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BoC cuts rates by quarter point, says tariffs would test economy’s resilience
The Bank of Canada cut rates by a quarter point on Wednesday and said it’s watching developments on tariffs.
Home sales rise 5.2% in 2024, still down from peak
CREA is calling for a ‘significant unleashing of demand in the spring of 2025,’ but for now, Canadian home sales remain below the 2021 peak.
Bank of Canada cuts interest rates by half percentage point
Governor Tiff Macklem cut borrowing costs at a fifth-straight meeting in Ottawa on Wednesday.
A good-looking story?
Governor Tiff Macklem lowered borrowing costs at a fourth-straight meeting of Governing Council in Ottawa on Wednesday.
Bank of Canada delivers 50 basis point rate cut
Governor Tiff Macklem lowered borrowing costs at a fourth-straight meeting of Governing Council in Ottawa on Wednesday.
Lower rates begin to breathe new life into housing market
Lower borrowing costs are breathing new life into the Canadian housing market.
Inflation drops to 1.6% in September, opening way for half-point cut
Falling gasoline prices were the main driver of easing inflation in September.
Flat GDP growth in August keeps half-point rate cut on table
GDP growth was higher than expected in July but flatlined in August, Statistics Canada reported.
Canada’s unemployment rate continues to march higher, hits 6.6% in August
Canada's unemployment rate jumps to 6.6% in August
Bank of Canada cuts rates for a third straight meeting, Macklem suggests more to come
Bank of Canada Governor Tiff Macklem at a press conference in July 2024.
Canada loses jobs for a second month, leaving door open for more rate cuts
The latest jobs report does nothing to alter the view that the Bank of Canada will lower interest rates further, after cutting in June and July.