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Bank of Canada Cuts Rates
Top Bank of Canada officials speak after latest interest rate cut
Below are some key quotes from a news conference by Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers on Wednesday after the central bank cut its key policy rate by 25 basis points to 3%.
Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening
The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%.
Bank of Canada cuts key rate with ‘trade war storm’ on horizon
The quarter-point reduction marks a step down from the Bank of Canada’s moves to cut by an oversized 50 basis points in its two previous decisions.
7h
on MSN
Posthaste: CIBC economist warns tariffs not all that's muddying interest rate waters
But Canada’s economy is in a state of “excess supply,” according to the Bank of Canada governor, while the unemployment rate ...
15h
Affordable And Sustainable: Can Canada Solve Its Housing Crisis?
Rising costs, declining demand, and complex regulations are converging to create a growing obstacle to the development and ...
The Canadian Press on MSN
1d
Canada-U.S. interest rate gap widens, but BoC more focused on tariffs: experts
The gap in interest rate policies between Canada and the U.S. widened further as the Bank of Canada cut its key lending rate ...
1d
Canadian dollar dips as BoC rate cut adds to interest rate divergence
The Canadian dollar weakened against the greenback on Wednesday as the Bank of Canada's latest interest rate cut helped widen ...
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