Canada, inflation and rate
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Bank of Canada to focus on risks before rate decision
The Governor of the Bank of Canada, Tiff Macklem, revealed that the Bank intends to shift its focus towards potential risks that may arise when making decisions regarding interest rates later this month.
OTTAWA (Reuters) - The Bank of Canada reduced its key policy rate to a three-year low of 2.5% on Wednesday, the first cut in six months, and said it would be ready to cut again if risks to the economy increased in coming months. The 25-basis-point cut ...
The Bank of Canada said last month's rate cut was as the result of the country's weakening economy amid the trade war and removing most retaliatory tariffs.
The Bank of Canada (BOC) is winding down its work on a retail central bank digital currency, according to an update on its website. The announcement did not mention a wholesale CBDC but emphasized that its research would continue. The Bank of Canada has ...
Borrowers increasingly looking to variable rates as they edge below their fixed counterparts, with prospect of more cuts to come
The Bank of Canada on Wednesday held its key overnight interest rate steady at 0.25%, as expected, and said the bounce-back in economic activity in the third quarter was looking to be faster than previously anticipated.