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June inflation data could open door to 2nd Bank of Canada rate cutCanada’s central bank will get one final read of inflation figures Tuesday before it makes its next interest rate decision on July 24. As Anne Gaviola explains, economists predict a return to a cooling cost of living, fuelling hopes for another cut.Jul 15
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Canada’s inflation rate rose to 2.9% in May, what does that mean for the Bank of Canada?Canada’s inflation rate accelerated to 2.9 per cent in May from 2.7 per cent the previous month, driven by higher prices for services. Anne Gaviola has more on what’s stressing Canadian households and what this means for the country’s central bank and interest rate expectations this summer.Jun 25
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Interest rate cuts ‘reasonable’ to expect if inflation lines up with Bank of Canada’s expectations: MacklemSpeaking Monday in Winnipeg, Bank of Canada Gov. Tiff Macklem said that it is “reasonable” for Canadians to expect additional interest rate cuts if the economy and inflation evolve in line with the central bank’s expectations.CanadaJun 24
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Impacts of Bank of Canada rate cutThe Bank of Canada ended all the speculation and lowered interest rates Wednesday – the first decline in 4 years. It comes on the heels of a weak jobs report, which has everyone asking what’s next for interest rates? With more on this we bring in our financial analyst, Michael Campbell.Global BCJun 9
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Business Matters: Inflation data has big implications for Bank of Canada. Here’s what to expectThe Bank of Canada will be scrutinizing May inflation figures this week, as it gauges whether it can deliver back-to-back interest rate cuts. Anne Gaviola has this story and more in Business Matters for Monday, June 24, 2024.CanadaJun 24
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Bank of Canada drops key interest rate by 0.25%For the first time in four years, there has been a small drop in interest rates. As John Hua explains, it’s welcome news for people with variable mortgages and lines of credit.ConsumerJun 5
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Former Bank of Canada special advisor breaks down latest interest rate decisionAngelo Melino breaks down the Bank of Canada’s decision to drop its interest rate and how this intertwines with the latest Statistics Canada jobs report.Jun 8
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Bank of Canada delivers 1st interest rate cut since March 2020It’s the news that millions of Canadians have been waiting for. The Bank of Canada has ended their historic interest rate increase cycle, by cutting their key rate of the first time since the start of the COVID-19 pandemic. Our Mackenzie Gray visited the Bank of Canada Wednesday morning to break down governor Tiff Macklem’s...CanadaJun 5
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Bank of Canada announces surprise interest rate cut. What does it mean for your budget?The Bank of Canada has slashed the interest rate for the first time in four years, lowering it to 4.75%. Joining us this morning is money expert Rubina Ahmed-Haq to explain why the bank made this decision, what it means for families, and whether we can expect further reductions.The Morning ShowJun 6
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What does Bank of Canada’s 1st interest rate cute since 2020 mean for household budgets?The Bank of Canada lowered its benchmark interest rate by a quarter-percentage point to 4.75 per cent on Wednesday, marking a significant turning point in the central bank’s efforts to tame inflation. Anne Gaviola has more on what this means for household budgets and whether or not more rate cuts are likely in the cards...EconomyJun 5
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Will the Bank of Canada cut interest rates in June?Money expert Rubina Ahmed-Haq joins us to discuss Canada’s slowing inflation rate and the potential for interest rate cuts. She also delves into the U.S. lawsuit against Ticketmaster, the buzz around meme stocks, and shares essential safety tips for using Facebook Marketplace.The Morning ShowMay 24
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Inflation continues to cool in April. Is the Bank of Canada ready for rate cuts?The annual inflation rate slowed to 2.7 per cent in April, as cooling grocery price pressures offset higher fuel costs. Anne Gaviola has more on why this bolsters expectations for a Bank of Canada rate cut in June.CanadaMay 21
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Surprisingly strong April jobs report likely to ‘raise eyebrows’ at the Bank of CanadaThe Canadian economy added 90,000 jobs in April—significantly more than economists were expecting. As Anne Gaviola reports, labour market strength is likely to “raise eyebrows” at the Bank of Canada as it ponders its next policy move in its battle to tame inflation.EconomyMay 10
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Canadian food banks on the brink: ‘This is not a sustainable situation’Food banks in Canada are being pushed to the brink with high demand and donations not keeping pace, and experts say it’s unsustainable. The last four years have been financially tumultuous for Canadians, with a global pandemic and rapidly increasing inflation leading to high grocery prices, more and more people are finding themselves unable to...CanadaApr 26
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Canada’s new ‘greenwashing’ ban faces challenges from industry and provincial leadersThe federal government in Canada has implemented new regulations targeting “greenwashing,” requiring companies to substantiate their environmental claims under the amended Competition Act. While environmental groups support the changes, opposition from industry and some provincial leaders persists. The new laws have caused concern in the energy industry and have been criticized for their vague nature....Global NationalJun 29
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Troubling Food Banks Canada Report on ‘Hidden Poverty’According to a recent Food Banks Canada report: up to 25% of Canadians are living below the poverty line. Richard Matern from Food Banks Canada joins Antony Robart to discuss these troubling findings, and what more can be done.Global News Morning TorontoJun 19
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1 in 4 Canadians living in hidden poverty: Food Banks Canada reportWhile Canada’s official poverty rate is roughly seven per cent, there are many more Canadians who cannot afford their basic needs than previously thought, according to a new report from Food Banks Canada. Heidi Petracek explains how the new numbers were tabulated, some of the simple things more people cannot afford, and what it means...Global NationalJun 18
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June interest rate cut didn’t revive Canada’s housing market, data showsDespite fears that June’s interest rate cut by the Bank of Canada would juice the housing market, the latest data shows that it wasn’t enough to ignite a flurry of activity… yet. Anne Gaviola has more on what it might take to revive real estate.CanadaJul 11
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Inflation cools to 2.7% in June, but grocery prices heat up again: StatCanStatistics Canada data shows that the annual rate of inflation slowed in June to 2.7 per cent, while renewed pressures are showing up at the grocery store once more. Anne Gaviola has more on why inflation is cooling and why expectations for another rate cut from the Bank of Canada are firming up because of...CanadaJul 15
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Steady home demand in Edmonton as people move to AlbertaRealtors in Edmonton say demand for homes stayed high throughout the spring and that’s continuing into the summer. But they haven’t seen the spike some expected after the Bank of Canada dropped its interest rate. Erik Bay has more on how interprovincial migration has affected the market.Global News Hour at 6 EdmontonJul 11