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bank of canada benchmark rate News and Articles | My Blog

Bank of Canada slashes rates, says monetary policy has worked

10/23/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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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


Five of six Canadian banks predict sharper rate cut as inflation slows

10/21/2024 | Posted in Interest Rates by Paul DeAdder

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Five of Canada's biggest banks are now expecting a larger-than-usual interest rate cut from the Bank of Canada after inflation numbers came in lower than anticipated.

... More


Rate cut showdown: 25 or 50 bps? Economists split on Bank of Canada's next move

10/11/2024 | Posted in Interest Rates by Paul DeAdder

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Strong employment results for September have tempered Bank of Canada rate cut expectations for later this month.

... 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

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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.

... More


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

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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.

... More


Interest rate cut welcome news for homeowners with variable-rate mortgages

9/5/2024 | Posted in Mortgage Interest Rates by Paul DeAdder

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Real estate experts say the Bank of Canada’s third consecutive interest rate cut is welcome news for variable-rate mortgage holders, but it could still be some time ... More


Bank of Canada makes third rate cut in a row

9/4/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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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.

... More


The Bank of Canada is expected to cut rates again, with U.S. Fed on deck

9/3/2024 | Posted in Interest Rates by Paul DeAdder

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The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United ... More


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

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Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say.

... More


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

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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


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

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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

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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.

... More


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

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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.

... More


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

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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 officials worry that rate cuts may overheat the housing market

6/19/2024 | Posted in Mortgages and Real Estate by Paul DeAdder

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The Bank of Canada’s top decision-makers expressed concerns before announcing this month’s interest rate cut, fearing that the rate relief could potentially ... 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

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The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic.

... More


Bank of Canada considered waiting until July to cut interest rates

6/19/2024 | Posted in Mortgages and Real Estate by Paul DeAdder

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The Bank of Canada's governing council thought about waiting until July to lower interest rates but ultimately decided to cut earlier, the central bank's summary of ... 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

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Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month.

... More


Bank of Canada set for June rate cut, diverging from Fed

5/2/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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Economic stagnation prompts the Bank of Canada to plan a rate cut in June, contrasting with the US Federal Reserve's strategy

... More


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

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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.

... More


Bank of Canada announces key interest rate decision

4/10/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent.

... More


Bank of Canada to keep rates on hold this week, first cut seen as early as June

4/8/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada is widely expected to keep its key overnight rate on hold Wednesday, as it gathers more evidence of cooling inflation before delivering its first interest ... More


Inflation expectations cast shadow on BoC's rate decision

4/3/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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Economists question their forecasts as inflation expectations challenge anticipated rate cuts

... More


Inflation metrics give BoC room to talk cuts

3/19/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

canadian-cash-money-503.jpg - Real Estate News

Economists widely expect central bank to start cutting rates in June

... More


Variable or short-term fixed mortgage? Where experts see the "sweet spot"

3/13/2024 | Posted in Mortgages and Real Estate by Paul DeAdder

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The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest ... More


Bank of Canada makes interest rate decision

3/9/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada elected to hold interest rates steady at 5 per cent.

... More


Bank of Canada expected to hold interest rates this week as grey cloud hangs over economy

3/4/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder

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The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate ... More


We could reach 2% inflation by this summer: National Bank

2/28/2024 | Posted in Interest Rates by Paul DeAdder

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Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full year sooner than the Bank of Canada’s own forecasts?

... More


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