to cut interest rates, media reports said.
Bank of Canada keeps interest rate unchanged
Mar 07, 2019, at 05:21 pm
Ottawa, Mar 7 (Xinhua) Canada's central bank on Wednesday kept its benchmark interest rate unchanged at 1.75 per cent and pointed to "increased uncertainty" about the timing of future rate hikes.
Bank of Canada keeps overnight rate target unchanged
Dec 05, 2018, at 09:33 pm
Ottawa, Dec 5 (IBNS): The Bank of Canada has kept the overnight rate target unchanged at 1.75 per cent, media reports said.
Bank of Canada raises interest rate; first time since July
Oct 24, 2018, at 10:14 pm
Ottawa, Oct 24 (IBNS): The Bank of Canada has raised the interest rate on Wednesday, for the first time since July, media reports said.
Canada inflation rate inches up to 2.3%
Apr 21, 2018, at 05:38 am
Ottawa, Apr 20 (IBNS): Canada's inflation rate at 2.3 per cent in the year ending in March is highest since 2014, in part because of higher gasoline prices, media reports said.
Bank of Canada to announce interest rate today
Apr 18, 2018, at 09:37 pm
Ottawa, Apr 18 (IBNS): The Bank of Canada will announce the interest rate on Wednesday, media reports said.
Bank of Canada keeps overnight rate target unchanged at 1%
Dec 07, 2017, at 03:47 am
Ottawa, Dec 6 (IBNS): After two consecutive hikes in the present fiscal year, the Bank of Canada has decided to keep the overnight rate target unchanged, media reports said.
Bank of Canada raises benchmark interest rate to one percent
Sep 08, 2017, at 07:02 am
Ottawa, Sep 7 (IBNS): Bank of Canada on Wednesday increased the benchmark interest rate by 0.25% to 1% making the second consecutive hike in the present year, media reports said.
Hike in key interest rate will cost of mortgage and loans more: Bank of Canada
Jul 14, 2017, at 06:26 am
Ottawa, July 14 (IBNS): The Bank of Canada said that its overnight move to raise its key interest rate from 0.5 percent to 0.75 percent, its first increase in nearly seven years, would result in increased costs of mortgages, home equity lines of credit and loans linked to the big bank prime rates.
Bank of Canada unveils new $10 banknote to celebrate Canada's 150th anniversary
Apr 11, 2017, at 03:55 am
Toronto, Apr 10 (IBNS): The $10 commemorative banknote for Canada's 150 celebrations was unveiled recently at the Bank of Canada in Ottawa, media reports said.
Service sector crucial for Canadian economy, Bank of Canada says
Nov 30, 2016, at 12:46 am
Toronto, Nov 29 (IBNS): Stephen Poloz, governor of Bank of Canada said at the C.D. Howe Institute Monday that in the event of recovery of the Canadian economy since the global financial crisis in 2008-09 due to recent downturn in oil and other commodity prices, the service sector had continued to expand gradually, CP24 reported.