borrowing

The Bank of Canada delivered another interest rate cut today, reducing its policy rate by a quarter-percentage point to three per cent. It’s the central bank’s sixth straight cut since June, with inflation sitting around two per cent. It says the cuts are having an impact, with lower interest rates boosting household spending and the […]

Opposition New Democrats have released another pre-election commitment Monday by promising to suspend the gas tax for six months. Outside a Petro-Canada gas station next to Albert Street in north Regina, NDP leader Carla Beck said an NDP government would suspend the 15 cent a litre gas tax at midnight on day one when they […]

The Bank of Canada cut its key interest rate for the first time in more than four years today, marking a major turning point in its fight against inflation. Governor Tiff Macklem says the Bank of Canada has more confidence inflation is moving closer to its two per cent target, citing various indicators that suggest […]

The Bank of Canada raised interest rates again on Wednesday and released new projections that suggest it will take longer to get inflation back to two per cent. The central bank hiked its key interest rate by a quarter of a percentage point, bringing it to five per cent. Forecasters were widely anticipating the central […]

The Bank of Canada is raising its key interest rate by a quarter of a percentage point and says it expects this to be the last rate hike of the cycle. Today’s interest rate increase marks the eighth consecutive rate hike since March as the central bank fights off decades-high inflation. Its key interest rate […]

The Bank of Canada hiked its key interest rate yet again on Wednesday morning, bringing it to 3.75 per cent and continuing one of the fastest monetary policy tightening cycles in its history amid warning signs of a potential recession. Here’s how we got here: Oct. 24, 2018: The Bank of Canada’s key interest rate […]

The Bank of Canada is raising its key interest rate by three-quarters of a percentage point today. The rate hike matches up with what many economists were expecting, bringing the bank’s key rate to 3.25 per cent. In the rate announcement, the Bank of Canada says global inflation remains high while the Canadian economy continues […]