Bank of Canada interest rate

2024 - 9 - 3

Bank of Canada’s Rate Cuts: Is Your Wallet Ready for the Rollercoaster?

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The Bank of Canada is set to cut interest rates, but what does that mean for your finances? Get the scoop and brace for impact!

As the Bank of Canada gears up for another potential interest rate cut, Canadians are eagerly tuning in to see how it might affect their wallets. With economists buzzing about a likely 25-basis point decrease on September 4, many are left wondering if this could be the start of a trend. Governor Tiff Macklem and his team face a cooling economy and declining inflation as they craft their strategy for what lies ahead. Should we expect a swift series of cuts or are we in for a slow burn?

The buzz around the Bank of Canada has grown louder, especially with speculation that this could escalate to a more significant cut of 50 basis points. Surely, every homeowner and aspiring homebuyer is clutching their coffee cups in anticipation! Yet amidst these financial jitters, it couldn't hurt to brush up on how economics works - because just like your uncle at Thanksgiving dinner, the conversation about interest rates can get a little rowdy.

Interestingly, while the loonie has been known to take a beating during rate cuts, recent trends show it holding strong. Karl Schamotta of Corpay pointed out that the loonie rally might defy expectations, pointing to a surprising resilience in the currency markets. This has some economists raising eyebrows and merits a deeper look behind the dollar smile dynamic – can the loonie really withstand the storm?

As speculation mounts, economists from Canada's Big Five banks are all in agreement on a rate cut, further complicating the rich tapestry of financial forecasts. With many predicting a downward trend in rates persisting into 2025, now might just be the best time to assess your financial strategy. And just like a game of Jenga, the stakes are high – one wrong move and you could lose it all!

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Image courtesy of "Globalnews.ca"

The Bank of Canada is expected to cut rates again, with U.S. Fed on ... (Globalnews.ca)

The Bank of Canada and U.S. Federal Reserve are both gearing up for interest rate decisions. Here's what economists expect from governor Tiff Macklem this ...

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Image courtesy of "Financial Post"

Posthaste: Odds of a half-point Bank of Canada cut are rising, say ... (Financial Post)

Bank of Canada is expected to continue cutting its interest rate, but how quickly the rate comes down is open to debate. Find out more.

Bank Of Canada Expected To Cut Interest Rates At Sept. 4 Meeting (Baystreet.ca)

The Bank of Canada is widely expected to further lower interest rates by 25-basis points at its next policy meeting scheduled for Sept. 4.

Bank of Canada expected to cut interest rates - Hardlines (Hardlines)

The Bank of Canada will lower its benchmark interest rate tomorrow by a quarter of a percentage point to 4.25 percent, according to the consensus of ...

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Image courtesy of "Mortgage Professional America"

Will the Bank of Canada's rate cut spree continue this September? (Mortgage Professional America)

The Bank of Canada is gearing up for a series of interest rate cuts starting in September, driven by signs of a cooling economy and declining inflation.

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Image courtesy of "SaltWire Network"

Bank of Canada expected to cut interest rate Wednesday with no ... (SaltWire Network)

Economists predicting cuts at every meeting for the remainder of the year and into 2025.

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Image courtesy of "Wealth Professional"

Economists expect BoC rate cut this week, could it be a big one? (Wealth Professional)

The Bank of Canada will be making another decision on interest rates on Wednesday, and there is speculation that it will opt to cut by 50 basis points, ...

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Image courtesy of "Financial Post"

Bank of Canada expected to cut interest rate Wednesday with no ... (Financial Post)

Bank of Canada is widely expected to cut its policy rate by 25 basis points on Wednesday. Find out more.

CAD/USD: Loonie Rally Defying Bank of Canada Rate Cuts to Persist (Bloomberg)

When the Bank of Canada eases monetary policy and the economy slows, money managers usually brace for a weaker loonie.

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Loonie Rally That Defies Bank of Canada Rate Cuts to Persist (BNN)

Karl Schamotta, chief market strategist with Corpay, joins BNN Bloomberg for a closer with the currencies following the dollar smile dynamic. (Bloomberg) -- ...

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Image courtesy of "Storeys"

Every Big Bank's Stance On Tomorrow's Interest Rate Announcement (Storeys)

Economists with Canada's 'Big Five' banks are unanimously calling for an interest rate cut tomorrow, but there is some diversity in views when it comes to ...

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Bank of Canada set to make rate announcement tomorrow (InsideHalton.com)

The overnight rate is the starting point for setting many of the interest rates in the economy — which play a role in mortgage lending rates and bank borrowing ...

