Tag: financial news

• 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,…

  Kaleylangille

  September 3, 2024

  Uncategorized

  bank of canada, CAD-USD exchange rate, Canada interest rate decision, Canadian dollar, Canadian economy, central bank, economic forecast, economic update, financial markets, financial news, housing market, inflation, inflation control, interest rate cut, interest rates, monetary policy, RBC, Scotiabank, Tiff Macklem, U.S. Federal Reserve

• 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

  Uncategorized

  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