Tag: July 2024

• 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

• 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

  Uncategorized

  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