By The Canadian Press Posted Oct 23, 2024 2:00 am. Last Updated Oct 23, 2024 6:51 pm OTTAWA — The Bank of Canada claimed victory against high inflation on Wednesday as it delivered a supersized interest rate cut and signalled its policy rate will likely continue falling in the coming months. The half-percentage point interest rate cut marks the fourth … Read More
By The Canadian Press Posted September 3, 2024 2:24 pm. Last Updated September 4, 2024 2:14 pm.. The Bank of Canada may adjust the pace of interest rate cuts if warranted, governor Tiff Macklem said on Wednesday after announcing a third consecutive interest rate cut. The quarter-percentage-point reduction was widely expected by forecasters, given ongoing softness in the economy and … Read More
By The Canadian Press Posted Jul 24, 2024 2:00 am. Last Updated Jul 24, 2024 7:32 pm. The Bank of Canada cut its key interest rate for a second consecutive time on Wednesday, but warned the path back to two per cent inflation may be uneven and would ultimately determine the pace of future rate cuts The central bank says … Read More
By The Canadian Press Posted Jun 5, 2024 2:00 am. Last Updated Jun 5, 2024 1:39 pm The Bank of Canada marked a major turning point in its fight against inflation on Wednesday as it lowered its key interest rate for the first time in more than four years, making it the first central bank in the G7 to cut … Read More
By Nojoud Al Mallees, The Canadian Press Posted Apr 10, 2024 2:00 am. Last Updated Apr 10, 2024 10:37 am. The Bank of Canada could begin lowering its key interest rate as soon as its next decision, governor Tiff Macklem said after the central bank decided to hold it steady for now. “Yes, it’s within the realm of possibilities,” Macklem … Read More
By Nojoud Al Mallees, The Canadian Press Posted Mar 6, 2024 02:00:00 AM. Last Updated Mar 6, 2024 02:14:52 PM. The Bank of Canada brushed off questions about rate cuts as it held its policy rate at five per cent, arguing inflation is still too high to justify lower borrowing costs. Governor Tiff Macklem, who held a news conference after … Read More
By The Canadian Press Posted Mar 1, 2024 09:47:40 AM. Last Updated Mar 1, 2024 02:00:27 PM. Canada’s housing agency says it is ending the first-time homebuyer incentive program. Canada Mortgage and Housing Corp. says the deadline for new or updated submissions to the program is midnight eastern time on March 21. The plan was meant to help reduce monthly … Read More
By Nojoud Al Mallees, The Canadian Press Posted Jan 24, 2024 02:00:00 AM The Bank of Canada is turning its attention to when it may be able to start cutting interest rates, governor Tiff Macklem said Wednesday as he announced the central bank’s decision to hold its key rate at five per cent. “With overall demand in the economy no … Read More
By Martin MacMahon Posted Dec 5, 2023 07:37:36 AM. It’s been a rough couple of years for people with variable-rate mortgages, and many are watching to see what the Bank of Canada does with its key rate on Wednesday. The feeling from most economists is that the Bank of Canada will maintain its five per cent rate. “It’s far from … Read More
By Mike Lloyd Posted Oct 25, 2023 10:58:14 AM. Last Updated Oct 25, 2023 02:31:39 PM There’s no question it has been difficult for many Canadians to deal with aggressive interest rate hikes over the past year and a half, but it seems more likely there is light at the end of the tunnel. The Bank of Canada once again … Read More