Daily News

Kevin Carmichael: The latest CPI numbers will stoke speculation that the Bank will play catch-up and raise its rate by half a point in April Inflation in February accelerated from a rate that was already way too fast, adding to the pressure on Bank...

Kevin Carmichael: The case for higher interest rates was strong before these jobs numbers. It is even stronger now Canada’s economy had a February for the ages. Employers created 337,000 jobs in February, recouping the 200,000 positions that...

Groups known to have experienced more isolation or work inflexibility during the pandemic were more likely to respond positively about the demonstrators Canadians have little sympathy for the erstwhile protesters who occupied downtown Ottawa for we...

Governor Tiff Macklem talks about the Bank of Canada’s decision yesterday to raise its policy interest rate. He explains that after two years of extraordinary stimul...

Introduction Good afternoon. Thank you for inviting me here as part of your study on inflation in Canada. I’m pleased to have Senior Deputy Governor Ca...

Kevin Carmichael: Comments suggest it's reasonable to expect quarter-point increases, rather than half-point adjustments Bank of Canada governor Tiff Macklem said the war in Europe has “injected new uncertainty,” but not enough to veer off a path t...

The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The Bank is continuing its reinvestment phase, keeping its overall h...

Kevin Carmichael: Economy grew at an annual rate of 6.7 per cent in the fourth quarter, much faster than the Bank of Canada was expecting The Canadian economy grew at an annual rate of 6.7 per cent in the fourth quarter, much faster than the Bank o...

Kevin Carmichael: Poloz's outlook would allow current policy-makers to take a gentler path back to higher interest rates Former Bank of Canada governor Stephen Poloz predicted year-over-year increases in the consumer price index will slow to a rate...

What would haven been unambiguously positive for Canada's oil-rich economy in the past may turn out to be a drag now, economists warn Surging energy prices are typically a boon for Canada. But not this time. On Thursday, oil soared above US$...