Bank of Canada

The Bank of Canada announced its interest rate decision this morning, and as forecasters expected the BOC delivered another quarter-point rate cut. Encouraged by slowing inflation, the central bank has lowered its policy rate at its last three meetings. Its key interest rate now stands at 4.25 per cent and Governor Tiff Macklem has signalled […]

Canada’s annual inflation rate fell to 2.5 per cent last month, matching forecasters’ expectations as price pressures continue to retreat. Tuesday’s consumer price index report says prices for travel tours, passenger vehicles and electricity helped drive the headline figure lower. Meanwhile, shelter costs are still the main driver of inflation as Canadians face significantly higher […]

A Future Commodity Advisor with Ventum Financial says the Bank of Canada’s decision to drop its benchmark interest rate shows the Central Bank maybe convinced that price pressures are under control, and are focused on a soft landing for the Canadian economy. The Bank reduced its rate to 4.5 per cent, the second consecutive decrease […]

The Bank of Canada cut its key interest rate for the second straight time, bringing its key rate down to 4.5 per cent. Forecasters say slowing inflation and a weak economy justified a second consecutive cut by the central bank. After a historic run-up, the central bank lowered its policy rate for the first time […]

Here is a roundup of stories from The Canadian Press designed to bring you up to speed… Interest rate cut possible this week: Economists Economists and market watchers are betting the Bank of Canada will deliver another interest rate cut this week amid mounting evidence that inflation is sustainably easing. Expectations that the bank will […]

Canada’s annual inflation rate fell to 2.7 per cent in June, with Statistics Canada largely attributing the deceleration to slower year-over-year growth in gasoline prices. In Saskatchewan inflation is at 1.4 per cent (1.5 the previous month.) Regina saw 1.4 per cent (1.5 previous month) with Saskatoon seeing a big bump, with the rate at 1.9 up […]

Here is a roundup of stories from The Canadian Press designed to bring you up to speed… Canada set to provide details on defence funding Canada is expected to provide more details about its plan to meet defence spending targets in an effort to quell concerns that have dogged the prime minister during this week’s […]

Quick Notes: National Consumer Price Index (CPI) 2.9% (May) 2.7% (April) Saskatchewan: 1.5% (May) 1.0% (April) Regina: 1.5% (May) 1.2% (April) Saskatoon: 1.5% (May) 1.4% (April) The annual inflation rate unexpectedly ticked higher in May, raising doubts about what the Bank of Canada will do when it makes its next interest rate decision in July in “bumpy and choppy” […]

Canada Mortgage and Housing Corp. says the annual pace of housing starts in May climbed 10 per cent compared with April, helped by gains in Montreal and Toronto. The housing agency says the seasonally adjusted annual rate of housing starts in May amounted to 264,506 units, up from 241,111 in April. The move came as […]

The Bank of Canada continued to hold its key interest rate at five per cent today and said it has begun to see the economic conditions necessary to lower interest rates. Governor Tiff Macklem says economic data since January has improved the central bank’s confidence that inflation will continue to slow, even as economic growth […]