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...
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...
According to the BMO Canada Economic Outlook released in late 2024, “since June, (BoC) has cut rates by 1.25 per cent, and we expect … a series of cuts through mid-2025. All told, we expect the overnight interest rate to fall from the current 3.75 per cent to 2.5 per cent by th...
What is the prime interest rate in Canada? As of Jan. 29, 2025, Canada’s prime rate is 5.20%. The prime interest rate in Canada is calculated as a mode average of the Six Big banks’ official prime rates and normally rises or falls right after the BoC announces a policy rate change...
Statistics Canada released jobs number for August this Friday. ‘Less dovish’: Capital Economics Risks to the economy mean that future rate cuts “lie in the direction of a more aggressive pace,” Stephen Brown, deputy chief North America economist at Capital Economics, said in a note. ...
The Bank of Canada (BoC) has lowered its key interest rate to 4.25 per cent, its third rate cut of the year. In June, the Bank dropped the interest r…
For now, Capital is calling for two more rate cuts in 2025, though there are “risks” to that forecast, Brown said. Financial Post ‘Rates still too high’: CIBC “The Bank of Canada isn’t certain about what comes next, but then again, who is?” Avery Shenfeld, chief economist at...
June’s inflationary pressures easing in Canada and the US signals possible rate cuts next week, providing some immediate relief to Canadian borrowers holding variable and adjustable mortgages. Canadian bond yields continue to lower due to pressures from US yields, which could lead to lower fixed mo...
The Bank of Canada (BoC) slowed down the pace of rate cuts, with a 25 basis point move today, bringing the policy rate to 3.0%. It also stated that it will end Quantitative Tightening (QT) and restart asset purchases in March - This isn't a stimulative policy but rather helps match ...
Canada's central bank to cut its official interest rate by a half percentage point, while Australia increased rates 12 times since 2002. Accordingly, the move of Canada's central bank came just hours after the Reserve Bank of Australia raised its official cash-rate target by a quarter point....