Bank of Canada
Paul Beaudry, a former deputy governor of the Bank of Canada, has called for a 50-basis-point interest rate cut in the central bank's upcoming meeting on October 23. Beaudry believes that cutting rates would help boost household and business optimism, and would be a necessary step towards achieving
Bank of Canada
Bank of Canada Governor Tiff Macklem highlighted the central bank's focus on keeping inflation close to the 1-3% inflation-control band, amidst concerns about weak economic growth and a softening labour market. The recent interest rate cuts have been welcomed, but some analysts argue that more substantial reductions are
Bank of Canada
The Bank of Canada and the US Federal Reserve's aggressive interest rate hikes in 2022 seemed like a recipe for disaster, either fueling out-of-control inflation or sparking a painful recession. Instead, inflation has drifted down without a significant downturn, and interest rates have begun to fall. In August,
Bank of Canada
The Bank of Canada's central bankers want to see the economy grow at a rate above potential output to prevent inflation from undershooting their target. This shift in focus comes after years of trying to slow down the economy to curb price growth. According to a summary of
Bank of Canada
The Bank of Canada made its third consecutive rate cut on Wednesday, reducing the key overnight lending rate to 4.25 per cent. Governor Tiff Macklem stated that there was a "strong consensus" among central bankers for a quarter-percentage-point reduction, citing the need to get inflation down to
Bank of Canada
The Bank of Canada has once again reduced its benchmark interest rate, marking the third consecutive time it has taken this step. Governor Tiff Macklem stated that economic growth needs to pick up to prevent inflation from falling too much below the 2-per-cent target. The central bank reduced its policy
Bank of Canada
The Bank of Canada has delivered another interest rate decrease, with the policy interest rate falling to 4.25 percent. This decision marks the third consecutive rate drop since June, with the quarter-per-cent decline in the overnight rate taking effect. The move is attributed to slowing inflation, which has been
Bank of Canada
As the economy continues to slow down, the Bank of Canada has cut its key lending rate to 4.25 percent for the third consecutive time. This decision reflects the central bank's delicate balancing act between managing inflation and stimulating economic growth. Governor Tiff Macklem emphasized that the
Bank of Canada
The Bank of Canada is widely expected to lower its benchmark interest rate by a quarter percentage point to 4.25 per cent, as economists and investors predict a third consecutive rate cut. The central bank's decision is in response to tepid economic growth, rising unemployment, and declining
Bank of Canada
As high-profile strikes continue to unfold, Canadians are anxious about the potential for more price hikes. However, Armine Yalnizyan's three-part series aims to shed light on the connection between wage growth and inflation. While conventional wisdom suggests that wage growth should drive inflation, the data tells a different
Bank of Canada
As the Bank of Canada navigates the complexities of monetary policy, policymakers are becoming increasingly concerned about the economic growth outlook, rather than the inflation rate. In a recent summary of monetary policy discussions, the bank's governor, Tiff Macklem, and his team acknowledge that inflation has been declining
Bank of Canada
In a bid to mitigate the economic downturn, the Bank of Canada announced a second consecutive interest rate cut on Wednesday, dropping the benchmark rate to 4.5% from 4.75%. This move is a crucial step in normalizing borrowing and debt-servicing costs for Canadians, which skyrocketed in 2022 and
