Odds of Bank of Canada interest rate cut in March drop after jobs beat
Canada’s unemployment rate continues to decline, falling to 6.6 per cent in January as the economy created more jobs than economists expected. The economy added 76,000 positions, according to Statistics Canada’s latest labour force survey on Friday,
Bank of Canada likely to cut rates by 25bps, give tariff impact analysis
The Bank of Canada will most likely trim its key benchmark rate by 25 basis points this week and is widely expected to offer an analysis on the impact of potential U.S. tariffs, economists and analysts said.
Opinion
REAL ESTATE INSIGHTS: Bank of Canada’s latest rate drop: What it means for you
Here’s the simple version: When the Bank of Canada lowers interest rates, borrowing money and getting a mortgage, gets cheaper. The goal is to boost the economy by encouraging people to spend and invest, rather than sit on their savings.
Bank of Canada cuts interest rates: Read the official statement
Here’s the Bank of Canada’s official statement for its rate decision:
Bank of Canada cuts rates, says tariff war could be very damaging
The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 3%, cut growth forecasts and warned Canadians that a tariff war triggered by the United States could cause major economic damage.
Trump tariffs would push Bank of Canada to cut interest rates more this year, says BMO
U.S. President Donald Trump’s tariffs would push Canada’s economy into a recession and cause unemployment to surge, BMO’s chief economist said in a research note, likely pushing the Bank of Canada to cut its benchmark interest rate at its next six meetings through October.
Bank of Canada expected to cut interest rate by quarter point as tariff threat looms
The central bank’s interest rate currently sits at 3.25 per cent, the top-line of the bank’s neutral range. In December, Bank of Canada governor Tiff Macklem said policymakers would take a more “gradual approach” to reductions of the policy rate moving forward.
Bank of England cuts rates and growth outlook, sees inflation 'bump'
The Bank of England cut interest rates by a quarter-point and some policymakers wanted a bigger move to offset a slowdown, but the BoE said it would be careful about further moves in the face of an expected inflation spike and global economic uncertainty.
Bank of England Cuts Rates, Warns of Tariff Impact
The central bank responded to a troubling mix of stuttering economic growth, stubborn inflation and President Trump’s tariff threats.
Bank of England expected to cut rates amidst economic slump, inflation concerns
The Bank of England looks set to cut interest rates on Thursday for only the third time since just after the start of the COVID-19 pandemic in 2020, as it juggles the need to help the sluggish economy with still-strong inflation pressures.
Yen hits 8-week high; sterling drops after Bank of England rate cut
The yen touched an eight-week high versus the dollar on Thursday after a Bank of Japan policy board member advocated continued interest rate hikes, while sterling slid as the Bank of England cut rates.
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Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening
The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at ...
Bank of Canada cuts rates as it warns trade war 'would badly hurt economic activity in Canada'
“A long-lasting and broad-based trade conflict would badly hurt economic activity in Canada. At the same time, the higher ...
Bond Traders Add Wagers on Emergency Rate Cut by Bank of Canada
Traders of Canadian short-term interest rates have begun to price in meaningful odds of an emergency cut by the Bank of ...
Canada's unemployment rate drops again in January, job gains solid
Canada's unemployment rate unexpectedly fell again and the economy posted solid job gains, data showed on Friday, in signs ...