Will inflation tame Bank of Canada?

Bank of Canada raises key interest rate, but inflation could prove ‘difficult to tame’ The Bank of Canada announced a widely-expected 25 basis point rate hike, bringing its bench mark lending rate to half a per cent.

Is Canada facing a cost-of-living crisis?

We’re in the midst of a cost-of-living crisis—with sky-high grocery prices and mortgage rates that would have been inconceivable 18 months ago. To fight inflation, the Bank of Canada (BoC) has increased the policy interest rate by a total of 475 basis points (4.75%) since March 2022 (a basis point is equal to one hundredth of a percentage point).

Will the bank of Canada raise its overnight rate?

Scotiabank Economics said in a note to investors Wednesday that it expects the Bank of Canada to raise its key overnight rate by 25 basis points to 0.5 per cent at its next meeting Jan 26.

Will interest rates climb back down in Canada?

Interest rate predictions are notoriously tricky, because global events—which are always unpredictable—also affect Canada. But generally speaking, inflation and interest rates are cyclical. So, at some point, we should see rates climb back down.