Claims extracted
19
sentences that state something as happening or true
Uncertain
21%
4 of 19 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
74/100
CBC News's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
4
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Bank of Canada expected to hike interest rate 25 points as inflation ticks upward
The Latest
- The Bank of Canada will announce its latest interest rate decision today, with most economists predicting a quarter-percentage-point hike.
asserted
economists → expect → hike
- The increase would bring the bank's benchmark rate to 2.5 from 2.25 per cent.
- The bank's governor Tiff Macklem had kept the interest rate at 2.25 for seven consecutive meetings.
asserted
governor → bring → meetings
A hike would mark the bank's first rate change in a year.
asserted
hike → mark → year
- Canada's annual inflation rate rose to 3.1 per cent in September, largely driven by surging energy prices due to the war in the Middle East.
-
asserted
rate → rise → East
Macklem faces a difficult balancing act: raising interest rates could help slow inflation, but could also weaken growth in an already struggling labour market.
-
uncertain
raising → face → market
The announcement is accompanied by the bank's latest Monetary Policy Report, which will include forecasts for inflation and economic growth.
asserted
which → accompany → inflation
Updates
October 28
Verity StevensonWhy this interest rate decision matters
Canada's economy has shown resilience in the face of punishing U.S. tariffs, but new import bans on a range of Canadian products are creating further drag.
asserted
bans → matter → drag
Accounting firm Deloitte has lowered its growth forecast for next year by 20 per cent.
asserted
Deloitte → lower → cent
Despite inflation on the rise due to energy costs and a struggling labour market, the Canadian economy has shown resilience.
asserted
economy → struggle → resilience
Those price pressures have remained relatively contained.
asserted
pressures → remain → ?
Excluding gasoline, inflation was actually eased to 2.2 per cent in September, down from 2.4 per cent in August.
asserted
inflation → exclude → August
But Macklem has warned that persistently high energy prices could push inflation higher more broadly.
uncertain
prices → warn → inflation
Economists say the central bank may be looking to get ahead of those pressures, even if that means raising borrowing costs for Canadian households and businesses at a time when economic growth remains sluggish.
uncertain
growth → say → time
Economists predict Macklem will raise rate
Good morning and welcome to our live coverage of the Bank of Canada's latest interest rate announcement.
Nineteen of 34 economists surveyed by Reuters from Oct. 21 to 23 said the central bank will hike its overnight rate by 25 basis points to 2.5 per cent.
asserted
bank → predict → cent
A majority also forecast one more rise before March.
asserted
majority → forecast → March
The prediction by economists comes amid surging energy prices and an uptick in inflation.
asserted
prediction → come → inflation
Inflation climbed slightly above the bank's target range of one to three per cent in September to 3.1 per cent, but Canada's economy has been showing some signs of weakness.
asserted
economy → climb → weakness
The labour market shed 68,000 jobs in September, according to Statistics Canada.
uncertain
market → shed → Canada
We'll bring you developments, analysis and reaction as the bank announces its decision.
asserted
bank → bring → decision
The Aporia
