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Bank of Canada to raise rates 25 basis points on July 12, possibly the last: Reuters poll

The Bank of Canada will raise interest rates by a quarter-point for a second straight meeting to 5.00% on July 12 following a five-month pause earlier this year and then hold well into 2024, according to a majority of economists polled by Reuters. ....

Milounee Purohit , Priscilla Thiagamoorthy , Andrea Ricci , Societe Generale , Vijayalakshmi Srinivasan , Ross Finley , Thomson Reuters Trust Principles , Claire Fan , Kit Juckes , Thomson Reuters Trust ,

BoC to raise rates 25 bps on July 12, possibly the last: Reuters Poll

The Bank of Canada will raise interest rates by a quarter-point for a second straight meeting to 5.00% on July 12 following a five-month pause earlier this year and then hold well into 2024, according to a majority of economists polled by Reuters. While that is the new expected peak rate, this same group of economists had called 4.50% the top before the BoC's surprise June move, underscoring how persistently price pressures have lingered in an economy still performing well. Inflation slowed sharply to 3.4% in May from 4.4% the prior month, but is well above the central bank's 2.0% target and not expected to reach it until early 2025. ....

Vijayalakshmi Srinivasan , Andrea Ricci , Milounee Purohit , Societe Generale , Priscilla Thiagamoorthy , Ross Finley , Claire Fan , Kit Juckes ,

BoC to raise rates 25 bps on July 12, possibly the last

BoC to raise rates 25 bps on July 12, possibly the last
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Vijayalakshmi Srinivasan , Milounee Purohit , Andrea Ricci , Priscilla Thiagamoorthy , Societe Generale , Ross Finley , Claire Fan , Kit Juckes ,

Inflation rate expected to drop. What that means for the Bank of Canada - National

The Bank of Canada is likely to be watching the May inflation report closely. Here's what it could mean for the central bank's next interest rate decision in July. ....

Nathan Janzen , Jennifer Palma , Michael Campbell , Priscilla Thiagamoorthy , Global News , Inflation Canada , Bank Of Canada , Bank Of Canada Interest Rate , Anada Inflation Rate , Canada Interest Rate , Consumer Price Index , Inflation 2023 , Inflation Rate , Inflation Rate Canada , Interest Rate , Statistics Canada ,

Inflation rate expected to drop. What that means for the Bank of Canada

The Bank of Canada is likely to be watching the May inflation report closely. Here’s what it could mean for the central bank’s next interest rate decision in July. ....

Nathan Janzen , Priscilla Thiagamoorthy , Corus Entertainment Inc , Global News , Corus Entertainment ,