The Bank of Canada (BoC) hits hard by raising the benchmark rate by another 0.50%. Your mortgage, line of credit, and other loan payments will increase. • Read also: 7th consecutive increase in the key rate • Read also: What to do if you need to renew your mortgage • Read also: Mortgages: thousands of …
This is how the new rate hike affects your portfolio Read More »
The US central bank, the Fed, still hopes to be able to curb inflation without triggering a recession. It should carry out a fourth strong hike in its reference rates on Wednesday, but finding the right balance will be a high-flying exercise. • Read also: Wall Street closes lower, disappointed by results and poor indicators …
Towards a sharp fourth hike in Fed interest rates this week Read More »
The US central bank (Fed) raised its reference rates by three-quarters of a point on Wednesday, the largest rise since 1994, and its president assured that the institution remains “determined” to fight galloping inflation. • Read also: Another rate hike in the offing at the Fed, perhaps even the biggest since 1994 This increase “is …
The Canadian economy held firm in March, ending the quarter with 3.1% annualized growth, arguing for a third key rate hike on Wednesday. “GDP growth of 3.1% is respectable, especially since the first month of the year was weighed down by health measures,” commented the National Bank economists after the publication of the most recent …
Bank of Canada | Another “strong” rate hike in sight Read More »
