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[ad_1] What is slowing Canada’s economy down? What’s growing? The manufacturing sector was the largest drag on the economy, followed by utilities, wholesale and trade and...
[ad_1] Changes to the BoC rate impacts the prime rate set by Canadian lenders, which in turn affects the pricing of variable-based borrowing products, which are...
[ad_1] The half-percentage point interest rate cut marks the fourth consecutive reduction since June and brings the central bank’s policy interest rate down to 3.75 per...
[ad_1] 17. 2018: Transitioning to more protectionist policies, the United States initiated a renegotiation of the North American Free Trade Agreement (NAFTA)—brought into force in 1994....
[ad_1] As inflation sharply accelerated in 2022, household purchasing power declined. Meanwhile, the Bank of Canada rapidly increased its key interest rate from its pandemic-era lows, bringing it...
[ad_1] In the company’s fall economic outlook released Thursday, it forecasts the central bank’s interest rate will fall to 3.75% by the end of this year...
[ad_1] Are more rate cuts likely? In announcing the rate cut Wednesday, Bank of Canada governor Tiff Macklem said if inflation continues to ease broadly in...
[ad_1] What does the rate cut mean? The immediate impact of today’s rate cut will be interest rate relief for Canadians. As a result of today’s...
[ad_1] Bond yields have a “positive correlation” with fixed mortgage rates. That means when bond yields go up, so do fixed-rate mortgages, and vice versa. And...
[ad_1] Anxiety over the U.S. economy Despite some signs of cooling, the U.S. economy kept chugging along even with higher rates, outpacing Europe and Asia. Then...
[ad_1] What is the Bank of Canada’s interest rate? This latest decrease brings the central bank’s rate—which sets the benchmark for Canada’s prime rate and variable-rate...
[ad_1] For most Canadians, using a broker is the wisest choice to save money, as they have access to a wider selection of products and should...
[ad_1] Bank of Canada governor Tiff Macklem has suggested the federal budget presented last month wouldn’t have much of an effect on inflation. Since last summer,...
[ad_1] Sentiment around the interest rate decision The rate hold was largely anticipated by markets and economists. Many hoped it to be the central bank’s last...
[ad_1] Meanwhile, Canada’s rise in unemployment comes as high borrowing costs weigh on businesses and strong population growth continues to add to the country’s labour supply....
[ad_1] That’s according to the central bank’s summary of deliberations detailing the discussions governing council members had in the lead-up to the March 6 interest rate...
[ad_1] At the same time, Macklem has stressed that the central bank does not want to cut interest rates prematurely and therefore will wait until there’s...
[ad_1] As a result of the latest rate hold, the prime rate in Canada will remain at 7.2%. This might not seem like big news, but...
[ad_1] That’s because they expect the Canadian economy to weaken further under the weight of decades-high interest rates. Statistics Canada reported last week the economy grew...
[ad_1] The point? If a GIC investor is looking to lock in a good long-term interest rate, they may want to consider some bond exposure as...