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Bank of Canada expected to cut key interest rate (CityNews)

By The Canadian Press and Hana Mae Nassar. Posted September 3, 2024 2:24 pm. Economists say the Bank of Canada is on track to cut interest rates Wednesday.

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Image courtesy of "CityNews Winnipeg"

Bank of Canada expected to cut key interest rate (CityNews Winnipeg)

Experts are widely expecting the Bank of Canada to lower its key policy rate by a quarter of a percentage point to 4.25 per cent on Wednesday.

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Image courtesy of "BNN"

Bank of Canada Seen Cutting Rates Again as Inflation Worries Fade (BNN)

Derek Holt, vice president and head of capital markets economics at Scotiabank, joins BNN Bloomberg to talk about the key drivers of inflation. (Bloomberg) -- ...

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Image courtesy of "Toronto Star"

Bank of Canada expected to cut key interest rate Wednesday to 4.25% (Toronto Star)

Economists widely expect the third consecutive rate cut amid falling inflation, rising unemployment and an economy that is 'struggling.'

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Image courtesy of "Powell River Peak"

Bank of Canada set to announce third consecutive interest rate cut ... (Powell River Peak)

OTTAWA — The Bank of Canada will announce its interest rate decision this morning as forecasters expect it to deliver another quarter-point rate cut.

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In the news today: BoC set to announce interest rate cut today (CKPGToday.ca)

Here is a roundup of stories from The Canadian Press designed to bring you up to speed... Bank of Canada set t...

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Bank of Canada set to announce third consecutive interest rate cut ... (Athabasca Advocate)

OTTAWA — The Bank of Canada will announce its interest rate decision this morning as forecasters expect it to deliver another quarter-point rate cut.

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Bank of Canada expected to trim interest rates by 25 bps in September (FXStreet)

Canadian Dollar started the month on the back foot vs. the US Dollar. Headline inflation in Canada dropped further in July. Swaps markets see around 36 bps of ...

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Image courtesy of "Yahoo Canada Finance"

Bank of Canada expected to cut again in interest rate ... (Yahoo Canada Finance)

The Bank of Canada is expected to cut rates for the third consecutive time when it makes it interest rate announcement today at 9:45 a.m. ET.

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Image courtesy of "The Globe and Mail"

Live updates: Bank of Canada lowers key interest rate to 4.25 ... (The Globe and Mail)

The latest interest rate decision will be followed by a press conference with Governor Tiff Macklem and senior deputy governor Carolyn Rogers, ...

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What Does Today's Bank Of Canada Interest Rate Announcement ... (Altus Group)

Key highlights · The Bank of Canada's (BoC) decision to lower its overnight lending rate by an additional 25 basis points today aligns with market predictions ...

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Image courtesy of "Wealth Professional"

Bank of Canada announces interest rates (Wealth Professional)

The Bank of Canada (BoC) has announced a cut to its policy interest rate. The cut of 0.25 per cent brings the BoC's rate down to 4.25 per cent.

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Image courtesy of "Powell River Peak"

Bank of Canada cuts key interest rate again, signals more cuts ahead (Powell River Peak)

OTTAWA — The Bank of Canada delivered its third consecutive interest rate cut Wednesday, bringing its key lending rate to 4.25 per cent.

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Image courtesy of "CTV News"

Bank of Canada cuts key interest rate to 4.25 per cent (CTV News)

Its key interest rate currently stands at 4.5 per cent and governor Tiff Macklem has signalled the bank will continue to cut interest rates, so long as ...

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Image courtesy of "CTV News"

Bank of Canada cuts key interest rate to 4.25 per cent (CTV News)

The Bank of Canada has cut its policy interest rate for a third consecutive time. Governor Tiff Macklem says if the economy continues to improve, ...

Bank of Canada reduces policy rate by 25 basis points to 4¼% (Bank of Canada)

Inflation in both regions continues to moderate. In China, weak domestic demand weighed on economic growth. Global financial conditions have eased further since ...

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Image courtesy of "Globalnews.ca"

Bank of Canada cuts key interest rate to 4.25% (Globalnews.ca)

The Bank of Canada is continuing to cut its benchmark interest rate, lowering the cost of borrowing as inflation increasingly looks to be under control.

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Image courtesy of "Athabasca Advocate"

Bank of Canada cuts key interest rate again, signals more cuts ahead (Athabasca Advocate)

OTTAWA — The Bank of Canada delivered its third consecutive interest rate cut Wednesday, bringing its key lending rate to 4.25 per cent.

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