7 h. ago Surprise September job gains dampen odds for Bank of Canada rate cut

OTTAWA — The Canadian labour market showed an unexpected hiring surge in September, but economists are mixed on whether the strength is enough to deter the Bank of Canada from cutting its policy rate again later this month. Statistics Canada said the unemployment rate held steady at 7.1 per cent in September as the economy […]

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10 h. ago ‘Jolted back to life’ jobs market shouldn’t stop Bank of Canada from cutting rates again, some economists say

Canada's economy gained 60,000 jobs in September but the unemployment rate held steady at 7.1 per cent

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9 d. ago Bank of Canada says ‘weaker’ economy led to September rate cut

The Bank of Canada said last month's rate cut was as the result of the country's weakening economy amid the trade war and removing most retaliatory tariffs.

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9 d. ago Weaker economy, end to some retaliatory tariffs spurred Bank of Canada cut: summary

A weakening economy and the removal of most retaliatory tariffs helped convince the Bank of Canada that a cut to its key policy rate was warranted. The Bank of Canada released its summary of deliberations on Wednesday from the meeting ahead of its Sept. 17 decision to cut its benchmark rate by a quarter-percentage point […]

Economics

2 w. ago Renewing your mortgage? What the Bank of Canada’s rate cut means for you

According to the Bank of Canada’s research, 60 per cent of all Canadian mortgages will be up for renewal in 2025 and 2026. What does the most recent rate cut mean for you?

Events

3 w. ago Banks cut prime rate to 4.70%, following Bank of Canada’s lead

Reduction takes effect Sept. 18

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3 w. ago Five key takeaways from the Bank of Canada’s rate cut decision

The Bank of Canada cut its benchmark interest rate by a quarter point on Wednesday, bringing it to 2.5 per cent after three straight holds. Governor Tiff Macklem said the central bank has shifted to worrying more about a slowing economy than high inflation. Here’s what we learned about the economy, inflation and more from […]

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3 w. ago What economists are saying about the Bank of Canada decision and the chance of further rate cuts

The Bank of Canada cut its benchmark interest rate to 2.5% on Wednesday

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3 w. ago Analysts See More Easing Ahead After Bank of Canada Cuts to 2.5%

The Bank of Canada cut its policy interest rate for the first time since March, matching the expectations of markets and many economists. With weak economic growth on the horizon and a tough outlook for job-seekers, several analysts believe the central bank isn’t done.

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3 w. ago Bank of Canada cuts key interest rate to 2.5% as U.S. tariff risks shift

OTTAWA — The Bank of Canada cut its benchmark interest rate by a quarter point on Wednesday as the central bank worries less about inflation risks and more about a slowing economy. The Bank of Canada’s policy rate now stands at 2.5 per cent, breaking a streak of three consecutive holds since March. Governor Tiff […]

Economics

3 w. ago Bank of Canada cuts interest rate to 2.5 per cent, the first cut since March

Economists largely expected the interest rate cut

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3 w. ago Bank of Canada widely expected to lower key lending rate today

OTTAWA — The Bank of Canada is set to announce its interest rate decision today, where it’s widely expected to lower its key lending rate. A quarter-point cut would bring the central bank’s benchmark rate down to 2.5 per cent after three consecutive holds at 2.75 per cent. The bank received a last-minute look at […]

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3 w. ago Economists unanimous on interest rate cut after latest inflation numbers

August’s core inflation numbers 'cemented' a rate cut by the Bank of Canada on Wednesday, says Scotiabank's Derek Holt

Economics

3 w. ago Will interest rates come down? The Bank of Canada is about to decide

The Bank of Canada is widely anticipated to cut interest rates on Wednesday after weak reports on unemployment and economic growth, as well as signs of cooling inflation.

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3 w. ago Bank of Canada to update interest rate this week and here's what to expect

Another Bank of Canada (BoC) interest rate announcement is coming this week, and it may be promising for Canadians.Canada's central bank held its key interest rate at 2.75 per cent for the third time this year in July amid "threats of new sectoral tariffs" and "unpredictable" U.S. trade actions.The Bank of Canada has made two 0.25 per cent cuts to its key interest rate so far this year, with the last one on March 12.Experts are predicting that the next rate cut may be coming in the crown corporation's interest rate reveal on Wednesday, Sept. 17.Ratehub.ca mortgage expert Penelope Graham says that weaker job data in Canada and the U.S. may give the Bank a compelling reason to deliver a 0.25-point rate cut this week."Evidence is mounting that tariffs are whittling economic strength, and that some stimulus will be needed in the short term," she explains. "The growing likelihood of a similar cut from the U.S. Federal Reserve also prov...

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