Media Relations Ottawa, Ontario September 17, 2025 The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%. After remaining resilient to sharply higher US tariffs and ongoing uncertainty, global...
By Liezel Once Most economists now expect the Bank of Canada to cut its overnight rate by 25 basis points on September 17, with a Reuters poll showing consensus that weak job numbers and a slowing economy gave policymakers little alternative. Nearly 80% of economists surveyed by Reuters between September...
By Fergal McAlinden 08 Aug. 2025 Canada’s labour market took its biggest hit last month since the beginning of 2022, losing 40,800 jobs as trade tensions continue to cloud the economic outlook. Statistics Canada said on Friday that declines in full-time work helped spur a big – and unexpected...
Media Relations Ottawa, Ontario July 30, 2025 The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. While some elements of US trade policy have started to become more concrete in recent weeks,...
By Fergal McAlinden 27 Jun. 2025 Canada’s economy contracted slightly in April, spurred mainly by the biggest manufacturing-sector decline for four years – but this week’s sticky inflation figures mean the Bank of Canada may not have the green light to cut interest rates yet. Statistics Canada said on...
By Fergal McAlinden 24 Jun. 2025 Canada’s annual inflation rate was unchanged in May, holding steady at 1.7% – but analysts expect the Bank of Canada will need more conclusive signs of a sustained slowdown before cutting interest rates. Last month’s figures, revealed by Statistics Canada this morning, aligned...
By Fergal McAlinden Will the Bank of Canada keep rates on hold next week? Canada’s economy grew at a faster rate than expected in the first quarter, expanding by 2.2% in news that’s likely to keep the Bank of Canada in wait-and-see mode as it weighs up interest...
Gary Barnes Tariff fears kept home buyers on the sidelines in March for most of the province, but the Okanagan appears to be bucking the trend according to recent figures from the BC Real Estate Association (BCREA). The association reports that 5,917 residential sales were recorded in B.C. in March,...
Media Relations Ottawa, Ontario April 16, 2025 The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The major shift in direction of US trade policy and the unpredictability of tariffs have increased...