The Bank of Canada (BoC) last raised its key interest rate to 5% on July 12, 2023, marking the first time since April 2001 that the rate had hit the 5% mark. Before that pause, a series of rate ...

This floating exchange rate allows for independent monetary policy that can be adapted to the needs of the Canadian economy. By summer 2024, inflation in Canada returned near the Bank ... Canada ...

“There are signs economic activity is gaining momentum as past interest ... how the bank might need to respond if tariffs are imposed.” The Bank of Canada cut its key policy rate by 25 basis ...

Craig Sebastiano is a personal finance writer based in Toronto. He was previously the managing editor at Ratehub.ca and has written about credit cards, mortgages, banking, investing and investment ...

As predicted, the Bank of Canada lowered its interest rate today. In the announcement, the key overnight lending rate dropped by a quarter per cent, bringing the rate to three per cent. A year ago, ...

OTTAWA — The Bank of Canada cut its key policy rate by 25 basis points on Wednesday, bringing it to three per cent. Here is the text of the central bank's decision: ...

TORONTO, Jan 29 (Reuters) - Below are some key quotes from a news conference by Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers on Wednesday after the central bank ...

Economists expect the Bank of Canada will lower its key interest rate by a quarter of a percentage point at its announcement on Wednesday. Kyle Benning has the details and more in Business Matters for ...

At Alterna Bank, GICs are called eTerm deposits. At a glance: With a history going back to 1817, this Big Six bank is the oldest in Canada ... to a few key numbers. The interest rate of the ...

The Bank of Canada has today cut its key lending rate 25 basis points to 3%, noting that US tariff threats are creating uncertainty for the economy. "The economy is expected to strengthen ...

OTTAWA - The potential for U.S. tariffs is clouding the economic outlook for the Bank of Canada as it delivered another interest rate cut, reducing its policy rate by a quarter-percentage point to ...