25. Here is the latest data for the central bank's rate decisions since March 2022— when it started raising rates to curb inflation before cuts began in June 2024— and the inflation rate for each month. Source: Bank of Canada, Statistics Canada Bank of Cana...
The bank forecasted that Canada's economy will grow by 4.25 percent this year before slowing to 3.25 percent in 2023 and 2.25 percent in 2024. Robust business investment, labour productivity growth and higher immigration will add to the economy's productive capacity, while higher interest rates sh...
Although the market seems to have priced a similar trajectory of interest rate cuts between the Bank of Canada and the Federal Reserve, Pacific Investment Management Corporation (PIMCO) believes that since the Canadian economy has always been weak, the Bank of Canada will cut interest rates faster...
The Bank of Canada (BoC) sets the official overnight rate — the benchmark target rate used by banks, credit unions and lenders to establish interest rates. This benchmark rate greatly impacts savings accounts, mortgages, interest rates charged on personal and car loans and other forms of debt...
CategoryInterest Rates RegionCanada SourceBank of Canada Stats Last Value3.23% Latest PeriodDec 31 2024 Last UpdatedJan 3 2025, 08:35 EST Next ReleaseJan 6 2025, 08:30 EST (E) Long Term Average4.27% Average Growth Rate1.87% Value from The Previous Market Day3.24% ...
The Bank of Canada (BoC) announced its fifth interest rate increase of the year, raising rates by another 75 basis points. This follows its July The Bank of Canada announced its fifth interest rate increase of the year, raising rates by 75 basis points.
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“In terms of the terminal level of interest rates, we think the BoC will cut to two per cent by July next year, stimulative and a touch below the lower bound of the (Bank of Canada’s) own estimates of (a) neutral rate at 2.25 per cent to 3.25 per cent,” she said in a note...
Aug. 8, 2024, 6:51 AM UTC(Wall Street Journal)Bank of Canada Focused on Perils of Cooling Labor Market in July Rate-Cut Decision: MinutesShow More Bank of Canada, Canada’s central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to reg...