10/23/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75%, its first bigger-than-usual move in more than four years, and hailed signs the ... More

Bank of Canada slashes rates, says monetary policy has worked

  10/7/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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An ex-member of the Bank of Canada’s governing body said officials should cut borrowing costs by half a percentage point later this month.

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Former Bank of Canada Official Sees Jumbo Rate Cut in October

  10/1/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Markets are increasingly betting on the Bank of Canada delivering a 50-basis point rate cut during its October 23 policy decision, with the odds now sitting at around 53%

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Mortgage Digest: 50% odds of a 50-bps October rate cut, experts say

  9/12/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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One of the country’s biggest lenders says the Bank of Canada will accelerate the pace of monetary easing in order to stave off recession.

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Bank of Canada to Start Jumbo Rate Cuts by December, CIBC Says

  9/4/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada has cut its policy rate by a further 25 basis points in its September decision, marking a third consecutive move to bring rates lower.

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Bank of Canada makes third rate cut in a row

  8/20/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say.

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Inflation eases further in July: Bank of Canada poised for rate cut

  8/8/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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TD, CIBC and BMO have led the way with their revised forecasts, with all now expecting the Bank of Canada to cut interest rates faster and deeper over the next 16 months.

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The Big Banks are slashing their interest rate forecasts

  8/3/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Markets are betting the Bank of Canada will cut at each of its remaining interest rate decisions this year as the labor market in the U.S. looks to be loosening faster than ... More

Bank of Canada seen cutting rates faster after weak U.S. jobs data

  7/26/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Borrowers may have welcomed recent rate cuts from the Bank of Canada, but TD Bank and CIBC predict an additional 175 bps cut by the end of 2025, lowering the overnight rate to ... More

Will the Bank of Canada deliver another 175 bps in rate cuts? TD and CIBC say yes

  7/24/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday, the second straight reduction in the central bank’s easing cycle.

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Bank of Canada cuts key interest rate to 4.5% with hints of more to come

  7/16/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Experts speculate the Bank of Canada may cut rates next week following a larger-than-expected slowdown in the country’s inflation rate in June.

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Inflation report

  6/23/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Economists are forecasting inflation slowed further in May, which would be welcome progress for the Bank of Canada after it cut its key lending rate for the first time in four ... More

Economists say BoC could cut interest rates again in July if inflation keeps cooling

  6/5/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic.

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Bank of Canada cuts key rate for first time in more than 4 years

  5/30/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada will trim interest rates to 4.75% on June 5, according to three-quarters of economists in a Reuters poll which showed three further cuts this year, with the ... More

BoC to cut interest rates on June 5, three further times this year: Poll

  5/21/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Canada's headline inflation rate continued to ease in April, leaving the door open to a Bank of Canada rate cut next month.

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June rate cut still a

  5/2/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Economic stagnation prompts the Bank of Canada to plan a rate cut in June, contrasting with the US Federal Reserve's strategy

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Bank of Canada set for June rate cut, diverging from Fed

  4/30/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Canada’s quarterly gross domestic product edged up 0.2% in February, suggesting the Bank of Canada may have a reason to cut rates in the summer.

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Canada's latest GDP figures may prompt Bank of Canada summer rate cut: Economists

  4/10/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada (BoC) today announced its key interest rate decision, electing to hold rates steady at five per cent.

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Bank of Canada announces key interest rate decision

  4/8/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada is widely expected to keep its key overnight rate on hold Wednesday, as it gathers more evidence of cooling inflation before delivering its first interest ... More

Bank of Canada to keep rates on hold this week, first cut seen as early as June

  4/3/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Economists question their forecasts as inflation expectations challenge anticipated rate cuts

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Inflation expectations cast shadow on BoC's rate decision

  3/19/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Economists widely expect central bank to start cutting rates in June

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Inflation metrics give BoC room to talk cuts

  3/19/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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'I hope they're not tepid,' says expert about BoC's upcoming decisions

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Is it time for aggressive rate cuts?

  3/9/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada elected to hold interest rates steady at 5 per cent.

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Bank of Canada makes interest rate decision

  3/4/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate ... More

Bank of Canada expected to hold interest rates this week as grey cloud hangs over economy

  2/20/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Canadian consumer prices eased at the start of this year, with progress on underlying pressures likely to give the Bank of Canada more room to start considering rate cuts in ... More

Inflation slows more than expected in January

  2/9/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Today's employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the ... More

2024 rate-cut forecasts being revised following today's mixed-bag jobs report

  2/5/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Despite push-back from the Bank of Canada against aggressive rate-cut predictions, a majority of influential economists and analysts still expect rates to start falling by ... More

Market participants still expect the first Bank of Canada rate cut in April

  1/31/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Canada’s economy outperformed growth expectations to end the year, which means the Bank of Canada could feel less pressure to start cutting rates in the near term, ... More

Bank of Canada's rate-cut timing uncertain as economic growth beats expectations

  1/24/2024 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada has left its policy rate unchanged in its first announcement of the year, keeping rates where they are for a fourth straight decision but giving little ... More

Bank of Canada reveals first rate decision of 2024

  12/15/2023 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada’s top official said policymakers will consider cutting interest rates when inflation is “clearly” on a path to the two per cent target, but ... More

Bank of Canada's Macklem says 'too early' to consider rate cuts
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