Prime Rate

Inflation holds at 3.1% in November as progress in tamping down price growth stalls. Inflation up slightly in Saskatchewan

Inflation holds at 3.1% in November as progress in tamping down price growth stalls. Inflation up slightly in Saskatchewan

Dec 19, 2023 | 10:14am
Canada’s annual inflation rate was unchanged last month, holding steady at 3.1 per cent as progress on tamping down price growth stalled. The November consumer price index report released Tuesday from Statistics Canada shows higher prices for recreation and clothing put upward pressure on inflation. Provincially, the rate of inflation in Saskatchewan climbed to 2.3 per cent from […]
Bank of Canada holds key interest rate at 5%, keeps door open to more rate hikes

Bank of Canada holds key interest rate at 5%, keeps door open to more rate hikes

Oct 25, 2023 | 8:26am
The Bank of Canada held its key interest rate steady at five per cent, but hasn’t ruled out future rate hikes as price pressures remain high.   “With clearer signs that monetary policy is moderating spending and relieving price pressures, governing council decided to hold the policy rate at five per cent,” the Bank of Canada said in a news release on Wednesday.  […]