The next BoC interest rate decision is on: January 29, 2025 Of the experts surveyed in theFinder: Bank of Canada Interest Rate Forecastfor theDecember 11 Policy Rateannouncement: 62% predicted a drop of 50 basis points. Latest BoC benchmark interest rate analysis from the experts Finder regula...
Meanwhile, higher gasoline prices put upward pressure on inflation, as prices were 7.5 per cent higher than they were in September 2022. The latest data comes a week ahead of the Bank of Canada’s next interest rate announcement and updated for...
Inflation is less of a concern for the central bank, which was made clear when it stated "inflation has been about 2% since the summer, and is expected to average close to the 2% target over the next couple of years." The bank referenced the confluence of factors that are muddying the...
Since then, there have been two additional interest rate hikes and Rosenberg contends the current rate is unsustainable for the majority of Canadians. He said the central bank would need to lower rates significantly to avert a severe recession, and sees the Bank of Canada cutting rates by at ...
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 RSM Canada, said the announcement is “surprising” and “risky” given the U.S. Federal Reserve is expected to raise rates by three-quarters of a percentage point next week. “That could be risky in the sense that it could weaken the Canadia...
Ratehub.ca Co-CEO and president of CanWise mortgage lender James Laird shared his thoughts and expectations for the upcoming BoC announcement with Daily Hive. "We are expecting a rate hold from the Bank of Canada next week and will look to the accompanying statement to try to figure out if...
By Jason Anderson Published in Cinema Scope 71 (Summer 2017) International devotees of Canuck pop-cultural arcana may pride themselves on knowing every single line that Drake ever uttered on Degrassi: The Next Generation, but there’s another treasure that Canadians thus far have been able to ...
November 25, 2023 Ontario to increase minimum wage for primary school teachers The minimum pay for primary school teachers to be increased to $23.86 per hour starting from next year and there is a positive job outlook for this sector in the coming years. The estimated number of people that ...
TheBankofCanadawill also have new gross domestic product data to consider as well as the November jobs report before its Dec. 11 announcement. The central bank’s interest rate cuts have helped take pressure off shelter price inflation as mortgage interest costs decelerate. ...