Tag: borrowing costs

• Canadian Inflation Drops to 1.6% in September – A Big Rate Cut Might Be Coming

  

  In September, Canada’s inflation rate dropped to 1.6%, the lowest it’s been since February 2021. This decrease is mainly due to falling gas prices and is raising hopes that the Bank of Canada will cut interest rates to help boost the economy. Many economists are now predicting that at the Bank of Canada’s next meeting…

  Kaleylangille

  October 16, 2024

  Uncategorized

  bank of canada, BMO economist, borrowing costs, Canadian economy, Canadian inflation, consumer confidence, economic outlook, economics, economy, finance, inflation, inflation September 2024, inflation target, interest rate cut, interest rates Canada, interest-rates, mortgage rates, rate cut prediction, real estate market

• Bank of Canada Lowers Key Interest Rate to 4.5%

  

  The Bank of Canada announced a cut to its key interest rate this morning, reducing it by a quarter percentage point to 4.5%. This marks the second consecutive rate cut as the central bank responds to easing inflationary pressures and a weakening economic outlook. Bank of Canada Governor Tiff Macklem made the announcement during a…

  Kaleylangille

  July 24, 2024

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  bank of canada, borrowing costs, business spending, canada, Canadian economy, Canadian Press, central bank, consumer spending, economic forecasts, economic outlook, economic recovery, economics, economy, finance, financial news, financial planning, financial stability, GDP growth, housing market, inflation, inflation rate, inflation target, interest rate cut, July 2024, monetary policy, news, ontario housing market, ottawa, price pressures, rate decision, Tiff Macklem

• Bank of Canada Expected to Cut Rates This Week, Experts Say

  

  The Bank of Canada will announce its latest interest rate decision this Wednesday, with many experts predicting a second consecutive reduction in borrowing costs. Economic Signals and Market Predictions Anticipation is high as the central bank prepares to make its decision, especially with new surveys indicating that many Canadians burdened by debt are hoping for…

  Kaleylangille

  July 23, 2024

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  bank of canada, Benjamin Reitzes, BMO, borrowing costs, canada housing market, Canadian economy, Canadian mortgages, CD Howe Institute, consumer debt, core inflation, economic growth, economic indicators, economic outlook, economy, financial relief, fixed-rate mortgages, inflation, inflation data, inflation goal, interest rate cut, interest rate decision, interest-rates, Jeremy Kronick, July 2024, MNP Consumer Debt Index, monetary policy, mortgage rates, mortgage-rates, Ontario real estate, Tiff Macklem, variable mortgage payments