canadian economy and interest rates News and Articles | My Blog
Bank of Canada drops key interest rate
12/11/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Canada’s central bank has cut interest rates for the fifth consecutive time to 3.25 per cent as the country’s economy grows at a slower rate than projected.
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Hidden Bank of Canada clues point to another big cut: CIBC economists
11/22/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Various signs point to the Bank of Canada (BoC) cutting interest rates by another half percentage point in December, even if the bank hasn’t said so explicitly, CIBC ... More
Bank of Canada slashes rates, says monetary policy has worked
10/23/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75%, its first bigger-than-usual move in more than four years, and hailed signs the ... More
Former Bank of Canada Official Sees Jumbo Rate Cut in October
10/7/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
An ex-member of the Bank of Canada’s governing body said officials should cut borrowing costs by half a percentage point later this month.
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Mortgage Digest: 50% odds of a 50-bps October rate cut, experts say
10/1/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Markets are increasingly betting on the Bank of Canada delivering a 50-basis point rate cut during its October 23 policy decision, with the odds now sitting at around 53%
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Bank of Canada to Start Jumbo Rate Cuts by December, CIBC Says
9/12/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
One of the country’s biggest lenders says the Bank of Canada will accelerate the pace of monetary easing in order to stave off recession.
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Bank of Canada makes third rate cut in a row
9/4/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Bank of Canada has cut its policy rate by a further 25 basis points in its September decision, marking a third consecutive move to bring rates lower.
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Inflation eases further in July: Bank of Canada poised for rate cut
8/20/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say.
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Bank of Canada seen cutting rates faster after weak U.S. jobs data
8/3/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Markets are betting the Bank of Canada will cut at each of its remaining interest rate decisions this year as the labor market in the U.S. looks to be loosening faster than ... More
The Big Banks are slashing their interest rate forecasts
8/8/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
TD, CIBC and BMO have led the way with their revised forecasts, with all now expecting the Bank of Canada to cut interest rates faster and deeper over the next 16 months.
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Will the Bank of Canada deliver another 175 bps in rate cuts? TD and CIBC say yes
7/26/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Borrowers may have welcomed recent rate cuts from the Bank of Canada, but TD Bank and CIBC predict an additional 175 bps cut by the end of 2025, lowering the overnight rate to ... More
Bank of Canada cuts key interest rate to 4.5% with hints of more to come
7/24/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday, the second straight reduction in the central bank’s easing cycle.
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Inflation report "all but guarantees" a Bank of Canada rate cut next week: economists
7/16/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Experts speculate the Bank of Canada may cut rates next week following a larger-than-expected slowdown in the country’s inflation rate in June.
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Economists say BoC could cut interest rates again in July if inflation keeps cooling
6/23/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Economists are forecasting inflation slowed further in May, which would be welcome progress for the Bank of Canada after it cut its key lending rate for the first time in four ... More
Bank of Canada cuts key rate for first time in more than 4 years
6/5/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic.
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BoC to cut interest rates on June 5, three further times this year: Poll
5/30/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Bank of Canada will trim interest rates to 4.75% on June 5, according to three-quarters of economists in a Reuters poll which showed three further cuts this year, with the ... More
June rate cut still a "close call" despite lower inflation in April
5/21/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month.
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Bank of Canada set for June rate cut, diverging from Fed
5/2/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Economic stagnation prompts the Bank of Canada to plan a rate cut in June, contrasting with the US Federal Reserve's strategy
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Canada's latest GDP figures may prompt Bank of Canada summer rate cut: Economists
4/30/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Canada’s quarterly gross domestic product edged up 0.2% in February, suggesting the Bank of Canada may have a reason to cut rates in the summer.
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Bank of Canada announces key interest rate decision
4/10/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent.
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