David Dodge, governor of the Bank of Canada, indicated in a speech today that the central bank’s economic outlook remains little changed.Speaking to the Chambre de commerce du Montréal métropolitain and the Fédération des chambres de commerce du Québec in Montréal today, Dodge said that since the Bank’s last rate setting a number of Canadian […]
Economy has adjusted remarkably well to appreciation of the Canadian dollar
Strong foreign demand for Canadian goods and U.S. dollar weakness at the heart of the sharp appreciation
Core and headline inflation are evolving in line with expectations
Overnight rate climbs 25 bps to 4.25%
Most economists are leaning toward another 25 basis point hike when the Bank of Canada announces its decision on interest rates this week.HSBC Securities (Canada) Inc. says that the balance of opinion in the Canadian market is looking for the Bank to hike rates at this meeting by 25 bps. However, it says, “The financial […]
Regulators can increase efficiency, Canadian economy will flourish further with this measure
Firm expects another 25-bps rise before an extended break
Growth, inflation expected to remain steady through 2008
The Bank of Canada increased interest rates for a sixth consecutive time today, boosting the key overnight rate by a quarter of a percentage point to 4%.The hike had been widely expected by economists.In its statement, the bank said “The global economy has been growing at a robust pace, exhibiting a little more momentum than […]