Bank of Canada Lowers Interest Rates 25-Basis Points
Digest more
The quarter-point reduction marks a return to policy easing since March, as central bank warns that resilience amid tariff risks is beginning to fade.
Interest rate cut could bring new homebuyers back into the market, Home of the Week and more top real estate stories: Canadian real estate news for the week of Sept. 19 Home of the Week, 347036 Mono Centre Rd., Mono, Ont. MITCHELL HUBBLE/Modern Movement Creative
Canada's benchmark stock index ended slightly higher on Wednesday, helped by gains for consumer discretionary shares, as the Bank of Canada and the Federal Reserve resumed cutting interest rates.
The Bank of Canada (BoC) is widely anticipated to reduce its benchmark interest rate by a quarter percentage point on Wednesday, taking it to 2.50% after three consecutive ‘on hold’ decisions. The chances of the BoC resuming its easing cycle have increased due to weak growth, a soft labour market, and relatively controlled inflation.
TORONTO (Reuters) -Canada's annual inflation rate rose 1.9% in August as petrol prices on a yearly basis fell at a slower pace than the previous month and food prices were up slightly, data showed on Tuesday. DEREK HOLT, VICE PRESIDENT OF CAPITAL MARKETS ECONOMICS AT SCOTIABANK