Trends - Bank of Canada - Business Recorder

Markets

Bank of Canada set for another supersized hike even as outlook darkens

OTTAWA: The Bank of Canada is widely expected to raise rates by another three-quarters of a percentage point to a...

Published 26 Oct, 2022 12:02pm

World

Canada's Trudeau announces C$4.5bn inflation relief package for low earners

OTTAWA: Canadian Prime Minister Justin Trudeau announced C$4.5 billion ($3.43 billion) in measures on Tuesday...

Published 13 Sep, 2022 11:32pm

Markets

Oil dives more than $4 on strong dollar, recession fears

NEW YORK: Oil prices tumbled more than $4 on Wednesday, slumping below levels seen prior to Russia’s invasion of...

Published 08 Sep, 2022 05:43am

Business & Finance

Canadian dollar weakens 0.1pc

TORONTO: The Canadian dollar edged lower against its US counterpart on Friday but notched its second straight weekly...

Published 01 Aug, 2022 05:54am

Business & Finance

Bank of Canada chief sees inflation ‘a little over’ 8% as soon as next week

OTTAWA: The Bank of Canada expects inflation to go “a little over” 8%, as soon as next week when June’s data is...

Published 16 Jul, 2022 06:20pm

World

US annual consumer inflation posts largest increase since 1981

WASHINGTON: U.S. annual consumer prices jumped 9.1% in June, the largest increase in more than four decades, leaving...

Published 13 Jul, 2022 10:53pm

Markets

Bank of Canada surprises with 100-bp rate hike as price risks gather steam

OTTAWA: The Bank of Canada on Wednesday surprised markets with a full-percentage-point rate hike, a super-sized...

Published 13 Jul, 2022 07:48pm

Business & Finance

Canadian dollar weakens 0.3pc

TORONTO: The Canadian dollar weakened against its US counterpart on Wednesday as a sharp drop in oil prices worked...

Published 23 Jun, 2022 06:05am

Business & Finance

Canadian dollar gains

TORONTO: The Canadian dollar strengthened against its US counterpart on Tuesday, extending its recovery from a...

Published 22 Jun, 2022 05:58am

Business & Finance

Canadian dollar weakens 0.7pc

TORONTO: The Canadian dollar fell against its broadly stronger US counterpart on Friday as investors weighed ...

Published 11 Jun, 2022 06:08am

World

Canada jobless rate hits record low, bolstering case for 75-bps rate hike

OTTAWA: Canada’s jobless rate inched down to a new record low after adding more jobs than expected in May, official...

Published 10 Jun, 2022 07:26pm

Business & Finance

Canadian dollar weakens 0.2pc

TORONTO: The Canadian dollar weakened against its US counterpart on Thursday, extending its pullback from a...

Published 10 Jun, 2022 06:16am

Business & Finance

Canadian dollar weakens

TORONTO: The Canadian dollar weakened against its US counterpart on Tuesday, pulling back from its highest in nearly...

Published 08 Jun, 2022 06:19am

Business & Finance

Canadian dollar gains

TORONTO: The Canadian dollar strengthened against its US counterpart on Thursday as oil prices rose and investors...

Published 03 Jun, 2022 05:56am

Markets

Bank of Canada says rates may have to double to 3%, or go even higher

OTTAWA: The Bank of Canada will probably have to raise its policy rate to the top of its neutral range, double its...

Published 02 Jun, 2022 10:03pm

Business & Finance

Dollar advances vs euro as upbeat US data lends support

NEW YORK: The US dollar rose against the euro on Wednesday, helped by upbeat US economic data, and as the common...

Published 02 Jun, 2022 06:19am

World

Canada’s economy gains momentum in Q2, rate hikes loom

OTTAWA: Canada’s economy was not as robust as expected in the first quarter, but had momentum heading into the...

Published 31 May, 2022 09:38pm

Markets

TSX breaks 7-day winning streak on growth worries

Canada’s main stock index looked to break a seven-day winning streak on Tuesday, as prospects of aggressive monetary...

Published 31 May, 2022 08:40pm

Business & Finance

Canadian dollar hits 6-day low

TORONTO: The Canadian dollar weakened to its lowest level in nearly one week against its US counterpart on Wednesday...

Published 26 May, 2022 05:26am

Business & Finance

Robust economic growth helps Canadian dollar trim April decline

TORONTO: The Canadian dollar strengthened against its US counterpart on Friday as domestic data showing strong...

Published 01 May, 2022 05:11am

Business & Finance

Canadian dollar hits 7-week low

TORONTO: The Canadian dollar weakened to its lowest level in more than seven weeks against its US counterpart on...

Published 29 Apr, 2022 05:43am

World

Canadian inflation surges to 31-year-high of 6.7% in March

OTTAWA: Canada's annual inflation rate accelerated in March to 6.7%, a full percentage point higher than in February...

Updated 20 Apr, 2022 06:43pm

Business & Finance

Canadian dollar pulls back from 8-day high

TORONTO: The Canadian dollar edged lower against its US counterpart on Thursday, pulling back from its strongest...

Published 15 Apr, 2022 05:29am

Markets

Bank of Canada hikes rates to 1%, promises more increases as inflation soars

OTTAWA: The Bank of Canada on Wednesday raised interest rates by half a percentage point - its biggest single move...

Published 13 Apr, 2022 07:29pm

Markets

TSX rises

TORONTO: Canada’s main stock index rose on Tuesday as surging gold and crude prices boosted materials and energy...

Published 13 Apr, 2022 06:03am

Business & Finance

Canadian dollar hits 10-day low

TORONTO: The Canadian dollar edged lower against its US counterpart on Thursday as investors digested hawkish ...

Published 08 Apr, 2022 05:28am

Business & Finance

Investors expect Bank of Canada shift to half-percentage-point rate hikes

TORONTO: As Canada’s inflation outlook worsens, investors are betting the country’s central bank will begin...

Updated 30 Mar, 2022 07:31am

Business & Finance

Canadian dollar gains for 9th day on favorable yield spreads

TORONTO: The Canadian dollar strengthened to its highest level in more than two months against the greenback on...

Published 28 Mar, 2022 05:29am

Markets

ICE canola modestly higher

CHICAGO: ICE canola futures closed firmer on Friday in largely technical trade, brokers said, with the benchmark...

Updated 13 Mar, 2022 07:02am

Markets

Toronto index down

TORONTO: Canada’s main stock index dropped on Monday as tougher sanctions from the West imposed on Russia over the...

Published 01 Mar, 2022 05:34am