The Bank of Canada (BoC) cut its overnight rate by 50 basis points, to 3.75%, while stating that it will continue with normalizing its balance sheet. With inflation having "declined significantly" over the last few months, the bank said it "expects inflation to remain close to the ...
OTTAWA, Jan. 26 (Xinhua) -- The Bank of Canada announced Wednesday it keeps its trendsetting interest rate steady at 0.25 percent, while projecting global GDP growth to moderate to about 3.5 percent in the next two years and vowing to achieve the 2 percent domestic inflation target. A state...
"The threat of tariffs, the slowing Canadian economy, the assertion by a former Bank of Canada governor that Canada is already in a recession, the highest unemployment rate in seven years (outside of Covid) and the lack of inflationary pressure gives the Bank of Canada carte blanche to pull...
The bank said it will also be considering when to end the reinvestment phase and allow its holdings of Government of Canada bonds to begin to shrink. The resulting quantitative tightening (QT) would complement increases in the policy interest rate. The timing and pace of further increases in th...
Introduction Various measures of the long-term real interest rate in Canada and elsewhere have shown a trend decline since the mid-1990s, a tendency that received increased atten- tion in the middle part of this decade when long-term nomi- nal and real interest rates in the United States ...
watching wildlife down below, as you gently climb towards the upper station located at 7,425 feet (2,263 m) above sea level. This family friendly ride on the Jasper SkyTram is the perfect experience for guests of all ages. Ride on the longest and highest guided aerial tramway in Canada....
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...
The Fed on Wednesday said it is maintaining the federal funds rate in a range of 5.25% to 5.5%. Still, most members of the Federal Open Market Committee are still projecting three rate cuts later in 2024, matching the bank's earlier forecast for the number of rate reductions this year, ...
Stay updated on Brazil's economic outlook with expert interest rate forecasts and insights for smarter financial decisions. View accurate economic data here.
The European Central Bank sees slightly stronger economic growth in the euro area this year, with its latest staff projections suggesting a 0.9.% annual growth rate in 2024, up from the 0.6% forecast announced in March. Its growth projection for 2025 was taken down from 1.5% previously to ...