The Bank of Canada cut its key interest rate by 50bps to 3.75% in its October 2024 decision, as expected, signaled that it will continue to lower its rate should the economy develop as expected. The decision increased the pace of rate cuts following three 25bps slashes, aligning with recen...
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...
Finder regularly polls economists, analysts, professors and industry experts to forecast the Bank of Canada’s next interest rate decision. Here are the most recent overnight rate predictions from Finder’s economic expert panel: Murshed Chowdhury, Associate Professor + Insight from Murshed Chowdhury O...
The Bank of Canada will announce its interest rate decision this morning as economists widely expect the central bank to opt for a quarter percentage point rate hike. The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. THE CANADIAN PRESS/Sean Kilpatrick The B...
On the future path of policy, the bank seems more cautious, stating that is has already "reduced the policy rate substantially since June" and that it "will be evaluating the need for further reductions in the policy rate one decision at a time."Key...
Canada Raises Interest Rate by Quarter Point.Reports on the decision of the Bank of Canada to boost interest rates on a pledge to reduce monetary stimulus in order to stave off inflationary pressures.EBSCO_bspWall Street Journal - Eastern Edition...
OTTAWA — The Bank of Canada raised its key interest rate target by a quarter of a percentage point to 4.75 per cent on Wednesday, the first raise since it announced a pause in January.
After raising its interest rate five times since July 2017, the bank has kept its rate at 1.75 percent since October 2018. Unlike its past announcements, the bank made no mention of a need for future increases of its interest rate on Wednesday's decision....
This is the only jobs report before the next rate decision on March 6. Economists widely expect policymakers to hold policy rates at 5 per cent for a fifth straight meeting, and predict the easing cycle to start between April and July. ...
The truth is, the decision of the government during COVID to issue short term debt was absolutely negligent Ontario’s government has also extended the long-term financing of its debt, issuing $137 billion, or about a third of the province’s debt, in 30-year bonds. ...