BoC delivers jumbo interest rate cut, signals slower pace of cuts moving forward
Forecasters were widely expecting the jumbo interest rate cut after the November labour force survey showed the unemployment rate rose to 6.8%. Governor Tiff Macklem said in his prepared statement that the central bank opted for two large rate cuts in a row because economic growth doesn’t need to be restricted anymore.
BOC Delivers Another Jumbo Rate Cut But Signals Easing to Slow
After quickly chopping interest rates down from the highest levels in two decades, the Bank of Canada is pivoting to a more gradual pace of adjustments — pushing back on expectations of a rush to cheaper borrowing costs.
Toronto stocks rise on BoC's jumbo rate cut, US inflation data
Canada's main stock index rose on Wednesday, helped by mining shares, as investors cheered the Bank of Canada's hefty interest rate cut and the possibility of a U.S. rate cut next week. The Toronto Stock Exchange's S&P/TSX composite index was up 59.
BoC Rate Decision, U.S. Inflation Data To Set Up The Stage For Canadian Stocks
The Bank of Canada's interest rate decision and the post meet press conference, as well as U.S. inflation data, will set the trend
Stocks rise as US inflation data boosts rate cut hopes
US and European stock markets rose on Wednesday after inflation data cemented expectations that the Federal Reserve will trim interest rates next month.
TSX futures slip after previous session's gains driven by BoC rate cut
Futures tied to Canada's main stock index fell on Thursday after a rally in the previous session following the Bank of Canada ...
BoC to resume cautious approach to rate cuts next year: TD chief economist
TD Bank’s chief economist says the Bank of Canada is unlikely to make another 50-basis point (bps) cut to its overnight ...
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Why BoC cut caps a 'year of divergence' for Canada
The decision by the Bank of Canada to cut its overnight interest rate by another 50 basis points yesterday was largely ...
Resource shares help lift TSX as BoC slashes interest rates
Canada's main stock index rose on Wednesday, led by resource stocks, as investors cheered the Bank of Canada's latest ...
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MNI INTERVIEW: BOC Gradualism May Withstand Tariffs: CD Howe
The Bank of Canada's downshift to gradual rate cuts next year is justified even with the economy facing U.S. tariffs and a ...
RBA & BoC Worried About Trump’s Policies
The Reserve Bank of Australia (RBA) and the Bank of Canada (BoC) announced their monetary policy decisions this week, ...
Canadian Dollar Slumps With Yields on Bets for Big BOC Cut
Canada’s dollar weakened toward its worst closing level in almost five years and the nation’s bonds rose as a surging ...
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RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut
Canada's central bank slashed borrowing costs by a half point for the second meeting in a row Wednesday and officials ...
TSX opens higher ahead of BoC rate decision
Canada's main stock index opened higher on Tuesday, helped by technology shares, as investors assessed U.S. inflation data ...
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How will jobs numbers and CAD value impact the BoC's decision tomorrow?
Chief among Governor Tiff Macklem’s concerns will likely be the jobless numbers at a post-pandemic high, and the ...