According to a top economist with RBC Economics, moderating energy prices and lower than expected core inflation is likely to result in a gradual approach to interest rates hikes from Canada’s central bank. Statistics Canada has reported that Canada’s inflation rate fell to 1% in the 12 months to June, compared to the 1.4% reported

We tend to find our self asking questions concerning how borrowers would hold up when interest rates began to rise. After seeing the Bank of Canada raise its trend setting overnight rate for the second time in the past two months, an answer is now coming forth. In virtually all forms of borrowing, we have

To confirm that consumers are likely to face step by step increases in borrowing costs in the coming months, the Bank of Canada raised its trendsetting interest rate despite the outspoken worries about the economic picture. This recent increase is the second one since June 1st; the Bank Governor Mark Carney increased the overnight rate

The Bank of Canada has raised its trendsetting interest rate one quarter of a point from 0.50% to 0.75%. This is the second time in as many months that the central bank has raised rates in response to the economy’s recovery from last year’s recession. This move from the Bank of Canada will likely have

According to Canadian primary dealers and global forecasters surveyed by Reuters, the Bank of Canada will raise its key overnight interest rate next week, however the pace of subsequent hikes is less clear. The Reuters poll showed a 73% median probability that the Bank of Canada would be raising its overnight rate by 25 basis

Real Gross Domestic Product (GDP) has remained unchanged in April after seeing seven straight monthly increases. Statistics Canada has reported a large decline in retail trade and smaller declines in both manufacturing and utilities, while being offsetting by increases in mining, wholesale trade, the public sector and construction. The finance and insurance sector has remained

Last month, Canada’s annual inflation rate fell sharply reaching 1.4% as year to year increases in gas prices began to moderate. There were several surprises in Statistics Canada’s inflation report, and few aspects worry the Bank of Canada as it prepares to make a decision on interest rates next month. The central banks core index,