U.S. trade ‘crisis’ will drive up prices, BoC warns after rate cut
The policy rate now stands at 2.75% after the central bank’s seventh consecutive rate cut. Later in the day, the country’s Big Six banks all announced they would decrease their prime rates, which are used to set interest rates on other loans, by a quarter-point to 4.95% from 5.20%, effective Thursday.
The Bank of Canada cut overnight interest rates by 25 basis points yesterday, lowering the banking system’s base rate to 2.75 ...
BCA Research strategist Chester Ntonifor offered a report outlining expectations for the Canadian economy, including a forecast that the Bank of Canada (BoC) is likely to reduce interest rates to 2% ...
Understanding why the BoC cut, the risks they've taken on, and what could motivate another jumbo cut at the next meeting ...
Futures tied to Canada's main stock index rose on Wednesday in the run-up to the Bank of Canada's interest rate decision ...
Bank of Canada (BoC) Governor Tiff Macklem discussed the central bank’s policy outlook and answered questions from the media after the BoC lowered its policy rate by 25 basis points to 2.75% at the ...
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