Sentences with phrase «cent rate hike»

He says the 6.4 per cent hike is lower than the 20 per cent rate hike that was recommended by the report commissioned by the previous government and released in July 2017.

Not exact matches

Even before Wednesday's decision, five of the country's largest banks hiked five - year fixed rates 15 basis points to 5.14 per cent last week.

Rate hikes in the U.S. cause the greenback to appreciate against the loonie, which currently stands at around US77 cents.

The central bank stuck with its benchmark interest rate of 1.25 per cent Wednesday as it continued along a careful process of determining the appropriate juncture for its next hike.

Earnings estimates for the 2018 fiscal year are being revised upwards by some analysts to account for the impending bump from recent interest rate hikes and a U.S. corporate tax cut from 35 per cent to 21 per cent that took effect on Jan. 1.

«They're very data dependent and... potentially we could have more rate hikes in order to keep inflation close to that two per cent mark,» James Marple, senior economist for TD Bank, said of the Bank of Canada.

But homebuying activity has also since been dampened by the Bank of Canada's move in January to hike interest rates to 1.25 per cent.

The central bank stuck with its benchmark rate of 1.25 per cent last month as it continued its careful process of determining the best juncture for its next hike.

When the economy is close to full capacity, the bank hikes its rate to keep inflation from rising above its two per cent ideal target.

Bank of Canada hikes interest rate to 1.25 per cent on strong economic data; Poloz notes NAFTA uncertainty

BC Hydro will cut its proposed rate hike in half over the next three years, from 30 per cent to 16 per cent, following a government panel review on Thursday.

In response, the union filed a submission with the BCUC last week asking the commission to approve the slightly higher rate hike of six per cent.

«Overall, a report showing strong job growth, a falling unemployment rate, and steady wage gains should be mildly hawkish for markets and supportive of continued but gradual Fed rate hikes, keeping a June hike well priced above 90 per cent,» TD said.

Given the nation's debt load — as of February, households had a record $ 2.1 trillion of mortgage and non-mortgage debt — Poloz estimates the economy is 50 per cent more sensitive to rate hikes than in the past.

Economists are primarily in the wait - a-month camp — only five of 26 surveyed by Bloomberg News expect the central bank to hike its 0.75 - per - cent benchmark rate this week.

The country's biggest banks raised their prime rates after the Bank of Canada hiked its overnight lending rate earlier this month by a quarter of a percentage point to 1.25 per cent.

As Canada's «big six» lenders hike their five - year posted and prime rates, that criteria benchmark is slated to get steeper, increasing to 5.14 per cent from 4.99 upon news of the Bank of Canada's January rate hike.

In the last year, Premier Clark delivered a massive 28 - per - cent hydro hike to B.C. families and businesses, and implemented even more increases to ferry fares, medical service premiums and ICBC basic insurance rates.

Today's surprise hike of the central bank's overnight lending rate to 1.0 per cent comes less than a week after the latest data for economic growth showed an impressive expansion of 4.5 per cent for Canada in the second quarter.

The CPP premium rate hike for most proposed reforms is about 3 percentage points on top of the current 9.9 per cent rate.

The odds of a rate hike at the Bank of Canada's next meeting on Jan. 17 soared to 70 per cent, from 40 per cent yesterday, based on trading in the swaps market.

The probability of an interest - rate hike by the central bank at its meeting next week slipped to 71 per cent Wednesday from 87 per cent the day before, swaps pricing indicated.

In contrast, the premium rate hikes associated with most current proposals for CPP expansion would be only about 30 per cent.

On Thursday, Royal Bank of Canada will hike its five - year fixed - rate mortgage to 3.89 per cent, one day after the Bank of Montreal raised its rate to 3.79 per cent.

Since the premium is paid half by employers and half by employees, the rate hike for employers would be just 1.5 per cent.

With additional rate hikes anticipated, RBC now forecasts the Canadian dollar will average close to 80 U.S. cents over the forecast horizon.

But the central bank stuck with its benchmark rate of 1.25 per cent last month as it continued its careful process of determining the best juncture for its next hike.

OTTAWA — The Bank of Canada on Wednesday maintained its key interest rate at one per cent, confirming expectations that the bank would hold off on further rate hikes amid slackening economic data.

Chances of a rate hike in January fell to 28 per cent from 41 per cent before the announcement, the overnight index swaps market indicated.

That means the US central bank is halfway to its target, given the current fed funds rate of 1.75 per cent and the 150 basis points in hikes the Fed has implemented since December 2016.

Hydro — Despite telling voters ahead of the election that hydro rates wouldn't necessarily go up, as soon as the election was over the Clark government announced a massive 28 - per - cent hike, which will make customers pay $ 477 more on their bill.

The OIS market has a probability of 32 per cent attached to an RBA rate hike of 25bp before the end of this year.

Ingredient supplier, Beneo, has announced a 20 per cent hike in the price of its sweetener Isomalt, citing rising inflation rates and the need to secure a flexible supply chain.

On the other hand, voters in the East Dundee and Countryside Fire Protection District, and the South Elgin and Countryside Fire Protection District, both approved identical 10 - cent hikes in their corporate tax rates, to 40 cents per $ 100.

The Federation of Small Businesses did welcome the move to reduce the small companies tax rate to 20 per cent, but warned the VAT hike will hit small businesses.

As with the wastewater rates, this increase follows an 8 cent per 1,000 gallon rate hike earlier this year over 2016.

It was feared there would be a two per cent rise in basic rate tax, and a three per cent hike for higher - rate payers.

Schools are facing hikes of more than 10 per cent in their ICT costs after tech giants say post-Brexit exchange rates will force up prices.

The last cycle of rate hikes topped out at 5.25 per cent, with the final increase coming in June 2006.

So with a choice of two mortgage products that differ by slightly more than one per cent, the looming rate hikes are kind of scary to me.

It calls for a three - percentage - point hike in premium rates for employers and employees equally from the current 4.95 per cent.

The central bank stuck with its benchmark rate of 1.25 per cent last month as it continued its careful process of determining the best juncture for its next hike.

A new report to be released Wednesday by BMO Financial Group found that some 53 per cent of home buyers in Ontario and 51 per cent in British Columbia will conduct personal «stress tests» to determine whether they can pay their mortgages in the event of a rate hike.

The Bank of Canada raised its benchmark interest rate to 1.25 per cent Wednesday and signalled that, barring certain risks, more hikes are likely in the rest of the year.

The Canadian dollar has already ticked up compared to the greenback in anticipation of a rate hike, increasing roughly six per cent since May to 77.6 cents U.S..

Even before Wednesday's decision, five of the country's largest banks hiked five - year fixed rates 15 basis points to 5.14 per cent last week.

First and foremost, it reiterates Trudeau's pledge to cut the tax rate for middle - income earners and provide a more generous child benefit to those who need it, all paid for by a tax hike on the wealthiest one per cent.

According to Bloomberg News, financial markets believe there is a 65 - per - cent chance that the central bank will hike rates again by mid-July.

The central bank hiked its rate Wednesday by one - quarter point to 1.0 per cent, its second 25 - basis - point increase since July.

Meanwhile, it's produced a dividend growth rate of 14 per cent over the past five years, and Levine expects another hike next quarter.