Bank of Canada – Advisor's Edge https://phoenix.advisor.ca The best news source for Canadian financial advisors. Investments, financial markets, insurance, practice management, tax and estate planning Tue, 03 Oct 2023 18:44:01 +0000 en-CA hourly 1 https://wordpress.org/?v=5.9.3 https://phoenix.advisor.ca/wp-content/uploads/sites/5/2018/05/cropped-advisor-ico-32x32.png Bank of Canada – Advisor's Edge https://phoenix.advisor.ca 32 32 Frequent price increases by businesses contributing to sticky inflation: BoC official https://phoenix.advisor.ca/news/economic/frequent-price-increases-by-businesses-contributing-to-sticky-inflation-boc-official/ Tue, 03 Oct 2023 14:55:04 +0000 https://www.advisor.ca/?p=231426 Deputy governor says the bank is rethinking its assumptions about what drives inflation

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]]> Canadian economy to get back on its feet next year: Deloitte Canada https://phoenix.advisor.ca/news/economic/canadian-economy-to-get-back-on-its-feet-next-year-deloitte-canada/ Thu, 28 Sep 2023 18:50:26 +0000 https://www.advisor.ca/?p=231255 Recovery will pick up steam in the second half of 2024, the company forecast

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]]> Labour slack grows, but wage inflation persists https://phoenix.advisor.ca/news/economic/labour-slack-grows-but-wage-inflation-persists/ Thu, 28 Sep 2023 17:38:24 +0000 https://www.advisor.ca/?p=231244 Payroll employment flat, vacancies rise, StatsCan reports

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]]> Swings in inflation not unusual, but underlying price pressures still high: BoC https://phoenix.advisor.ca/news/economic/swings-in-inflation-not-unusual-but-underlying-price-pressures-still-high-boc/ Tue, 19 Sep 2023 18:58:04 +0000 https://www.advisor.ca/?p=230917 Deputy governor weighed in on the numbers during a speech in Regina on Tuesday

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]]> Bank of Canada may need to raise rates again, despite this week’s hold: Macklem https://phoenix.advisor.ca/news/economic/bank-of-canada-may-need-to-raise-rates-again-despite-this-weeks-hold-macklem/ Thu, 07 Sep 2023 19:54:22 +0000 https://www.advisor.ca/?p=230515 In a speech on Thursday, BoC governor said reining in inflation is the best way the central bank can support the economy

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]]> NDP leader calls for Bank of Canada mandate review as key rate holds steady https://phoenix.advisor.ca/news/economic/ndp-leader-calls-for-bank-of-canada-mandate-review-as-key-rate-holds-steady/ Wed, 06 Sep 2023 19:39:19 +0000 https://www.advisor.ca/?p=230444 Ontario and British Columbia premiers also make direct appeals to the bank to not increase rates

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]]> Q&A: What today’s interest rate decision means https://phoenix.advisor.ca/news/economic/qa-what-todays-interest-rate-decision-means/ Wed, 06 Sep 2023 19:08:17 +0000 https://www.advisor.ca/?p=230439 Experts weigh in on the Bank of Canada's intentions

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]]> Bank of Canada holds key rate steady at 5%, says economy is weakening https://phoenix.advisor.ca/news/economic/bank-of-canada-holds-key-rate-steady-at-5-says-economy-is-weakening/ Wed, 06 Sep 2023 14:17:02 +0000 https://www.advisor.ca/?p=230413 Central bank says it's ready to raise interest rates further if needed

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]]> Political pressure to stop rate hikes now coming from premiers, as BoC decision nears https://phoenix.advisor.ca/news/economic/political-pressure-to-stop-rate-hikes-now-coming-from-premiers-as-boc-decision-nears/ Tue, 05 Sep 2023 19:17:09 +0000 https://www.advisor.ca/?p=230389 Most forecasters are convinced the central bank will stay on the sidelines this week

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]]> As inflation jumps to 3.3%, economists say uptick is bad news for BoC https://phoenix.advisor.ca/news/economic/as-inflation-jumps-to-3-3-economists-say-uptick-is-bad-news-for-boc/ Tue, 15 Aug 2023 17:52:23 +0000 https://www.advisor.ca/?p=229717 Core measures of inflation eased slightly last month

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