Rate cut showdown: 25 or 50 bps? Economists split on Bank of Canada's next move
10/11/2024 | Posted in Interest Rates by Jessi Sandhu
Strong employment results for September have tempered Bank of Canada rate cut expectations for later this month. ...
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Former Bank of Canada Official Sees Jumbo Rate Cut in October
10/7/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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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Bank of Canada to Start Jumbo Rate Cuts by December, CIBC Says
9/12/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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 makes third rate cut in a row
9/4/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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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The Bank of Canada is expected to cut rates again, with U.S. Fed on deck
9/3/2024 | Posted in Interest Rates by Jessi Sandhu
The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United ...
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Inflation eases further in July: Bank of Canada poised for rate cut
8/20/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Inflation is continuing to ease, leaving the door open to another Bank of Canada rate cut in September, economists say. ...
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Bank of Canada seen cutting rates faster after weak U.S. jobs data
8/3/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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 ...
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Bank of Canada sees less risk of housing market overheating as demand softens
8/7/2024 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
The Bank of Canada sees less risk of housing market overheating due to affordability issues. ...
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Will the Bank of Canada deliver another 175 bps in rate cuts? TD and CIBC say yes
7/26/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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 ...
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Bank of Canada cuts key interest rate to 4.5% with hints of more to come
7/24/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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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Inflation report "all but guarantees" a Bank of Canada rate cut next week: economists
7/16/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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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Economists say BoC could cut interest rates again in July if inflation keeps cooling
6/23/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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 ...
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Bank of Canada officials worry that rate cuts may overheat the housing market
6/19/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Bank of Canada’s top decision-makers expressed concerns before announcing this month’s interest rate cut, fearing that the rate relief could potentially overheat ...
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Bank of Canada cuts key rate for first time in more than 4 years
6/5/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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 considered waiting until July to cut interest rates
6/19/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Bank of Canada's governing council thought about waiting until July to lower interest rates but ultimately decided to cut earlier, the central bank's summary of ...
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June rate cut still a "close call" despite lower inflation in April
5/21/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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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Bank of Canada set for June rate cut, diverging from Fed
5/2/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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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Canada's latest GDP figures may prompt Bank of Canada summer rate cut: Economists
4/30/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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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Fixed mortgage rates are rising. What's the deal?
4/18/2024 | Posted in Home Buyers by Jessi Sandhu
As variable-rate mortgage holders eagerly anticipate the Bank of Canada’s first rate cut, fixed rates are heading in the other direction: up. ...
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Bank of Canada leaves spring housing market in 'holding pattern'
4/10/2024 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
News not all bad as central bank signals possibility of rate relief in June ...
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Bank of Canada announces key interest rate decision
4/10/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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 to keep rates on hold this week, first cut seen as early as June
4/8/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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 rate ...
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Inflation expectations cast shadow on BoC's rate decision
4/3/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Economists question their forecasts as inflation expectations challenge anticipated rate cuts ...
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Inflation metrics give BoC room to talk cuts
3/19/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
Economists widely expect central bank to start cutting rates in June ...
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Variable or short-term fixed mortgage? Where experts see the "sweet spot"
3/13/2024 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest ...
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Bank of Canada makes interest rate decision
3/9/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
The Bank of Canada elected to hold interest rates steady at 5 per cent. ...
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Bank of Canada expected to hold interest rates this week as grey cloud hangs over economy
3/4/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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 cuts ...
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We could reach 2% inflation by this summer: National Bank
2/28/2024 | Posted in Interest Rates by Jessi Sandhu
Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full year sooner than the Bank of Canada’s own forecasts? ...
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Inflation slows more than expected in January
2/20/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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 the ...
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2024 rate-cut forecasts being revised following today's mixed-bag jobs report
2/9/2024 | Posted in Canadian Economy and Interest Rates by Jessi Sandhu
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 ...
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