Keyword: Bank of Canada

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Man and woman sitting in cafeteria discussing finance for the month. Stressed couple looking at bills sitting in restaurant wearing uniform apron. Cafe staff sitting together looking at expenses and bills. (Man and woman sitting in cafeteria discussi

The proportion of consumers surveyed who think a recession is likely was 50%, down from 58% in the previous quarter

Direction of stock market.opportunity time.buy and sell.change for chance.positive thinking

Most forecasters expect the Bank of Canada to raise interest rates again in July

Stronger growth, tight labour market, and rise in inflation clinched the decision to raise key interest rate

Stacking interest rate blocks

Key interest rate now sits at 4.75%, highest it's been since 2001

Rising interest rates concent

Canadian economy still growing despite interest rates that are at their highest levels since 2007

rock climbing risk

Transition to higher interest rates creates risk, the central bank governor said

Rhys Mendes will become Bank of Canada deputy governor in July while Biden has made two Federal Reserve nominations

Bank of Canada facade

Central bank is prepared to raise interest rates further if required

Bank of Canada facade

Held off on a hike, but a cut in policy rate later this year ‘doesn't look like the most likely scenario’

change direction

There were a mix of changes and an update from RBC Wealth Management Canada on its offer to Gluskin Sheff advisors