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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,
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.
Bank of Canada cuts rates to 3.75%
The Bank of Canada has cut interest rates by half a percentage point to 3.75 per cent, in a bid to spur consumer spending and boost growth. The central bank’s move comes after Canada’s inflation fell below its 2 per cent goal,
BoC cuts rate by 50 bps
Toronto stocks fall; BoC cuts rate by 50 bps
Canada's main stock index slipped on Wednesday due to falling commodity stocks, as investors evaluated a half-point interest rate cut by the Bank of Canada and anticipated further reductions in the future.
Toronto Stocks Slide as BoC Cuts Rates; CN Rail Rises on Recovery Momentum
Toronto stocks were mildly lower Wednesday mid-session. The Bank of Canada cut its main interest rate by a half-point, to 3.75%, with the aim of giving the country's struggling economy a jolt of hefty stimulus with inflation returning to the 2% mark sooner than predicted.
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,
Bloomberg L.P.
8h
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 ...
The Globe and Mail
19h
Bank of Canada delivers half-point cut, bringing key interest rate to 3.75%
The
Bank
of Canada
's governing council lowered the benchmark
interest
rate
to 3.75 per cent from 4.25 per cent. This ...
Toronto Star
1d
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
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 ...
10h
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 ...
ca.investing.com on MSN
8h
TSX Composite starts in the red today; BoC rate decision in focus
Canadian equities started mixed on Wednesday after the monetary policy decision. The top losers were Capped Materials, Capped ...
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