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Canadian households, clobbered by rising interest rates, are desperate for word from the Bank of Canada on when they may start to fall. But central bank governor Tiff Macklem refuses to give them a "false sense of precision."
The Bank of Canada held interest rates at 5% as expected but dropped its hiking bias. A cut is likely the next move, but when? Read on
Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
After missteps around forward guidance, central bank wary of being pinned down
The Bank of Canada on Wednesday held its key lending rate at five percent for the fourth time in a row, saying it remains concerned about stubbornly high inflation.