Bank of Canada expected to raise rates today for the first time since 2023
The Bank of Canada announces its interest rate decision this morning at 9:45 a.m. ET, with markets pricing roughly 77 to 90 per cent odds of a quarter-point hike that would lift the key rate from 2.25 per cent to 2.50 per cent, the first increase since 2023. Expectations pivoted after governor Tiff Macklem noted in Bangkok that the global oil price shock tied to Middle East conflict was raising persistent inflation risks; headline inflation sits at 3.1 per cent even as the economy lost 68,000 jobs in September and fourth-quarter GDP growth is projected under one per cent. Also in this briefing: Ottawa gives Cleveland-Cliffs 15 days to reverse Stelco layoffs or face forced sale under the Investment Canada Act; the Privacy Commissioner investigates software vendor Navigate360 over a breach of 1.5 million Crime Stoppers tips; and Ottawa tables Bill C-41 to permit advance MAID requests while permanently barring mental-illness-only cases.
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The Bank of Canada faces its first rate hike since July twenty twenty-three amid rising oil prices.
September job losses hit sixty-eight thousand as unemployment reached six point five percent.
Ottawa gave Cleveland-Cliffs fifteen days to reverse up to five hundred Stelco layoffs.
A massive data breach compromised over one point five million Crime Stoppers tips spanning twenty-five years.
New federal legislation permits advance requests for assisted dying while permanently barring mental-illness-only cases.
- 01Intro1 min
- 02Bank of Canada expected to raise rates today for the first time since 2023: The Decision and What Drove It2 min
- 03Bank of Canada expected to raise rates today for the first time since 2023: The Real Economy Fallout and Policy Debate2 min
- 04Ottawa gives Cleveland-Cliffs 15 days to reverse Stelco layoffs or face forced sale1 min
- 05Privacy commissioner opens investigation into Crime Stoppers tip breach2 min
- 06Where things stand1 min
- 07Ottawa tables bill allowing advance MAID requests and barring mental-illness-only cases2 min
- 08Outro1 min
- Privacy commissioner to investigate Canadian Crime Stoppers breach
- Bank of canada poised to hike key rate for first time in three years 4720818
- Policy interest rate
- Bank of Canada now expected to hike key rate as it faces 'pivotal decision'
- Swap Markets Price 80 Percent Odds Of An October 28 Rate Hike, Resetting Variable Payments
- Bank of Canada increasingly expected to raise interest rates this month | CBC News
- Economists call the first Bank of Canada move in a year
- Bank of Canada rate hike would be mistake, say economists | Financial Post
- Inflation risks are rising as oil shock lingers, Macklem says | Financial Post
- Macklem sees higher oil prices boosting growth, inflation | Financial Post
- Panel: Tiff Macklem, Governor
- Macklem signals higher inflation forecast as oil shock tests Bank of Canada’s hold
- Bocs macklem warns global resilience under strain
- Bank of Canada rate hikes priced for next year as oil lifts inflation outlook
- Boc expected to raise interest rates to 250 202610280945
- Macklem warns canada faces growth squeeze as tariffs oil complicate rate outlook 4846745
- Bank canada may hike rates this week amid energy inflation iran war
- Privacy commissioner to investigate Canadian Crime Stoppers breach | CBC News
- Bank of Canada Should Maintain Overnight Rate at 2.25 Percent in 2026, Increase to 2.75 Percent by Next October, Says C.D. Howe Institute Monetary Policy Council
- Hedge funds ramp up Canadian dollar shorts ahead of Bank of Canada…
- Joly gives Cleveland Cliffs 15 days to reverse layoffs or risk penalties such as fines or forced sale
- Ottawa gives Stelco’s U.S. owner 15 days to reverse mass layoffs
- Ottawa demands plan to restore Stelco jobs before meeting Cleveland-Cliffs CEO | Globalnews.ca
- Cleveland-Cliffs says Stelco in 'full compliance' with commitments to Ottawa, wants to meet with Joly | CBC News
- Canada gives Cleveland-Cliffs 15 days to reverse Stelco layoffs or face court action
- ‘That doesn’t work’: Joly says ‘we need to send a message’ about broken Stelco agreement
- Steelmaker Cliffs defends Stelco cuts, seeks Joly meeting | Financial Post
- Stelco owner says he could sell plant next year after becoming 'persona non grata in Canada' | CBC News
- News release: Privacy Commissioner of Canada to investigate data breach involving Crime Stoppers - Office of the Privacy Commissioner of Canada
- Privacy commissioner opens investigation into Crime Stoppers data breach
- Privacy commissioner of canada to investigate data breach involving crime stoppers
- No evidence stolen Crime Stoppers data used for fraud, provider says | Globalnews.ca
- Canada-wide freeze on Crime Stoppers programs, partnerships surges to 35 agencies | CBC News
- Privacy commissioner opens investigation into Crime Stoppers data breach
- Third-Party Vendor Data Breach: Lessons from the Crime Stoppers Hack | Cybersecurity Canada
- Privacy Watchdog Probes Crime Stoppers Tip Breach
- Crime Stoppers chapter freezes tips after breach breaks anonymity promise
- Toronto Crime Stoppers suspends accepting tips following massive data breach
- After the massive Canadian Crime Stoppers data breach, what's next for those affected? | CBC News
- Canada moves to allow advance requests for MAID with rigorous safeguards
- Liberals table legislation amending euthanasia regime
- Maid for mental illness
- youtube.com
- Canada’s proposed law on MAID revealed. Here’s what it says - National | Globalnews.ca
- Liberals introduce bill to bar MAID for mental illness | National Post
- Ottawa tables new MAID legislation, excluding people suffering solely from mental illness | CBC News
- Ottawa allows advance requests for MAID
- Liberals table bill to bar access to MAID for mental illness, allow advance requests
- youtube.com
- Sould Canadians be able to request medical assistance in dying in advance and have it occur after they can no longer consent to it
- New Liberal bill allows advance requests for MAID, denies mental illness as sole qualifying condition
- youtube.com
- Canada’s medical assistance in dying (MAID) law
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