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...
Bank of Canada Measuring Job Market Struggles Ahead of Next Rate AnnouncementBoC exploring struggles of the job market--OTTAWA - The Bank of Canada is monitoring the...Blatchford, Andy
"If growth comes in a shade below the Bank of Canada's forecast, it could be one factor that supports a 50 basis-point cut in December," said Avery Shenfeld, Managing Director and Chief Economist for Capital Markets at CIBC. A bigger-than-usual cut wou...
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) has lowered its key interest rate to 4.25 per cent, its third rate cut of the year. In June, the Bank dropped the interest r…
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,...
OTTAWA, March 7 (Xinhua) -- The Bank of Canada Wednesday announced to keep its interest rate unchanged at 1.25 percent, saying it remains cautious about its next rate move as it ponders various downside risks to the economy. "While the economic outlook is expected to warrant higher interest...
The Bank of Canada's target overnight lending rate is 3.25%. The central bank's latest rate decision on Dec. 11 was to lower its overnight lending rate from 3.75% to 3.25%. The next interest rate decision will be made on Jan. 25. Here is the latest da...
The Bank of Canada’s next rate decision is April 18. Derivatives prices imply less than a 1-in-3 chance the BoC will hike rates at that meeting. But few expect 2018’s economy to be as robust as last year’s 3% growth, so that should cap rates to some extent. All in all, the...
Since the beginning of July, the Bank of Canada’s balance sheet hasn’t really gone anywhere. This is despite stating in theJuly 14th interest rate announcementthat they would be continuing QE at a $2 billion/week rate. Before COVID-19 began, the Bank of Canada historically has held abou...