#bank-of-canada

#bank-of-canada

Consumer price index in Canada dropped to 2.7% in April, driven by slower food price growth. [ more ]

The Bank of Canada is considering cutting interest rates as inflation slows down, impacting the housing market positively. [ more ]

Bank of Canada maintains 5% interest rate for the sixth consecutive time.

Expectations of the first rate cut during the June 5 meeting. [ more ]

Bank of Canada considers cutting interest rates this year, but officials disagree on timing

Members of governing council have varying views on conditions and timeline for interest rate cuts [ more ]

Bank of Canada maintains key interest rate at five percent.

Inflation expected to stay close to three percent before slowly easing. [ more ]

The Bank of Canada has left its key overnight lending rate unchanged at five percent, citing concerns about underlying inflation and the need to maintain elevated rates.

Economists expect the central bank to start lowering interest rates by the summer, with predictions of a quarter-point cut in June and a total of 150 basis points in cuts by the end of the year. [ more ]

The Bank of Canada has decided to keep its benchmark interest rate steady at five percent.

The bank has been signaling that it may be nearing the end of its rate hiking cycle due to a slowdown in the Canadian economy. [ more ]

Desjardins Securities predicts that the Bank of Canada will need to cut its policy rate faster and deeper than financial markets expect due to a drag on spending from pending mortgage renewals.

Desjardins economist Royce Mendes forecasts that the BOC will cut interest rates by 1.5 percentage points in 2024 to 3.5%, and to 2.25% in 2025.

Canada will struggle to achieve above-trend growth until 2027 due to the impact of mortgage renewals on household consumption. [ more ]

The first Canadian coins featuring the face of King Charles were unveiled in Winnipeg on Tuesday.

The mint showcased the image of the monarch that will appear on one side of all its coins, replacing the image of the late Queen Elizabeth II.

The federal government directed the mint and the Bank of Canada to replace the image of the late Queen with one of the King on coins and on the $20 bill. [ more ]