Bank of Canada Delivers 50bps Rate Cut 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...
In a news release, the Bank of Canada said the Canadian economy is still overheated, prompting its governing council to raise interest rates once again. However, if economic developments stay in line with its current projections, the central bank said it expects to hold its ...
It’s also forecasting inflation will remain at eight per cent over the next few months and begin to decline toward the end of the year and reach its target rate in 2024. The central bank’s projections assume that globally, oil prices will gradually decrease, and supply chain disruptions wi...
It’s also forecasting inflation will remain at eight per cent over the next few months and begin to decline toward the end of the year and reach its target rate in 2024. The central bank’s projections assume that globally, oil prices will gradually decrease, and supply chain disruptions wi...
The Ottawa-based trade group speaks for both Canada’s chemical and plastic industries. In chemicals, the 2025 growth would come after projected growth of about 2% for 2024, which was weaker than CIAC initially expected as interest rates did ...
Interest Rates on Downward Trajectory, New Loan Originations Pick Up Encouraged by the significant ease of inflation in the first half of 2024, the Bank of Canada (BOC) startedreducingits policy rate from the peak 5% level: by 25 b.p. in June, 25 b.p. in July, 25 b.p. in Septembe...
The prime rate in Canada, as of Dec. 11, 2024, is 5.45%. This is the fifth drop we’ve seen this year. The July 2023 update marked the Bank of Canada’s third and last 25-basis policy interest rate increase last year. These increases were a bid to combat the annual inflation rat...
Spence (2010), "Face-Off: Should the Bank of Canada Release its Projections of the Interest Rate Path," C.D. Howe Backgrounder No. 139.Siklos, P., and A. Spence. 2010. "Faceoff: Should the Bank of Canada Release Its Projections of the Interest Rate Path? The Cases For and Against...
Canada’s economy has fallen behind its population growth for the fifth straight quarter, with real GDP per capita declining by 0.1 percent in Q2 2024… This downturn becomes even more striking when viewed in comparison to the United States, ...
reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is continuing its policy of balance sheet normalization. The global economy expanded by about 2½% in the second quarter, consistent with projections in the Bank...