The Bank of Canada said decisions about future interest-rate increases will be guided by incoming economic data, though it’s still ready to move aggressively if needed.
Canada's financial regulator is raising the amount of capital major banks need to have on hand over concerns of high household debt levels and other elevated systemic vulnerabilities.
The Bank of Canada may be signalling a possible end to its months-long aggressive interest-rate hike cycle, but economist David Rosenberg said next year will see the lagging impact of 2022’s monetary policy “hit home” for Canadians.
The Bank of Canada was clear in signalling that future hikes to its key policy rate will be data-dependent, according to a former economist for the Canadian central bank.
The nation’s largest lenders wasted precious little time in passing along the higher cost of borrowing to consumers in the wake of the Bank of Canada’s half-percentage point hike yesterday.
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