Bank of Canada Archives - Page 2 of 4

FILE PHOTO: The Bank of Canada building is pictured in Ottawa June 1, 2010. REUTERS/Chris Wattie/File Photo

Bank of Canada holds rates, says tariffs could cause deep recession

By David Brunnstrom, Promit Mukherjee, Reuters April 16, 2025

Reading Time: 3 minutes The Bank of Canada on Wednesday held its key policy rate at 2.75 per cent, its first pause after seven consecutive cuts, and said that the uncertainty around U.S. tariffs made it impossible to issue regular economic forecasts.

News, Reuters

Canada’s inflation surprisingly slows to 2.3 per cent in March

By Promit Mukherjee, Reuters April 15, 2025

Reading Time: 2 minutes Canada's annual inflation surprisingly slowed in March to 2.3 per cent, three notches below the prior month, largely helped by lower gasoline and travel tour prices, data showed on Tuesday.

News, Reuters

Canada’s inflation rate ticks down to 1.9 per cent in November

By Ismail Shakil, Promit Mukherjee, Reuters December 17, 2024

Reading Time: 2 minutes Canada's annual inflation rate unexpectedly dropped by a tick to 1.9 per cent in November, driven by a broad-based slowdown in prices, while the consumer price index was unchanged on a monthly basis, data showed on Tuesday.

News, Reuters

Canada’s jobless rate jumps to 6.8 per cent; bets up for 50 bps rate cut next week

By Reuters December 6, 2024

Reading Time: 2 minutes Canada's unemployment rate rose more than expected to 6.8 per cent in November, a near-eight-year high excluding the pandemic years, even as the economy added a net 50,500 jobs, data showed on Friday, boosting chances of a large interest rate cut next week.

Markets, News, Reuters

Canada’s inflation rate jumps back to two per cent, curbing large rate-cut bets

By Ismail Shakil, Reuters November 19, 2024

Reading Time: 2 minutes Canada's annual inflation rate accelerated more than expected to 2.0 per cent in October as gas prices fell less than the previous month, data showed on Tuesday, shrinking market bets for a bigger rate cut next month.

(File photo) Bank of Canada Governor Tiff Macklem takes part in a news conference, after cutting key interest rate, in Ottawa, Ontario, Canada July 24, 2024. REUTERS/Blair Gable

News, Reuters

Bank of Canada cuts rates, hails ‘good news’ on low inflation

By David Ljunggren, Promit Mukherjee, Reuters October 23, 2024

Reading Time: 2 minutes The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75 per cent, its first bigger-than-usual move in more than four years, and hailed signs the country has returned to an era of low inflation.

Bank of Canada Governor Tiff Macklem takes part in a news conference, after cutting key interest rate, in Ottawa, Ontario, Canada July 24, 2024. REUTERS/Blair Gable

News, Reuters

Canada’s inflation eases to 1.6 per cent, increasing chances of 50 bps rate cut

By Ismail Shakil, Promit Mukherjee, Reuters October 15, 2024

Reading Time: 2 minutes Canada's annual inflation rate slowed more than expected to 1.6 per cent in September, data showed on Tuesday, prompting markets to increase bets of a 50 basis point rate cut next week. The easing of inflation, which was mainly led by a huge drop in the price of gasoline, was the smallest annual increase in consumer prices since February 2021, Statistics Canada said.

The bank had held its benchmark rate at a two-decade high of 5 per cent for a year until June when it started the easing cycle. Photo: Getty Images

News

Bank of Canada cuts rate by 25 basis points

By Reuters September 4, 2024

Reading Time: 3 minutes The Bank of Canada has made another 25 basis point cut to its benchmark interest rate.

Markets, News

Bank of Canada cuts rates, sees weaker economy in 2024

By David Ljunggren, Promit Mukherjee, Reuters July 24, 2024

Reading Time: 3 minutes The Bank of Canada on Wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5 per cent, and said more reductions in borrowing costs were likely if inflation continued to cool in line with forecasts.

The Bank of Canada in Ottawa. (Video screengrab from BankofCanada.ca)

News

Bank of Canada interest rate cut to give some borrowers relief

Effects on financial markets likely to be muted says FCC economist

By Geralyn Wichers June 5, 2024

Reading Time: < 1 minute The Bank of Canada trimmed its key policy rate on Wednesday to 4.75 per cent from a 23-year high of five per cent. Inflation is now running at 2.7 per cent, above the central bank's two per cent target, but down from a high of 8.1 per cent in June 2022, Reuters reported.

Daily Network News

Health Canada stops sales of coccidiosis medication Deccox on procedural issue

Canadian cattle herd sees first annual increase since 2018

Olymel parent company sees increased earnings in 2025

Tag Archives Bank of Canada

Bank of Canada holds rates, says tariffs could cause deep recession

Canada’s inflation surprisingly slows to 2.3 per cent in March

Canada’s inflation rate ticks down to 1.9 per cent in November

Canada’s jobless rate jumps to 6.8 per cent; bets up for 50 bps rate cut next week

Canada’s inflation rate jumps back to two per cent, curbing large rate-cut bets

Bank of Canada cuts rates, hails ‘good news’ on low inflation

Canada’s inflation eases to 1.6 per cent, increasing chances of 50 bps rate cut

Bank of Canada cuts rate by 25 basis points

Bank of Canada cuts rates, sees weaker economy in 2024

Bank of Canada interest rate cut to give some borrowers relief

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