Central bank considered smaller rate cut in October before settling on half point reduction
That’s according to the central bank’s summary of deliberations released Tuesday, which details the governing council’s ...
Canada's economy likely missed central bank's third quarter growth forecast
Canada's gross domestic product was unchanged in August before likely expanding by 0.3% in September, data showed on Thursday ...
Money Metals Exchange12d
Gold Gone AWOL? The Curious Case of Foreign Central Banks’ Gold Stored in Canada
With gold re-establishing itself as the leading monetary reserve asset for central banks worldwide, the quantities of ...
Bank of Canada says it is starting to see impact of recent rate cuts
The Bank of Canada will be able to cut interest rates again to support demand and keep inflation on target if the economy ...
Global News on MSN10d
Bank of Canada worried jumbo rate cut would send sign of ‘economic trouble’
COVID-19 pandemic. That oversized step brought the policy rate down to 3.75 per cent. But a summary of the governing ...
The Canadian Press on MSN7d
Canada’s unemployment rate holds steady at 6.5% in October, economy adds 15,000 jobs
The Canadian job market posted another weak hiring month in October as employers added a modest 15,000 jobs, but economists ...
Canada Weak Job Gains Keep Bigger December Cut a Toss-Up
Canada’s economy eked out a small employment increase, underscoring an ongoing labor-market softness that had already ...
Reuters23d
Canada central bank officials speak after rate cut
TORONTO, Oct 23 (Reuters) - The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75%, its first bigger-than-usual move in more than four years, and hailed signs ...
Bank of Canada Half-Point Cut Triggered Worries Over Rate Expectations, Minutes Say
Some governing-council members expressed concern that the cut could lead to assumptions that the policy interest rate would ...
Bank of Canada would be ‘justified’ cutting rates by half a point. Here’s why
The Bank of Canada is set for another interest rate decision on Wednesday. Here's how economists view the odds of another rate cut, and how much the policy rate could drop.
Bank of Canada had ‘strong consensus’ for October’s half-point rate cut
Members felt confident inflation pressures would continue to subside, according to a summary of rate-decision deliberations ...
Rate Cuts to Soften Blow From Higher Mortgage Payments, Bank of Canada Official Says
Interest-rate cuts will gradually spur households in Canada to pick up spending once the impact from sharply higher mortgage ...