News list for " Bank of Canada"
The Bank of Canada meeting notes that the decision to cut interest rates by 50 basis points was a difficult choice to make.
Bank of Canada Governor Michael McCollum: Looking ahead, we will consider further interest rate cuts.
Bank of Canada Governor Michael McCollum said that we are starting to see some of the impact of the recent rate cuts.
Canadian consumers have expressed skepticism about the Bank of Canada's (BOC) early widespread adoption of the digital dollar concept. The Bank of Canada recently conducted research to understand changes in consumer payment preferences, with the ultimate aim of preparing for the development of an internal central bank digital currency (CBDC). The Bank of Canada's research report released on October 28 reaffirms Canadians' long-standing fondness for traditional fiat payment systems, while growing...
Bank of Canada Governor Michael McClum: After returning to low inflation, Canada is in a better position to respond to new economic shocks.
The Bank of Canada cut interest rates by 50 basis points on Wednesday, cutting the base rate from 4.25 per cent to 3.75 per cent, the biggest cut in borrowing costs since the early days of the epidemic in March 2020. The Bank of Canada said it was a sign of the country's return to an era of low inflation. In response to soaring prices, the Bank of Canada previously raised interest rates to a 20-year high, but has cut rates four times in a row since June. Inflation fell to 1.6 per cent in Septemb...
Bank of Montreal Capital Markets believes the Bank of Canada's quarterly business outlook survey shows that the job market will continue to be weak despite September's employment data showing a strong recovery in full-time and private sector jobs. Businesses expect wage growth to slow over the next 12 months, with hiring intentions little changed from the previous quarter. The bank noted that the proportion of businesses reporting labour shortages remained "well below" the historical average, wi...
12:00-21:00 Keywords: Elon Musk, Bank of Canada, Trump, El Salvador Bitcoin's market share has risen by 6% so far this year. 2. Bank of Canada: artificial intelligence may bring inflationary pressure; 3. Elon Musk: US government spending will bankrupt the country. 4. Trump launched the first edition of his silver commemorative medal TRUMP COINS, and the official website has been launched; The SEC has charged three individuals and five companies with "romance scam" crypto fraud. 6. One of the maj...
Tiff McCollum, governor of the Bank of Canada, said investment in artificial intelligence could lead to higher inflationary pressures in the short term and raise financial stability concerns. Artificial intelligence could also affect how companies set prices. There is already evidence that more digitised companies adjust prices more frequently than less digitised ones. "Central banks need to pay close attention to how artificial intelligence affects inflation, including indirectly through aggreg...
The Bank of Canada has shelved plans for a central bank digital currency (CBDC). The Bank of Canada first launched a research project in 2019 to explore the creation of a digital Canadian dollar, with a public consultation in 2022. In a research paper in early 2024, the central bank argued that the introduction of a CBDC could help Canadians maintain monetary sovereignty and financial stability as cash usage continues to decline across the country. Another paper also found that if implemented, a...
According to the Financial Times, as growth concerns intensify, the governor of the Bank of Canada has raised the possibility of accelerating the pace of interest rate cuts.
On September 15, as growth concerns intensified, the governor of the Bank of Canada raised the possibility of accelerating the pace of interest rate cuts. The G7 nation's economy grew at an annualized rate of 2.1% in the second quarter, but there are growing concerns that falling oil prices, rising unemployment and falling immigration levels could bring Canada close to a standstill. Interest rate makers are increasingly concerned about Canada's labor market and the potential impact of falling cr...
Canada's central bank interest rate decision on September 4 was 4.25%, with expectations of 4.25% and a previous value of 4.50%.
On September 4th, the Bank of Canada cut interest rates for the third time in a row by 25 basis points, lowering the interest rate to 4.25%, in line with market expectations.
The Bank of Canada cut interest rates as scheduled, and the dollar fell nearly 20 points against the Canadian dollar USD/CAD in the short term, trading at 1.3541.
7x24 Newsflash
Hot News
