#bank-of-canada

#bank-of-canada

The Bank of Canada cut its key policy rate for the third time in response to easing inflation and weak economic growth.

Business and consumer sentiment improved despite higher interest rates.

Expectations of interest rate cuts are driving optimism for sales and economic outlook.

The Bank of Canada has trimmed its key policy rate by 25 basis points to 4.75 percent in response to improving indicators for underlying inflation.

Reflecting on the recent drop in inflation to 2%, Tiff Macklem underscores the need for the Bank of Canada to maintain this control.

The Bank of Canada governor recognizes the need to rebuild trust with Canadian households after interest rate hikes and messaging missteps.

The Bank of Canada has reduced its key interest rate to 4.25%, signaling a response to easing inflationary pressures.

Bank of Canada maintains 5% interest rate for the sixth consecutive time.

Expectations of the first rate cut during the June 5 meeting.

The Bank of Canada has reduced its key interest rate for the first time since March 2020.

Canada's unemployment rate has reached 6.6%, indicating a significant economic downturn.

The Bank of Canada cut its key interest rate to 4.5 per cent following a decrease in inflation rates.

The Canadian economy shows signs of improvement with job gains in September and a declining unemployment rate.

Growth needs to pick up to prevent inflation from falling too much.

The Bank of Canada has paused plans for a digital currency, focusing instead on evolving payment systems and research.

Canada is shelving its plans for a retail central bank digital currency but remains open to future developments based on public demand.

The Bank of Canada has decided to keep its benchmark interest rate steady at five percent.

The bank has been signaling that it may be nearing the end of its rate hiking cycle due to a slowdown in the Canadian economy.

The first Canadian coins featuring the face of King Charles were unveiled in Winnipeg on Tuesday.

The mint showcased the image of the monarch that will appear on one side of all its coins, replacing the image of the late Queen Elizabeth II.

The federal government directed the mint and the Bank of Canada to replace the image of the late Queen with one of the King on coins and on the $20 bill.

Desjardins Securities predicts that the Bank of Canada will need to cut its policy rate faster and deeper than financial markets expect due to a drag on spending from pending mortgage renewals.

Desjardins economist Royce Mendes forecasts that the BOC will cut interest rates by 1.5 percentage points in 2024 to 3.5%, and to 2.25% in 2025.

Canada will struggle to achieve above-trend growth until 2027 due to the impact of mortgage renewals on household consumption.