For a second time in two months the Bank of Canada held fire we maintained our policy interest rate at 5% after 10 rate hikes since last year Governor Tiff mckam says it’s time to wait and watch monetary policy is working to cool the economy and relieve
Price pressures and we wanted to give it time to do its job we cannot let High inflation become entrenched in the economy if inflationary pressure persist we are prepared to raise our policy rate further to restore price stability the Central Bank expects inflation to average around 3 and a half% until the
Middle of next year and ultimately return to the 2% Target in 2025 a pessimistic forecast according to this economist we think it’s a little bit on the aggressive side in terms of the upward revisions we think that uh the Bank of Canada should be able to bring inflation back down to roughly its
% Target by the end of 2024 the Bank of Canada also revised its outlook for growth down forecasting 1.2% real GDP growth this year instead of 1.8% predicted in July growth next year will be weaker still the bank said dipping below 1% before rebounding to 2 and a half% in
2025 Governor Tiff mlam said he is not forecasting a recession but some economists are for us we’re expecting a 0.5 % contraction which will actually put the economy in sort of a a technical recession so to speak we think that um a recession in Canada is going to be uh
Short and shallow this won’t be your mother or your grandmother’s recession this is going to be uh something that’s really engineered by the Bank of Canada through higher interest rates to help bring the Canadian economy back down to balance n ganguli Global News Toronto
The Bank of Canada’s recent decision to hold interest rates steady has set the stage for an intriguing future for the country’s economy.
With Governor Tiff Macklem hinting at a potential increase in the future, the financial world is left wondering what the next steps for the central bank will be.
With ten rate hikes and a cautious central bank, all eyes are on the next move for those invested in Canada’s economy.
Global’s Nivrita Ganguly has the latest.
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I miss your videos, please post them more often!?
Just a repease until they break the back of people who's mortgages are or going to unaffordable
Starving Canadians who can't afford housing feel so much better now. Thank you Liberals and the B.O.C.
Thanks for continues updates?I'd rather trade the Crypto market as its more profitable. I make an average of $34,020 per week even though I barely trade myself
Hike the interest rate at a faster pace, please. Thx.
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So it will allow inflation to bankrupt Canadians rater than mortgage rates. Brilliant logic. Wait until December 6 rolls around. FJT created it all for his masters.
Hope the war is not happened in Middle East.
Marie-Josée Houle, Canada's federal housing advocate, explained the tent city drug trade is part of its local economy. In her report, she emphasized the need to 'treat encampment residents with dignity and respect. The TRUDEAU government is looking to allow open drug dealing by drug dealers in homeless encampments.
He buckeld under politicla pressure, should have increased the rate by at least another .25
I remember when Tiff Mac said interest rates aren't going to go up for a really long time! That was a year and half ago ?