5 d. ago Bank of Canada considered waiting longer to cut interest rate, deliberations show

Soft labour market and tepid growth justified a cut, but there were differences of opinion about the timing

Other

5 d. ago Bank of Canada Mulled Delaying Cut Until After Carney’s Budget

Bank of Canada officials discussed delaying a rate cut until they had more details about Prime Minister Mark Carney’s budget and US trade policy.

Transport

1 week ago Bank of Canada planning to axe over 200 jobs as Carney trims government spending

The number of people working at the bank has surged in recent years up from approximately 1,800 in 2019 to 2,350 people at the end of 2023

Politics

1 week ago Bank of Canada to cut 10% of staff as Carney hunts for savings

The bank said it also committed to another five per cent reduction in 'corporate-level expenditures' by the end of 2028

Transport

1 week ago Carney’s budget means the Bank of Canada may have to cut interest rates again, says economist

Spending announced in the budget increases the deficit to nearly double its current size out to 2030

Transport

2 w. ago Weak GDP report unlikely to sway Bank of Canada to more rate cuts: economists

OTTAWA — The Canadian economy was showing more cracks in August, but most economists weighing in on the latest data say they don’t think the Bank of Canada will respond with more rate cuts anytime soon. Real gross domestic product declined 0.3 per cent in August and early signs suggest the economy barely managed any […]

Other

2 w. ago RBC, TD and National Bank cut prime rate to 4.45% following Bank of Canada’s lead

The prime rate will drop from 4.70% to 4.45%

Society

2 w. ago Bank of Canada raises the bar for any future rate cuts, economists say

'This will likely be the last rate cut of this cycle'

Other

2 w. ago Bank of Canada lowers key interest rate but signals cuts may be done

OTTAWA — The Bank of Canada cut its benchmark interest rate by a quarter point Wednesday and signalled it may be satisfied with where the policy rate sits amid ongoing U.S. trade uncertainty. The central bank’s key rate now stands at 2.25 per cent after a second consecutive cut. Bank of Canada governor Tiff Macklem […]

Other

2 w. ago Bank of Canada lowers key interest rate to 2.25% in second straight cut

OTTAWA — The Bank of Canada cut its benchmark interest rate by a quarter point Wednesday and signalled it may be satisfied with where the policy rate sits amid ongoing U.S. trade uncertainty. The central bank’s key rate now stands at 2.25 per cent after a second consecutive cut. Bank of Canada governor Tiff Macklem […]

Other

2 w. ago Bank of Canada cuts interest rates: Read the official statement

Cuts key interest rate to 2.25%

Other

2 w. ago Bank of Canada cuts interest rate to 2.25%, but signals this may be the end of easing

Central bank releases first economic forecast since January

Other

2 w. ago Bank of Canada cuts key interest rate to 2.25% in second straight drop

OTTAWA — The Bank of Canada cut its benchmark interest rate by a quarter point today and is signaling it may be satisfied with where the policy rate stands amid ongoing U.S. trade uncertainty.  The central bank’s key rate now sits at 2.25 per cent after a second consecutive cut.  Bank of Canada governor Tiff […]

Other

2 w. ago The Bank of Canada could cut rates again. It likely won’t help food prices

As many Canadians struggle with affording essentials like food, experts say an interest rate cut by the Bank of Canada could help consumers, but not as much for grocery prices.

Economics

3 w. ago Will Bank of Canada cut interest rates again this week? What economists say

Most economists expect the Bank of Canada to cut borrowing rates this week after mixed economic gauges on inflation and the job market.

Other

3 w. ago Bank of Canada expected to cut key rate despite mixed inflation, jobs data

OTTAWA — Most economists expect the Bank of Canada will look past strong jobs data and signs of stubbornness on the inflation front to deliver a second consecutive interest rate cut this week. BMO chief economist Doug Porter is among those expecting a second straight cut on Wednesday, but he admits recent economic data hasn’t […]

Economics

3 w. ago Bank of Canada can cut rates to 2.25% but more than that is doubtful with inflation sticky, economists say

Inflation hit 2.4 per cent in September, mostly due to a smaller decrease in gasoline prices and a rise in grocery prices

Economics

4 w. ago Bank of Canada’s business survey results leave ‘ample room to cut’ interest rates, economists say

Here's how economists see the central bank reacting after its business outlook survey saw more firms planning for a recession

Economics