Bank of Canada

News related to the Bank of Canada, its officials, and various policy changes and implications.

Strong U.S. inflation could delay rate cuts on both sides of the border

April 10, 2024 No Comments

While the Bank of Canada left its benchmark rate unchanged as expected today, markets instead turned their attention to today’s hot U.S. inflation report.

Economists rule out rate cut this week, but all eyes on BoC statement and forecasts

April 8, 2024 No Comments

The Bank of Canada is widely expected to leave interest rates unchanged this week for the sixth straight meeting.

What the latest GDP figures mean for the Bank of Canada’s rate cut timing

March 28, 2024 No Comments

Canada’s stronger-than-expected GDP growth in January could pose a challenge for the Bank of Canada, potentially complicating the timing for its anticipated interest rate cuts.

Bank of Canada’s Governing Council divided over timing of future rate cuts

March 20, 2024 No Comments

While conditions for rate cuts are expected to materialize over the course of the year, the Bank of Canada itself appears divided over when exactly these conditions will be met.

Economists predict June rate cut as inflation continues to ease

March 19, 2024 No Comments

Today’s lower-than-expected inflation reading for February has bolstered confidence that the Bank of Canada could initiate its first rate cut in June.

Tiff Macklem, governor of the Bank of Canada, speaks during an event at the Toronto Region Board of Trade in Toronto

“Still too early” to start cutting rates, says BoC’s Macklem

March 6, 2024 No Comments

Following today’s decision by the Bank of Canada to leave interest rates on hold, Governor Tiff Macklem said plainly that it’s still too early to being

Rate cuts are on the way, but not this week, economists say

March 5, 2024 No Comments

Economists expect a more dovish tone from the Bank of Canada when it unveils its interest rate decision on Wednesday.

We could reach 2% inflation by this summer: National Bank

February 23, 2024 No Comments

Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full year sooner than the Bank of Canada’s own forecasts?
National Bank of Canada thinks so.

Unexpected inflation drop won’t hasten Bank of Canada’s rate cut plans, economists say

February 20, 2024 No Comments

The Bank of Canada is still likely to wait until mid-year before delivering its first rate cut, despite January’s downside surprise in inflation, economists say.

2024 rate-cut forecasts being revised following today’s mixed-bag jobs report

February 9, 2024 2 Comments

Today’s employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the year.

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