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,...
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...
Keeping interest rate steady after three rate hikes since last July, the bank said that fourth-quarter GDP growth was slower than expected, largely due to higher imports, while exports made only a partial recovery from their third-quarter decline. The bank's announcement comes after U.S. Pres...
"Monetary policy decisions will be guided by incoming information and our assessment of their implications for the inflation outlook. The Bank remains resolute in its commitment to restoring price stability for Canadians," it concluded. The next interest rate announcement is expected on October 23, 2...
That is why the bank is keeping its rate low, to help stimulate the economy, it said. The bleak outlook caused the value of the Canadian dollar to lose half a cent, to trade 0.74 U.S. dollar after the bank's announcement. Despite its downgrade of economic growth, the central bank sai...
How does the BoC interest rate decision affect your finances? The BoC can take three actions during an interest rate announcement: Raise, lower or hold the target rate. The Bank of Canada adjusts the target rate in response to various economic conditions, including data regarding: inflation, un...
“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...
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.
Traders Look to Bank of Canada Rate Announcement, More Fiscal Cliff UncertaintyTraders look to interest rate announcement--TORONTO - The Bank of Canada is expected to announce...Morrison, Malcolm
Economists were split on whether the Bank of Canada would go with half or three-quarters of a percentage point heading into the announcement Wednesday. Tu Nguyen, an economist with RSM Canada, said the announcement is “surprising” and “risky” given the U.S. Federal Reserv...