Tag: Canada inflation
Canadian Economy Expected to Contract in June Following Previous Rise
Canada's economy is expected to contract by 0.2%, Statistics Canada claimed on Friday. This comes after Statscan revealed that Canada's Gross Domestic Product (GDP) rose by 0.3% in May.
This figure fell in line with analysts' previous estimates of a 0.3% rise in May. For...
Bank of Canada Expected to Hike Rates in July
The Bank of Canada is expected to implement a second consecutive interest rate hike in July after data showed strong economic growth, a tight labor market, and resilient inflation.
In June the bank raised its rate by a quarter percentage point, reaching a 22-year high...
Bank of Canada Just Hiked Interest Rates By a Full Percentage Point
If you thought the Federal Reserve's recent interest rate hike of 0.75 percentage points was too aggressive, you might want to think again. Bank of Canada just took things to another level by increasing interest rates by a full percentage point.
The interest rates hike...