The Bank of Canada hiked its trendsetting interest rate by three-quarters of a percentage point on Wednesday, the latest move by the central bank in its mission to rein in runaway inflation.

The Bank of Canada's move follows a 75 basis point rate hike by the U.S. Federal Reserve last month. "The Bank of Canada saw the Fed hike 75 bps and said 'Hold my beer,'" said Royce Mendes ...

The next Bank of Canada interest rate update is this week, the first since Prime Minister Mark Carney won the snap election ...

The move surprised economic analysts, who expected the rate hike pause to continue. It also signaled a continued willingness by Canada's central bank to chart a different course than the Federal ...

Core inflation is forecast to jump to a rate of 3.1 per cent in Canada in 2025, breaching the top end of the Bank of Canada’s target range. The OECD’s report also warns that one of the many ...

It’s been two years since the Bank of Canada started the most aggressive interest rate hike campaign in its history in a bid to tame rampant inflation, and the Canadian economy looks vastly ...

BENGALURU, June 2 (Reuters) - The Bank of Canada will keep its key interest ... who however said the risk of at least one more rate hike was high. With inflation still running at more than twice ...

However, the threat of U.S. tariffs has caused significant uncertainty on the timing and depth of future rate cuts. What is the Bank of Canada rate right now? As of June 4, 2025, the Bank of ...

We think this week’s decision is a coin toss. Market pricing at the time of writing is 6bp, which appears too conservative in ...

A hike would raise borrowing costs ... It also means if the prime rate increases — due to a Bank of Canada rate increase — the borrower will be charged more in interest payments.

January’s inflation rate was 1.9 per cent. Core inflation is forecast to jump to a rate of 3.1 per cent in Canada in 2025, breaching the top end of the Bank of Canada’s target range. The OECD’s report ...