interest rate decision

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 […]

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 […]

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 […]