The Bank of Canada lowered interest rates to 2.25 per cent on Wednesday, but cautioned that monetary policy can't fix the structural economic damage caused by the U.S. trade war. The central bank said it made the 25-basis-point cut as weakness ripples through the Canadian economy and with inflation expected to stay close to the bank's two per cent target. "For many months, we have been stressing that...
Rate Cut: The Bank of Canada reduced its target for the overnight rate by 25 basis points to 2.5%. This marks the first rate cut since July 2024, lowering the Bank Rate to 2.75% and the deposit rate to 2.45%. Economic Outlook: Global economic growth shows signs of slowing after a period of resilience to US tariffs, with cautious US consumers and weakening investment in China. In Canada, the...
No Rate Cut: The Bank of Canada maintained its target for the overnight rate at 2.75%. This decision reflects ongoing high uncertainty in global trade despite some Canadian economic resilience. Economic Outlook: The global economy has shown reasonable resilience amid trade volatility, with modest growth in the US and Euro area, and China's exports rebalancing. In Canada, after a strong Q1, GDP...
The Greater Toronto Area (GTA) housing market experienced an improvement in affordability in May 2025 relative to the same period a year earlier. With sales down and listings up, homebuyers took advantage of increased inventory and negotiating power.“Looking at the GTA as a whole, homebuyers have certainly benefited from greater choice and improved affordability this year. However, each neighbourhood...
Bank of Canada Holds Policy Rate At...
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