Tag Archives: interest rate

Canadian Inflation Inches up to 2.9% in March, Raises Bets of June Interest Rate Cut

Canadian Inflation Inches up to 2.9

According to Statistics Canada, the country’s inflation rate inched up to 2.9% in March, juiced by higher gasoline prices. That’s up from 2.8% in February but still close to its 2% target. The March results were also in line with what Bay Street analysts were expecting. While the consumer price index (CPI) rose slightly, measures […]

U.S. Inflation Unexpectedly Heats Up in December, But Rate Cuts Still Expected

U.S. Inflation

The December Consumer Price Index, or CPI, which measures U.S. inflation, rose 0.3% month over month. to 3.4%. This is up from a November reading of 3.1% and higher than the 0.2% month-over-month increase and 3.2% annual reading economist’s were expecting. Housing costs were responsible for more than half of the increase in prices followed […]

TSX Falls After Canada’s Inflation Jumps to 4.0% In August

Canada’s Inflation Rate Jumps

Canada’s inflation rate unexpectedly jumped in August for the second month in a row. This increases the odds that the Bank of Canada could increase interest rates at least once more this year. After pausing its overnight lending rate earlier in September, investors were optimistic that it would hold interest rates at 5%. Will The […]

Interest Rates Are at the Highest Level: Are More Rate Hikes to Come?

Interest Rates Are at the Highest Level

Canada’s inflation rate peaked at 8.1% in June 2022. A year later and its at 3.4%. That’s a big drop, and getting close to the long-term average of 3.15%, but it’s not low enough for the Bank of Canada, which just announced it raised its key interest rate by 25 basis points to 5.0%. To […]

Bank of Canada Unexpectedly Raises Interest Rates While the Federal Reserve Pauses It’s Rate Hikes

Bank of Canada Raises It’s Interest Rates While Federal Reserve Hits Pause

Depending on who you talk to, stocks are either going way up or way down. Right now, the trend is on the side of the bulls. On June 15, the S&P 500 hit a fresh 52-week high of 411.95, as investors reacted to the Federal Reserve pausing its rate hike. The S&P 500 is officially […]