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Bank Of Canada Cuts Rates
Bank of Canada cuts key interest rate to 3.75%
The Bank of Canada has lowered its key interest rate to 3.75 per cent, making a 50 basis-point cut for the first time since the COVID-19 pandemic.Before Wednesday, the rate stood at 4.25 per cent. Economists were expecting the central bank to go with a larger-than-usual cut,
A look at what people are saying about the Bank of Canada's rate decision
OTTAWA — The Bank of Canada cut its key policy interest rate by 50 basis points on Wednesday to bring it to 3.75 per cent (a basis point is equal to a one-hundredth of a percentage point). Here’s what people are saying about the decision:
Bank of Canada cuts rates, hails 'good news' on low inflation
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 country has returned to an era of low inflation.
Bloomberg L.P.
4h
What Economists and Investors Are Saying About Bank of Canada’s Rate Cut
The
Bank
of Canada
cut its overnight
rate
to 3.75% on Wednesday, its lowest level since December 2022. Here’s what ...
Burlington Post
20h
Bank of Canada lowers interest rate, much to the delight of homeowners and home buyers
Much like predicted, the
Bank
of Canada
has lowered its overnight lending
rate
for the fourth time in a row, to 3.75 ...
2h
Bank of Canada cuts interest rate by half point to 3.75%
In the meantime, the Bank of Canada’s policy rate remains in restrictive territory. According to its MPR, the neutral rate is ...
Toronto Star
20h
Bank of Canada cuts key interest rate to 3.75% as economy slumps
In an attempt to kick-start a sputtering economy, the
Bank
of Canada
is speeding up its
interest
rate
cuts. The ...
6h
on MSN
Canadian Dollar Falls Ahead of BOC Rate Decision
The Canadian dollar falls ahead of the Bank of Canada’s interest rate decision at 1345 GMT. There is much to suggest the BOC will accelerate the pace of interest-rate cuts with a 50 basis-point move, ...
7h
on MSN
TSX opens lower ahead of BoC policy decision
Canada's main stock index opened lower on Wednesday, hurt by mining stocks, ahead of the Bank of Canada's monetary policy ...
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