interest rate cuts

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 […]