Bank of Canada
The Bank of Canada made its second consecutive interest rate cut on Wednesday, lowering its policy rate by a quarter of a percentage point to 4.5 per cent. Governor Tiff Macklem emphasized the central bank's concern about the risk of high interest rates slowing the economy and
Bank of Canada
The Bank of Canada is anticipated to decrease its overnight lending rate for the second consecutive time on Wednesday, a move driven by a weaker-than-expected economy, including a rapidly increasing unemployment rate. The unemployment rate has risen by 1.6 percentage points since the depths of the COVID-19 pandemic, reaching
Bank of Canada
As the latest Statistics Canada inflation report showed annual inflation cooling to 2.7 per cent in June, economists and market watchers are betting on another interest rate cut from the Bank of Canada. The report's lukewarm inflation reading has boosted market confidence that the central bank may
Bank of Canada
The Bank of Canada is expected to follow up on its rate cut last month with another quarter-point reduction in interest rates, with inflation moderating and economic growth remaining sluggish. The central bank's easing cycle has helped rebalance the economy, cool the housing market, and reanchor consumer prices,
Bank of America Corp.
Canadian Consumer Price Index (CPI) inflation rose to 2.9% year-over-year (yoy) in May, surpassing expectations, driven by higher prices in travel-related services and cellular services. However, analysts at Bank of America expect economic weaknesses and potential core inflation softening to influence the Bank of Canada's decision to
