The Bank Of Canada Maintains Its Interest Rate At 5 Percent, As Anticipated At a Glance The Bank of Canada has decided to keep its benchmark interest rate at five percent, as the Canadian economy shows signs of cooling. The bank has raised the rate 10 times since early 2022 to slow down runaway inflation … Read more
Market Participants Are Anticipating An Initial Rate Cut As Soon As April 2024 At a Glance A survey of economists and analysts conducted by the Bank of Canada shows that many expect the bank’s first rate cut to happen by April 2024. Respondents expect a 25 basis point cut in April, with rates falling by … Read more
The Bank of Canada 5% Rate Hold at a Glance The Bank of Canada has decided to keep interest rates unchanged for the second time in a row, but expressed ongoing concerns about inflation risks and price pressures. The overnight target rate remains at 5.00%, and the Bank acknowledged that monetary policy is effectively curbing … Read more