News list for "Bank of Canada"
The Canadian swap market sees a roughly 50% chance that the Bank of Canada will cut interest rates in June, compared with 64% before the CPI data was released.
1. Interest Rate Level: The Bank of Canada kept interest rates unchanged at 2.75%, stopping a seven-day decline in order to obtain more relevant information about tariffs and their impact. 2. Forward Guidance: Until the outlook for tariffs becomes clear, forward guidance needs to be reduced and prepared to act "decisively" as new information becomes available. 3. Tariff Impact: If U.S. tariffs trigger a global trade war, Canada's inflation rate will climb and it will fall into a deep economic re...
According to swap market data, the probability of the Bank of Canada cutting interest rates in April rose to 62% from about 50% before the employment data was released.
Bank of Canada Governor Michael McCallum said that U.S. tariffs could put downward pressure on Canadian energy prices, reducing the profitability of producers.
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.
