On March 12, the Bank of Canada cut interest rates by 25 basis points as scheduled, lowering interest rates from 3.00% to 2.75%.
The Bank of Canada: Rising trade tensions and U.S. tariffs could increase inflationary pressures in Canada and dampen economic growth.
The Canadian swap market expects the probability of another rate cut by the Bank of Canada in April to be around 50%.
According to swap market data, the probability of the Bank of Canada cutting interest rates this month has risen to 65%.
National Bank of Canada has bought a Bitcoin ETF worth $2 million.
The Canadian swap market expects a 53% chance that the Bank of Canada will cut interest rates in March, down from 64% before the jobs data.
Bank of Canada Governor Michael McCollum has cancelled a speech scheduled for February 6 at a bank conference in Mexico.
On January 29, the first interest rate decision in 2025, the Bank of Canada cut interest rates by 25BP to 3.00%, in line with market expectations, for the sixth consecutive meeting of interest rate cuts, the previous two meetings have cut interest rates by 50BP.
The Bank of Canada announced the end of quantitative tightening and will gradually resume its asset purchase program in early March.
The first interest rate resolution in 2025, the Bank of Canada cut interest rates by 25 basis points to 3.00%, in line with market expectations, for the sixth consecutive meeting to cut interest rates, the previous two meetings cut interest rates by 50 basis points. (Golden Ten)
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.