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Economy Source: Financialpost June 09, 2023

Theo Argitis: Rate hike shows Bank of Canada fighting to stay ahead of the curve on inflation

Central bank's rate increase breathes new life into most aggressive hiking cycle in recent memory In a span of a couple of months, talk about Canada’s economy has gone from recession worries and interest rate cuts to things being too hot to han...

FP Comment Source: Financialpost June 09, 2023

Opinion: There's a way to break inflation without breaking the economy

Productivity growth is key to breaking the momentum By Ted Carmichael THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by Kevin Carmichael, Victoria...

News Source: Financialpost June 09, 2023

Posthaste: Banks revisit recession calls after strong economy prompts rate hike

'Risk of a recession is clearly lower than we thought at the start of this year' We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: B...

Economy Source: Financialpost June 09, 2023

David Rosenberg: Rate hike is nail in the coffin that will bury Canada's debt-heavy economy

The Bank of Canada did exercise patience, but not enough The Bank of Canada pulled an RBA and hiked rates on June 7 with the market mostly (call it 60-40) priced for no move and more than 80 per cent of Bay Street economists believing the centr...

Source: BNN Bloomberg June 08, 2023

U.S. tech stocks sputter as traders consider July hike

A drop in tech shares drove U.S. stocks lower, while Treasuries retreated after a surprise Bank of Canada rate increase fueled bets the Federal Reserve is not done with its own tightening. The Nasdaq 100 fell 1.8 per cent, with the likes of Alphabet Inc. a...

Source: BNN Bloomberg June 08, 2023

TSX recap: Index finishes lower amid interest rate hike

Canada's main stock index moved lower Wednesday as the market digested an interest rate hike by the Bank of Canada, while U.S. markets were mixed.  The S&P/TSX Composite Index was down 71.91 points, or 0.36 per cent, at 19,983.69. In New York, the Dow J...

Source: Bankofcanada June 08, 2023

Adjusting to higher interest rates

Speaking a day after we raised interest rates, Deputy Governor Paul Beaudry talks about what Governing Council considered in its decision. He also suggests reasons w...

Source: Financialpost June 08, 2023

'Disaster for the many Canadians barely hanging on': Politicians weigh in on Bank of Canada rate hike

Chrystia Freeland tries to reassure 'anxious' Canadians, while Pierre Poilievre goes on the attack Finance Minister Chrystia Freeland tried to reassure Canadians that the economy is still headed for calmer times after the Bank of Canada unexpec...

Source: Financialpost June 08, 2023

Bank of Canada unexpectedly hikes rate to 4.75% — and economists see room for more

The rise brings the policy rate to the highest it’s been since April 2001 Get the latest from Stephanie Hughes straight to your inbox Sign Up The Bank of Canada surprised markets by ending its pause and hiking its key interest rate a...

Source: Financialpost June 08, 2023

The Bank of Canada just 'stomped' on the housing market rebound

Higher rates could put downward pressure on prices and send some would-be buyers back to the sidelines, experts say Just as Canada’s housing market was starting to rebound, the Bank of Canada has dealt it another blow. THIS CONTENT IS R...