Bank of Canada brings key interest rate to 3.25% in final major cut of the year
In its final major cut of the year, the Bank of Canada has lowered the policy interest rate from 3.75% to 3.25%.
Bank of Canada likely to reduce interest rate by 50bps
The Bank of Canada is poised to cut its key policy rate by another 50 basis points on Wednesday as weak unemployment numbers and poor growth underscore an economy that needs support, economists and analysts said.
Bank of Canada interest rate drop good news for mortgage holders
A major cut to the Bank of Canada’s key interest comes as welcome news to realtors and those holding variable rate mortgages – but it also signals a growing sense of uncertainty about the broader Canadian economy.
Bank of Canada lowers key interest rate by 0.5%
On Wednesday, the central bank announced a jumbo rate cut—its fifth cut in a row since June—and signalled a slower pace for future decreases.
Bank of Canada cuts interest rate by half a percentage point, highlights risk of Trump's tariffs
Canada’s central bank lowered its key interest rate by half a percentage point on Wednesday and called President-elect Donald Trump's threat to impose sweeping new tariffs on Canada “a major source of new uncertainty.
Ontario Premier Says US Energy Exports Will Be Cut off if Trump Imposes Sweeping Tariffs on Canada
The premier of Canada’s most populous says he will cut off energy to the United States if President-elect Donald Trump imposed sweeping tariffs on all Canadian products
Bank of Canada cuts rates by 50 bps, frets over possible Trump tariffs
The Bank of Canada slashed its key policy rate by 50 basis points to 3.25% on Wednesday and indicated that further cuts would be more gradual, a shift from previous messaging that continuous easing was needed to support growth.
Bank of Canada's rate cut gets a thumbs up from this mortgage broker
Mortgage broker Rasha Ingratta reacts to news that the Bank of Canada has slashed its benchmark interest rate by half a point. It was the fifth consecutive time the bank cut the rate.
Bank of Canada delivers jumbo interest rate cut, signals slower pace of cuts moving forward
The Bank of Canada lowered its key interest rate by half a percentage point but signalled a slower pace of rate cuts moving forward. The decision marked the fifth consecutive reduction since June and brings the central bank’s key rate down to 3.
Mortgage refinance demand surges 27% as interest rates drop for the third straight week
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) ...
Analysts rework interest rate cut forecasts for 2025
If you’ve been searching to buy a new home, car, or staring at your credit card balance wondering why it’s growing faster ...
Fed Leans Toward A December Interest Rate Cut
The Federal Open Market Committee is most likely to cut interest rates again on December 18 to 4.25% to 4.5%, according to ...
Citi Says It’s Time to Bet Against Rapid ECB Interest-Rate Cuts
Traders should wager on a slower pace of interest-rate cuts by the European Central Bank next year, according to Citigroup ...
This nugget of good news in hottish CPI inflation report may cement Fed interest-rate cut
Inflation has risen since the summer and raised anxiety at the Federal Reserve, but a welcome slowdown in housing costs could ...
What's the home equity loan interest rate forecast for December 2024?
The Federal Reserve is scheduled to meet December 17 and 18 and, if they change the benchmark rate, this will affect the ...
Interest Rate Forecast: How Much More Will the Fed Cut?
According to CME FedWatch, a popular interest-rate probability tracker, there’s an 88% chance of a 25-point rate cut. A similar tool from the Federal Reserve Bank of Atlanta predicts a rate cut of ...
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Interest rate for CPF's Special, Medisave and Retirement account falls to 4% next quarter
The interest rate for the Central Provident Fund's Special, Medisave and Retirement accounts will fall to four per cent in ...