BoC rate decision

• Bank of Canada keeps key rate at 0.25%, sees ‘slow and choppy’ recovery ahead

  After a strong initial bounce-back, the rest of the economic recovery to be prolonged and uneven, Canada's central bank predicted.

  Money

  Sep 9, 2020
• Bank of Canada keeps key rate at 0.25%, sees 7.8% GDP drop this year

  Canada's central bank said its forecasts could be thrown off significantly if there is a second wave of novel coronavirus pandemic.

  Money

  Jul 15, 2020
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• Several banks follow Bank of Canada, cut interest rates amid coronavirus concerns

  The move comes as no surprise, but will it help?

  Money

  Mar 4, 2020
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• Federal Reserve cuts rates in emergency move to stem coronavirus impact

  The move comes afer the G-7 group of major industrialized countries said Tuesday it would use "all appropriate tools" to shore up the global economy.

  Money

  Mar 3, 2020
• Bank of Canada rate cut increasingly likely amid coronavirus fears, economists say

  The move could come as early as the central bank's next meeting on March 4, some analysts say.

  Money

  Mar 2, 2020
• Bank of Canada holds rate at 1.75%, says Canada’s ‘resilience’ will be ‘tested’

  Unlike other advanced economies, Canada is not cutting interest rates just yet. But our resilience in the face of a slowing global economy will be 'increasingly tested,' the central bank said.

  Money

  Oct 30, 2019
• Bank of Canada holds key interest rate at 1.75%, downgrades economic forecast

  In its announcement today, the central bank removed any mention of a need for future interest rate increases.

  Money

  Apr 24, 2019