Financial markets and forecasters are betting on another jumbo interest rate cut from the Bank of Canada this week.
Odds of a Bank of Canada 50-basis-point cut Wednesday rose after jobs data showed the unemployment rate hit a seven-year high. Read more.
Futures markets are currently pricing in an 85% chance that Canada's central bank cuts interest rates by 50-basis points, or half a percentage point, in coming ...
This sharp rise in joblessness, despite stronger-than-expected payroll additions, prompted many analysts to revise their forecasts from a 25-bps cut to 50 bps.
Futures markets are currently pricing in an 85% chance that Canada's central bank cuts interest rates by 50-basis points, or half a percentage point, in coming ...
For the last interest rate announcement of 2024 โ slated for Wednesday, December 11 โ the questions is (once again) not will the Bank of Canada lower the ...
The Bank of Canada is gearing up for its final interest rate decision of 2024. Here's what role a flagging Canadian dollar might play in the central bank's ...
Finance industry analysts believe that the BoC will drop the overnight interest rate by either 0.25 or 0.5 per cent.
While many experts support a larger interest rate cut, others argue that the bank should take a more restrictive approach as the threat of inflation and a ...
Statistics Canada's latest job report tilted expectations in favour of a larger cut. The Friday report revealed the unemployment rate jumped to 6.8 per cent in ...
And after four straight interest rate cuts by the Bank of Canada over the last few months, another cut is anticipated when the announcement comes on Dec.