News Stream Bank of Canada Cuts Rate by 50bps The Bank of Canada cut its key interest rate by 50bps for a second consecutive decision in its December meeting, as expected by markets, to mark 175bps of cumulative rate cuts from this cycle’s peak of 5%. Still, rhetoric from policymakers...
Canada currently has a shortage of affordable, residential housing. A higher interest rate means it is more expensive to borrow money from the bank, mortgages become more expensive, and any kind of bank loan will cost more. Again, this is designed to slow down the rate...
OTTAWA, Oct. 30 (Xinhua) -- The Bank of Canada announced on Wednesday that it will continue keeping its key interest rate at 1.75 percent as widely expected by economic analysts. Correspondingly, the bank rate is 2 percent and deposit rate is 1.5 percent. The country's central bank said t...
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 ...
OTTAWA, Sept. 6 (Xinhua) -- The Bank of Canada announced Wednesday it has raised its benchmark interest rate by one-quarter point to one percent. It's the second time this year that the central bank has increased the rate after hiking it for the first time in seven years in July. ...
On December 6, 2023, the Bank of Canada announced it would be holding its overnight lending rate at 5%. If you're a homeowner, and you've taken even a cursory glance at the news lately, chances are you've thought about what current high interest rates could mean for your mortgage. ...
Since March, the central bank has raised its key interest rate six consecutive times, bringing it from 0.25 per cent to 3.75 per cent in one of the fastest monetary policy tightening cycles in its history. Speaking at a news conference on Wednesday, Bank of Canada governor ...
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.
Although the market seems to have priced a similar trajectory of interest rate cuts between the Bank of Canada and the Federal Reserve, Pacific Investment Management Corporation (PIMCO) believes that since the Canadian economy has always been weak, the Bank of Canada will cut interest rates faster...
The Bank of Canada’s decision to leave its interest rate unchanged Wednesday could be just a brief pause that comes as it carefully follows the unpredictable twists in the country’s trade talks with the United States. The central bank kept its benchmark at 1.5 per cent, but many ...