In Canada, inflation hit a 39-year-high of 7.7% in May — well above the 2% target rate central banks typically aim for.
“With the economy essentially at full employment, wages starting to stir meaningfully, and headline inflation poised to test 8% in this month’s consumer price index report, the Bank of Canada’s task is clear at next week’s decision,” wrote BMO chief economist Douglas Porter in a weekly report on Friday.Article content
HSBC chief economist David Watt said the Bank of Canada can bring down inflation driven by domestic factors, but when it comes to global factors such as oil prices, the bank is in a tougher spot.Article content The Bank of Canada’s most recent business outlook survey showed Canadians believe inflation will remain higher than previously expected — and for a while. Canadians expect inflation to be at 4% five years from now, the survey found.Article content
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Economists expect Bank of Canada to hike key interest rate by 0.75% on WednesdayEconomists are predicting the Bank of Canada will hike its key interest rate by three\u002Dquarters of a percentage point on Wednesday. Do a full point cowards. BOC can raise interest all day long, it won't matter a bit for taming inflation, this inflation is not caused by a hot economy, it's caused by oil price and other supply side issues. BOC is just causing more pain for low income people.
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Economists expect Bank of Canada to hike key interest rate by 0.75% on WednesdayEconomists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally. Not enough. Do more bankofcanada. What are they trying to do, kill the economic recovery? BankofCanada inflation recession
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Economists expect Bank of Canada to hike key interest rate by 0.75% on Wednesday – Terrace StandardEconomists expect Bank of Canada to hike key interest rate by 0.75% on Wednesday
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Economists predict Bank of Canada will hike key interest rate by 0.75% on WednesdayMost economists are now forecasting a rate hike of three-quarters of a percentage point, following the lead of the U.S. Federal Reserve, which hiked its key rate by that amount last month wow 0.75 So lovely… Poll: Is bankofcanada trying to cause a recession?
Source: globeandmail - 🏆 5. / 92 Read more »
Bank of Canada to hike key interest rate by 0.75%, economists sayEconomists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally. Sunny days? 10% 5 year mortgage renewals right around the corner Here is an idea let's lower the taxes and scrap the carbon tax on fuel and see what happens. Raising interests rates will have the opposite effect of what they are trying to achieve. High fuel prices is driving the cost of everything up across the board.
Source: CTVNews - 🏆 1. / 99 Read more »