BoC

OTTAWA – The economy appears to have avoided a worst-case scenario due to the COVID-19 pandemic, the Bank of Canada said Wednesday as it kept its key interest rate steady at its lower bound.The bank left its target for the overnight…

TORONTO – Canada's housing market could see a significant pullback this year because of the COVID-19 pandemic, but could rebound next year, a report by RBC says.This year's home resales could dive by 30 per cent to a 20-year low as…

The Bank of Canada (BoC) today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. In a statement from the central bank, this unscheduled…

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…

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 – Bank of Canada governor Stephen Poloz says it's time for fresh ideas when it comes to Canadians' mortgage options.Poloz used a speech Monday to call for more choice in the country's mortgage marketplace. He made arguments in…