Tag: Canadian economy
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What Experts Predict for the Dec 10 Bank of Canada Rate Announcement
The Bank of Canada’s next interest rate decision on December 10, 2025 is one of the most anticipated announcements of the year. After cutting the overnight rate to 2.25% in October, economists are now divided on whether the Bank will continue easing or pause to assess the economy. Most experts agree on one thing: a hold is now…
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Bank of Canada Cuts Interest Rates Again as U.S. Tariffs Shake Canadian Economy
The Bank of Canada has cut interest rates to 2.25%, its second consecutive drop, as U.S. tariffs and trade tensions weigh heavily on Canada’s economy.
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Bank of Canada Expected to Hold Rates at 2.75% This Wednesday- More Cuts Likely in 2025
Canada’s central bank is widely expected to hold interest rates at 2.75% this Wednesday, with economists predicting at least two more cuts before the end of 2025. According to a recent Reuters poll, over 75% of economists surveyed (20 out of 26) believe the Bank of Canada (BoC) will keep rates steady as it waits…
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Over Two Million Non-Permanent Residents Leave Canada by 2026 as Part of Its “Immigration Reset”
As part of its plan to curb population growth, the Canadian government has set a target to reduce the number of non-permanent residents (NPRs) over the next two years. This comes after a massive surge in immigration following the pandemic. Over two million non-permanent residents are expected to leave the country by 2026 as their…
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Federal Government Announces Two-Month GST Holiday to Address Economic “Vibecession”
Canada’s federal government is rolling out a temporary GST holiday to address what Deputy Prime Minister and Minister of Finance Chrystia Freeland has called a “vibecession.” This two-month tax break aims to ease the financial strain on Canadians while boosting consumer confidence. Starting December 14, the goods and services tax (GST) will be removed from…
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What the Latest U.S. Federal Reserve Rate Cut Could Mean for Canadians
With the U.S. Federal Reserve cutting interest rates once again, Canadians may feel some ripple effects across various aspects of the economy. As the Fed’s policies impact the U.S. economy, Canada often experiences a spillover effect due to the close economic ties between the two countries. Here’s how this rate cut might influence Canadians in…
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Don’t Rule Out a 75-Point Rate Cut: Bank of Canada Set for Big Decision
The Bank of Canada is set to make a major announcement on its overnight interest rate tomorrow, and most economists are predicting a significant cut. While a 50-basis-point reduction is the most likely outcome, some experts suggest that an even bigger cut—75 basis points—could be on the table. Could We See a 75-Basis-Point Cut? Avery…
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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…
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Bank of Canada Lowers Key Interest Rate to 4.25% Amid Slowing Inflation
The Bank of Canada has reduced its benchmark interest rate for the third time in a row, bringing the rate down to 4.25%. This decision, announced on September 4, 2024, reflects the central bank’s response to cooling inflation and growing concerns about economic growth. The widely anticipated quarter-percentage-point cut follows a series of interest rate…
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Bank of Canada Expected to Cut Interest Rate Wednesday September 4, With More Reductions Likely to Follow
On September 4, the Bank of Canada is widely expected to deliver its third consecutive interest rate cut as inflation continues to cool on both sides of the Canada-United States border. This move aligns with market expectations, which also anticipate the U.S. Federal Reserve to begin its own rate-cutting cycle later this month. Derek Holt,…
