Explaining the decision in his opening remarks, Bank of Canada governor Tiff Macklem said the economy started the year strong, with solid GDP growth ... of Canada cuts interest rate, warns it ...

Canada's economic activity has grown at a brisk pace in the last two quarters, registering an annualized growth of well over 2%, indicating that seven rounds of interest rate cuts has helped boost ...

As the BoC’s interest ... rate mortgages and other loans. November 25, 2024: Then President-elect Donald Trump announced his intention to impose a 25% tariff on products entering the U.S. from ...

Our opinions are our own. The prime rate is a base rate set by financial institutions in Canada to determine the variable interest rates they can charge on lending products, such as mortgages and ...

This comes after GDP rose ... lower its main interest rate for a seventh straight time earlier this month. "January may represent the peak in economic activity as the U.S.-Canada trade war pushes ...

The Bank of Canada ... s interest rate hikes slowed the economy and pushed up unemployment. Subsequent rate cuts gave a boost to the economy through the back half of last year, with GDP growing ...

Canada’s economic activity has risen at a brisk pace in the last two quarters, registering an annualized growth of well over 2 percent, indicating that seven rounds of interest rate cuts had ...

Bank of Canada governor Tiff Macklem is expected to cut interest rates to 2.75 per cent Wednesday. (Credit: The Canadian Press) Bank of Canada interest rate cuts might not be able to fix the damage ..

Canada’s unemployment rate has been improving from late last year since a peak of 6.9 per cent in November, spurred by falling interest rates as inflation came within the Bank of Canada’s 1 ...