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Don’t look to the BoC to solve Canada’s housing and economic woes, Macklem says

Don’t look to the BoC to solve Canada’s housing and economic woes, Macklem says

OTTAWA — Bank of Canada governor Tiff Macklem is laying out the limits of monetary policy as he warns the central bank can’t solve problems such as housing affordability with interest rates.
Bank of Canada holds the course, boosting investor confidence

Bank of Canada holds the course, boosting investor confidence

Inflation pressures remain a concern for policy-makers
Bank of Canada holds fast on interest rates

Bank of Canada holds fast on interest rates

Policy rate stays steady at 5 per cent as bank stays focussed on inflation fight
Bank of Canada doubles-down on inflation pressures

Bank of Canada doubles-down on inflation pressures

Global pressures ease but the Bank of Canada isn't resting easy
Bank of Canada holds steady on key rate

Bank of Canada holds steady on key rate

Central bank was widely expected to maintain pause on overnight rate
Freedom Capital helps clients when the banks say no

Freedom Capital helps clients when the banks say no

Discover a quick, hassle-free way to the financing you need, when you need it
Bank of Canada Governor confident he is on right track

Bank of Canada Governor confident he is on right track

Tiff Macklem tells Vancouver audience he expects gross domestic product growth ‘will be close to zero through to the middle of next year’ due to interest rate hikes
Latest BOC rate hike raises bank prime to 6.45 per cent

Latest BOC rate hike raises bank prime to 6.45 per cent

Another half a percentage point hike in mortgage costs will further sideline homebuyers and drive housing prices lower, just as it is meant to
Royal Bank buying HSBC Canada in $13.5 billion deal

Royal Bank buying HSBC Canada in $13.5 billion deal

All-cash transaction will see RBC acquire 130-branch rival in largest acquisition in Canadian banking history
Bank of Canada rate jumps 50 basis points to 3.75 per cent

Bank of Canada rate jumps 50 basis points to 3.75 per cent

The increase means about $150 more per month on a variable-rate $500,000 mortgage