Tim Macklem News Today

Economists expected it, so there was no surprise today (Wed) when the Bank of Canada announced keeping its key interest rate at five per cent. Governo...

USD/CAD aims to lose ground on the fourth consecutive day to continue the losing streak, treading waters near 1.

The Bank of Canada (BoC) Governor Tim Macklem said on late Thursday that there are some reasons to believe that the neutral interest rate is more likely higher than lower.

It’s uncertain financial times for many Canadians as inflation has already taken a big bite out of family budgets.

Stubborn inflation in 2022 calls for a new approach to retirement planning. Future retirees are advised to factor inflation into their financial plans to counter spikes and cope with long-term cost increases. Stubborn inflation in 2022 calls for a new approach to retirement planning. Future retirees are advised to factor inflation into their financial plans to counter spikes and cope with long-term cost increases.

The Bank of Canada took a more aggressive action to fight inflation by raising its benchmark rate by a full percentage point effective July 12, 2022.

Interest rates are coming. How soon will they arrive?

From food to gas, inflation has made the cost of living in Canada much more expensive. Banks are calling this inflationary period "transitory," but what does that even mean?

The USD/CAD is flat during the New York session is trading at 1.2362 at the time of writing. Earlier the market sentiment was downbeat due to higher i

The USD/CAD is advancing during the New York session, up 0.19%, trading at 1.2393 at the time of writing. An upbeat market sentiment surrounds the mar