11 articles
The Bank of Canada warns of rate hikes driven by high gasoline prices and oil supply risks. Officials also cited tariffs on aluminum and steel as factors affecting inflation and business confidence in
Canada's inflation rate slowed to 2.8% in June as gasoline prices eased and core inflation dropped below 2%. The Bank of Canada held interest rates steady, citing economic slack offsetting energy pric
The Bank of Canada maintained interest rates at 2.25%, citing improved growth and fading inflation linked to energy prices, with forecasts predicting Brent crude to reach $70 per barrel by 2027.
The Bank of Canada is expected to maintain borrowing costs at 2.25% as policymakers weigh inflation risks from rising oil prices against economic weakness following the Strait of Hormuz blockade.
Bank of Canada survey data indicates Middle East tensions have raised inflation expectations and spurred Canadian oil producers to increase investment and production. Rising energy prices and geopolit
The Bank of Canada maintained its key interest rate at 2.25%, citing limited evidence that rising energy prices are fueling broad-based inflation. The central bank noted geopolitical tensions impactin
The Canadian dollar fell for a sixth consecutive day against the U.S. dollar as the Bank of Canada held interest rates steady at 2.25%. Oil prices dipped slightly, influencing inflation outlook discus
The Bank of Canada held rates at 2.25% amid geopolitical oil risks and trade uncertainties. Officials indicated that sustained high oil prices could drive rate hikes, directly impacting capital expend
Canada's economy grew 1.7% annualized in Q1, driven by manufacturing and mining sectors including oil and gas extraction. Despite rising oil prices impacting inflation, the Bank of Canada maintained i
Bank of Canada Governor Tiff Macklem warned of potential rate hikes if high oil prices drive inflation, amid a spike caused by US threats against Iran. Canadian bonds tumbled as markets reacted to the
The Bank of Canada maintained its policy rate at 2.25%, warning that sustained high energy prices could necessitate future rate hikes to control inflation.
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