Automotive industry
Economists and markets predict the Bank of Canada will lower the policy interest rate by 25 basis points next Wednesday, despite inflation ticking up last month, as the unemployment rate remains too high and companies continue to hold back spending amid tariffs and economic uncertainty. The Canadian automotive industry and
Bank of Canada
The Bank of Canada cut its policy rate by 25 basis points to 2.5 per cent, amid concerns of a possible recession due to a significant drop in exports and a contraction in gross domestic product. The economic downturn, fueled by tariffs and uncertainty related to tariffs, has led
Bank of Canada
As the global trade environment continues to shift, the Bank of Canada's governing council was hesitant to cut interest rates further to support the Canadian economy, despite ongoing uncertainty from US tariffs. The Bank of Canada released detailed deliberations from its meetings in July, revealing that some members
Bank of Canada
The Bank of Canada has kept its policy rate steady at 2.75 per cent, a decision that was understandable given the recent resilience of Canada's economic performance. However, despite some positive indicators, cracks are emerging that suggest the economy's strong showing may not last. The
Bank of Canada
As the Bank of Canada's interest rate decision looms, Governor Tiff Macklem is facing a daunting task: charting a course that keeps the economy afloat while taming inflation. The central bank's policy rate stands at 2.75 per cent, and most economists expect a hold on
Bank of Canada
The Bank of Canada's Monetary Policy Report suggests that the bank's tight monetary policy has worked to reduce price pressures in the Canadian economy. However, the evidence shows that price stability was not restored by the bank's interest rate hikes, but rather by the
Bank of Canada
The Bank of Canada (BoC) made a 50-basis-point cut to its policy rate, bringing it down to 3.75%, in a move to support economic growth and keep inflation near its 2% target. This decision follows the central bank's shift in views on inflation risks, with Governor Tiff
Bank of Canada
The Bank of Canada delivered an oversized interest-rate cut on Wednesday, lowering the benchmark policy rate by half a percentage-point to 3.75 per cent, in an attempt to engineer a soft landing for the Canadian economy. This move follows a string of data showing that both inflation and economic
Bank of Canada
The Bank of Canada is expected to cut interest rates on Wednesday, but the question is how much. The market is forecasting a jumbo 0.5-percentage-point move, which would not be unprecedented in Canadian history. However, some experts argue that the central bank has been going too slow, and a
Bank of Canada
The Bank of Canada is anticipated to undertake a significant interest-rate reduction, potentially by half a percentage point, to a 3.75% policy rate, in response to the country's sluggish economic growth and concerns that inflation may fall below the central bank's 2% target. This move
Bank of Canada
The current economic landscape is showing alarming signs, with growth stalling and Canadians struggling to cope with high borrowing costs. A CIBC economist is calling for a drastic 75 basis point rate cut, citing the crippling effect of current interest rates on the economy. This stance is echoed by other
Bank of America Corp.
Canada's inflation rate declined to 1.6% in September, a significant drop from 2.0% in August, driven primarily by a 10.7% year-over-year decrease in gasoline prices. This marked the lowest annual inflation rate since February 2021. The decline in headline inflation was largely attributed to the
