The Bank of Canada (BoC) cut its overnight rate by 50 basis points, to 3.25%, while stating that it will continue with Quantitative Tightening (QT). The bank highlighted that economic growth has been weaker than they expected, stating that "the economy grew by 1% in the third quarter,...
“Given the outlook for inflation, the governing council still judges that the policy interest rate will need to rise further,” the bank said in its announcement. “As the effects of tighter monetary policy works through the economy, we will be assessing how much higher...
Canada's economy was slowing at the end of 2017, with annualized growth of 1.7 percent in the fourth quarter, down sharply from the three-percent pace for the year as a whole. Keeping interest rate steady after three rate hikes since last July, the bank said that fourth-quarter GDP growt...
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...
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.
Canadian Dollar Lower, Traders Await Bank of Canada Interest Rate Announcement: Loonie Lower Ahead of Rate AnnouncementTORONTO - The Canadian dollar closed slightly lower Monday, a day ahead of the Bank of Canada's...Morrison, Malcolm
The Bank of Canada is expected to make its next interest rate announcement this month, and experts are weighing in on what might be in store for Canadians. The update is scheduled to drop on Jan. 25. It could either be the first interest rate increase of the year or a hold on thecurr...
Tu Nguyen, an economist with RSM Canada, said the announcement is “surprising” and “risky” given the U.S. Federal Reserve is expected to raise rates by three-quarters of a percentage point next week. “That could be risky in the sense that it could weaken the Canadia...
The Bank of Canada (BoC) will issue its third interest rate update of the year at 10 a.m. ET on Wednesday, April 10. Canada's central bank held the k…
OTTAWA — The Bank of Canada brushed off questions about rate cuts as it held its policy rate at five per cent, arguing inflation is still too high to justify lower borrowing costs. Governor Tiff Macklem, who held a news conference after the interest rate announceme...