Today: September 12, 2024
Today: September 12, 2024

Bank of Canada

Economy|Finance

Bank of Canada cuts rates, sees weaker economy in 2024

The Bank of Canada on Wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5%, and said

Bank of Canada cuts rates, sees weaker economy in 2024
Economy|Finance

INSTANT VIEW: Bank of Canada cuts rates again

The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points for the second month in row, bringing it down to 4.5%, and said more cuts were likely if inflation

INSTANT VIEW: Bank of Canada cuts rates again
Economy|Finance

Bank of Canada pivots to boosting economic growth, raising rate cut bets

The Bank of Canada is shifting its focus to boosting the economy rather than suppressing inflation, which raises prospects of further interest

Bank of Canada pivots to boosting economic growth, raising rate cut bets
Economy

BoC to wait until at least June before cutting rates - Reuters poll

The Bank of Canada will wait until at least June to cut its key interest rate as price pressures remain sticky, according to a firm majority

BoC to wait until at least June before cutting rates - Reuters poll
Economy|News|World

Canada's economic growth misses estimates, boosting chances of rate cut

Canada's economy likely weakened in the first quarter, data from Statistics Canada showed on Tuesday, bolstering expectations that the Canadian

Canada's economic growth misses estimates, boosting chances of rate cut
Business|Economy

Bank of Canada closer to being able to cut rates, Macklem says

The Bank of Canada is getting closer to being able to start cutting interest rates from their current 23-year highs, Governor Tiff Macklem said on Wednesday.

Bank of Canada closer to being able to cut rates, Macklem says
Business|Economy|News

BoC says there's a limit to how far US and Canada rates can diverge

There is a limit to how far U.S. and Canadian interest rates can diverge but "certainly we're not close to that limit", Bank of Canada Governor Tiff Macklem told the House of

BoC says there's a limit to how far US and Canada rates can diverge
Business|Economy

Bank of Canada says debt, asset valuations are key risks to stability

The Canadian financial system remains resilient but the continuing adjustment to higher rates and possible shocks present key risks to stability, Bank of Canada

Bank of Canada says debt, asset valuations are key risks to stability
Business|Economy

Weaker loonie may not deter Bank of Canada diverging from the Fed

The Bank of Canada would be willing to cut interest rates three times ahead of the Federal Reserve's first move before a declining currency threatens to endanger

Weaker loonie may not deter Bank of Canada diverging from the Fed
Economy|News

Canada June rate cut bets rise after first-quarter GDP miss

The Canadian economy expanded at a slower-than-expected pace in the first quarter, data showed on Friday, boosting expectations for the first

Canada June rate cut bets rise after first-quarter GDP miss
Business|Economy

Bank of Canada should opt for cautious rate cuts, economists say

The Bank of Canada will need to play very safe in its easing cycle, despite widespread expectations of an immediate July rate cut, and take a much slower path

Bank of Canada should opt for cautious rate cuts, economists say
Economy

Canada inflation surprisingly rises in May, markets trim July rate cut bets

Consumer prices in Canada took an unexpected turn and rose in May, data showed on Tuesday, after showing signs of an almost consistent cooling

Canada inflation surprisingly rises in May, markets trim July rate cut bets
Economy|News

Canada's cooling June inflation makes rate cut next week increasingly likely

Canada's slower-than-expected rise in consumer prices in June has firmed up expectations that yet another rate cut by the Bank of Canada is

Canada's cooling June inflation makes rate cut next week increasingly likely
Economy|Finance

Bank of Canada to cut rates on July 24, then twice more in 2024: Reuters Poll

The Bank of Canada will cut its overnight interest rate on Wednesday by 25 basis points to 4.50% amid expectations that inflation will continue to fall,

Bank of Canada to cut rates on July 24, then twice more in 2024: Reuters Poll
Economy|Finance|Stock Markets

Energy sector drags TSX lower head of BoC rate decision

Canada's main stock index fell on Tuesday as a drop in oil prices weighed on energy shares, but the move was limited ahead of a potential interest rate cut by the Bank of

Energy sector drags TSX lower head of BoC rate decision

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