The BoC rate cut is a penalty for savers and a gift for people with variable-rate mortgages
The best defence for your finances in a trade war is having cash in savings accounts. But by lowering its overnight rate on ...
Bank of Canada3d
Bank of Canada reduces policy rate by 25 basis points to 2¾%
The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The Canadian economy entered 2025 in a solid position, ...
Transport Topics1mon
Bank of Canada Lowers Rates as Tariff Concerns Grow
Bank of Canada officials acknowledged that the economic uncertainty created by a potential trade battle supported their decision to cut interest rates last month. The central bank’s ...
Yahoo Finance1mon
Tariffs Weigh On Bank Of Canada’s Interest Rate Outlook
The threat of U.S. tariffs is weighing on the Bank of Canada’s outlook for the economy and future direction of interest rates, according to minutes from the central bank’s recent meeting. A ...
Wall Street Journal1mon
Bank of Canada Cut Rates to Shield Economy From Possible Trade Fallout, Minutes Say
OTTAWA—A need to fuel faster growth and shield the economy from U.S. trade-policy uncertainty led senior Bank of Canada officials ... Lower interest rates had helped boost both consumer demand ...
Canada’s Dollar Rises in Volatile, Trade-War Fueled Session
Canada’s dollar rose in a volatile session that saw trade war risks surge and then recede ahead of Wednesday’s Bank of Canada ...
The Globe and Mail3d
Bank of Canada interest rate decisions
The Bank of Canada's key interest rate is 3 per cent. When is the Bank of Canada's next interest rate announcement? The next interest rate announcement is March 12, 2025. What’s ...