Bank of Canada

The Bank of Canada lowered its key interest rate by half a percentage point today but signalled a slower pace of rate cuts moving forward. The decision marked the fifth consecutive reduction since June and brings the central bank’s key rate down to 3.25 per cent. Forecasters were widely expecting the jumbo interest rate cut after the November labour force survey […]

On Wednesday morning, the Bank of Canada announced its interest rate is being reduced by 0.5 per cent to 3.75 per cent, the fourth time it has been cut this year. Futures Commodity Advisor with Ventum Financial Adam Pukalo shared his thoughts on the announcement.

Canada’s inflation rate fell to two per cent last month, finally hitting the Bank of Canada’s target after a tumultuous battle with skyrocketing price growth. The annual inflation rate fell from 2.5 per cent in July to reach the lowest level since February 2021. Statistics Canada’s consumer price index report on Tuesday attributed the slowdown […]

The Bank of Canada announced its interest rate decision this morning, and as forecasters expected the BOC delivered another quarter-point rate cut. Encouraged by slowing inflation, the central bank has lowered its policy rate at its last three meetings. Its key interest rate now stands at 4.25 per cent and Governor Tiff Macklem has signalled […]

Canada’s annual inflation rate fell to 2.5 per cent last month, matching forecasters’ expectations as price pressures continue to retreat. Tuesday’s consumer price index report says prices for travel tours, passenger vehicles and electricity helped drive the headline figure lower. Meanwhile, shelter costs are still the main driver of inflation as Canadians face significantly higher […]

A Future Commodity Advisor with Ventum Financial says the Bank of Canada’s decision to drop its benchmark interest rate shows the Central Bank maybe convinced that price pressures are under control, and are focused on a soft landing for the Canadian economy. The Bank reduced its rate to 4.5 per cent, the second consecutive decrease […]

The Bank of Canada cut its key interest rate for the second straight time, bringing its key rate down to 4.5 per cent. Forecasters say slowing inflation and a weak economy justified a second consecutive cut by the central bank. After a historic run-up, the central bank lowered its policy rate for the first time […]

Here is a roundup of stories from The Canadian Press designed to bring you up to speed… Interest rate cut possible this week: Economists Economists and market watchers are betting the Bank of Canada will deliver another interest rate cut this week amid mounting evidence that inflation is sustainably easing. Expectations that the bank will […]

Canada’s annual inflation rate fell to 2.7 per cent in June, with Statistics Canada largely attributing the deceleration to slower year-over-year growth in gasoline prices. In Saskatchewan inflation is at 1.4 per cent (1.5 the previous month.) Regina saw 1.4 per cent (1.5 previous month) with Saskatoon seeing a big bump, with the rate at 1.9 up […]

Here is a roundup of stories from The Canadian Press designed to bring you up to speed… Canada set to provide details on defence funding Canada is expected to provide more details about its plan to meet defence spending targets in an effort to quell concerns that have dogged the prime minister during this week’s […]