economic conditions

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 […]

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 […]