Bank of Canada

OTTAWA – The Bank of Canada is cutting its overnight rate target by half a percentage point to 0.75 per cent in response to COVID-19.The central bank said Friday the unscheduled rate decision was due to the pandemic and its impact on…

OTTAWA – The Bank of Canada is cutting its key interest rate target by half a percentage point, dropping it to 1.25 per cent in response to the economic shock from the novel coronavirus outbreak.The central bank said Wednesday that it…

OTTAWA – The Bank of Canada is keeping its key interest rate target on hold at 1.75 per cent and forecasting a slower-than-expected start for the Canadian economy in 2020.In its latest forecast, the central bank predicted the Canadian…

The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity this year and for 2020 via the Multiple Listing Service (MLS) Systems of Canadian real estate boards and associations.Evidence suggests…

OTTAWA – The Bank of Canada says it's staying put on interest rates as it gauges the extent of the damage that deepening trade conflicts are having on the domestic and global economies.The rate decision Wednesday kept the central bank's…

OTTAWA – Bank of Canada governor Stephen Poloz is holding firm on his key interest rate and showing no urgency to make a policy change, positions that come with the U.S. Federal Reserve poised to cut its rate.The Bank of Canada's…

OTTAWA – The Bank of Canada left its key interest rate steady Wednesday as it looked to balance mounting evidence of a domestic economic pickup against the expanding risks of international trade conflicts.The central bank kept its…

OTTAWA – The Bank of Canada has set aside discussion of interest rate hikes, at least until the economy re-emerges from what it predicts will only be a temporary slowdown.The central bank kept its key interest rate unchanged…

OTTAWA – A weak data report ``surprised'' the Bank of Canada ahead of its decision to cast doubts about future interest-rate hikes and to warn Canadians the ongoing slump could prove to be unexpectedly stubborn, says one of the bank's top…

The head of the Bank of Canada says his trend-setting interest rate is low enough, at its below-inflation level of 1.75 per cent, that it's delivering stimulative effects to the economy.But even in the stronger economy, governor Stephen…