Found 2 blog entries tagged as inflation.

Navigating the Economic Waters: How the Bank of Canada's Latest Decision Affects You

As we welcome the brisk breezes of early March, it's crucial to stay informed about the economic climate and its implications on our daily lives. The recent announcement from the Bank of Canada has caught the attention of many, particularly those with an eye on real estate and personal finance. On March 6, 2024, the Bank decided to maintain its policy rate at 5%, with a continuation of its quantitative tightening policy. This decision, set against a backdrop of global economic fluctuations and domestic growth, holds significant implications for homeowners, buyers, and investors alike.

 

Despite a global slowdown in economic growth towards the end of last year,…

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Bank of Canada maintains policy rate, continues quantitative tightening


The Bank of Canada today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening.

Inflation in many countries is easing in the face of lower energy prices, normalizing global supply chains, and tighter monetary policy. At the same time, labour markets remain tight and measures of core inflation in many advanced economies suggest persistent price pressures, especially for services.

Global economic growth has been stronger than anticipated. Growth in the United States and Europe has surprised on the upside, but is expected to weaken as tighter monetary policy…

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