Bank of Canada interest rate forecast report B.O.C reduces policy rate by 50 basis points at December announcement as predicted by 62% of economists surveyed in Finder's Interest Rate Forecast Report. Finder: Bank of Canada Interest Rate Forecast Report The Bank of Canada (BoC) sets the offi...
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 announcement where the Bank announced an interest rate hike of 1 percentage point, the largest interest rate increase since August 1998. BoC also ca...
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...
The report predicts the first rate cut to come in April, slightly earlier than financial markets expect, with interest rates ending the year at 3.5 per cent. The Bank of Canada is scheduled to make an interestrate announcement on Wednesdayand is widely expected to hold its policy rate at fiv...
Since the most recent interest rate announcement, on Dec. 11, 2024, which brought the overnight rate to 3.25%, the banks’ prime rates have decreased to 5.45%. What does it mean if the prime rate goes down? If the prime rate were to go down, the cost of paying interest on variable...
Tu Nguyen, an economist with accounting and consulting firm RSM Canada, said that while the rate announcement may have come as a surprise, it isn’t unreasonable given the rate of inflation, rising inflation expectations and the tight labour market. ...
Tu Nguyen, an economist with accounting and consulting firm RSM Canada, said that while the rate announcement may have come as a surprise, it isn’t unreasonable given the rate of inflation, rising inflation expectations and the tight labour market. ...
This year, much of Laird's forecasts have focused on BoC commentary rather than interest rate numbers, which aren't expected to move yet. What should homeowners do depending on the interest rate announcement? Laird advises anyone with a variable-rate mortgage or home equity line of credit (HEL...
Shortly after the announcement,Trudeau postedon social media that there was still a “lot of work to make life more affordable” for Canadians. “But this is a strong signal that we’re going in the right direction, and it’s welcome relief for a lot of people looking to buy a home,”...
The Bank of Canada cut its key interest rate for a second consecutive time on Wednesday, but warned the path back to two per cent inflation may be uneven and would ultimately determine the pace of future rate cuts. The central bank says its decision to lower its policy rate by a quarter...