Tag

Tiff Macklem

Money

The Bank of Canada decides in four hours. The market says hike — the economy says wait.

At 9:45 a.m. ET the Bank sets its policy rate and publishes new forecasts. Markets lean heavily toward a hike to 2.50%, but the case for holding at 2.25% is real — and a surprise either way moves mortgages, the loonie and December bets.

Money

The Bank of Canada is now expected to hike rates on Oct. 28 — and hike again by spring

A Reuters poll of 34 economists finds 56% now expect a quarter-point hike to 2.50% next Wednesday, with another rise by end-March, after September's 3.1% inflation reading and sharply rising expectations.

Money

The Bank of Canada could hike next week — markets just went from "maybe" to "almost certain"

Hawkish weekend comments from Governor Tiff Macklem flipped the odds of an Oct. 28 rate increase from roughly 35% to nearly 85% in days, as $110 oil collides with a 3.1% inflation print.

Money

Macklem says the Bank of Canada will lift its inflation forecast sharply — and put an Oct. 28 rate hike squarely on the table

From Bangkok on Saturday, the Bank of Canada governor warned that surging oil prices are raising the risk of broader, more persistent inflation — and asked out loud the question every mortgage holder is dreading.

Money

Macklem says the Bank of Canada hasn't raised rates yet — but stubborn energy prices are making that harder

The governor said Friday the bank has been "looking through" higher energy prices, "but the longer this goes, the harder that gets." The Oct. 28 rate decision is 12 days away, and a hike is firmly back on the table.

Money

Hold, hike or higher-for-longer? What to really expect from Bank of Canada interest rates on Oct. 28

Inflation is hot, jobs are cold, and Bay Street's economists are split. But the rate decision that matters for your wallet already happened — in the bond market.