The Bank of Canada raises to 0.75% on July 12, 2017. The 25-basis-point increase moves the announced target from 0.50%. Broader growth allows the Bank to withdraw some support.

The decision at a glance

The Bank of Canada holds at 0.50% on May 24, 2017. The oil adjustment is largely complete, but wages and exports lag.

The decision at a glance

The Bank of Canada holds at 0.50% on April 12, 2017. Stronger growth is encouraging, but the Bank wants durability.

The decision at a glance

The Bank of Canada holds at 0.50% on March 1, 2017. Inflation above 2% does not yet signal broad price pressure.

The decision at a glance

The Bank of Canada holds at 0.50% on January 18, 2017. Canada's spare capacity sets it apart from the United States.

The decision at a glance

The Bank of Canada holds at 0.50% on December 7, 2016. Bond yields rise even though the policy rate does not.

The decision at a glance

The Bank of Canada holds at 0.50% on October 19, 2016. Housing measures and export weakness lower the growth path.

The decision at a glance

The Bank of Canada is holding at 0.50% today, September 7. Exports are disappointing beyond the temporary wildfire disruption, and the Bank sees somewhat more downside risk to inflation. For a Greater Sudbury buyer or owner, I would still work from a written lender offer and a payment …

The Bank of Canada is holding at 0.50% today, July 13. A rebound from Alberta’s fires is expected, but weak investment and exports make the full-year outlook less encouraging. If you are buying or renewing in Greater Sudbury, I would judge the payment against your own budget instead …

The Bank of Canada is holding its overnight rate at 0.50% today, May 25. Alberta’s wildfires are interrupting production, but the Bank expects a rebound as activity resumes. For a Greater Sudbury household, I would plan around the income and carrying costs you can actually sustain, not a …