Economic Development Regina’s Post

Bank of Canada cuts its policy rate by another half point (Financial Post). The Bank of Canada cut its policy rate by 50 basis points to 3.25 per cent on Wednesday, a move widely expected by economists and markets. https://lnkd.in/gXja8gd3

The Bank of Canada cut its policy rate by 50 basis points, lowering it to 3.25%, marking its second consecutive jumbo cut and the fifth reduction since June. Governor Tiff Macklem highlighted a shift to a more gradual monetary approach moving forward. The decision reflects softer-than-expected economic growth and inflation within the 1-3% target range. Economists and markets widely anticipated the move, with 70% odds priced in beforehand. The cut aims to support growth while maintaining inflation stability.

The Bank of Canada has implemented a significant interest rate cut, signaling a shift toward a more gradual approach in future rate adjustments. This decision is part of its effort to balance inflation control with economic growth. The Bank aims to provide stability in an uncertain economic environment, acknowledging the need for careful, measured actions moving forward. For more insights, read the full article on: https://lnkd.in/eyPVVTfY

The Bank of Canada has cut its key policy interest rate five times this year including last week when it reduced the benchmark by a half a percentage point to 3.25 per cent. Macklem says the bank will be evaluating the need for further reductions in the policy rate one decision at a time and anticipates a more gradual approach to monetary policy if the economy evolves as expected.

Being wrong for a Right Reasons Bank of Canada (BOC), cut #interestrate first time since 2022 and after 4 years since last rate cut started in pandemic. The first G7 country to take a call. Canada inflation data shows improvement compared to United States. This put Canada on a different trajectory of rates, and affects are seen on Loonie. Further divergence will take a toll on Loonie, therefore #BOC has to be cautious. In the past the country had a divergence and there is a limit which some analysts suggest 50 bps to 100 bps.  https://lnkd.in/guWMMy8f

Did you know that with the latest statement from the Bank of Canada regarding the policy interest rate, it had now reached its lowest point since December 2022? Learn more about what drove this cut and what to expect in the upcoming weeks in our analysis 📈👇🏽 #Wealth_Managed

Bank of Canada Follows Up with a Second Rate Cut Amidst evolving economic landscapes, the Bank of Canada announces its second rate cut since June, reducing the key overnight rate by 25 basis points to 4.5%. Governor Macklem's nuanced statements signal a cautious approach, with potential for further adjustments if inflationary pressures ease. Read more here: https://lnkd.in/gaVcaAGg Have questions about how this affects your property? Book a call with me now! https://lnkd.in/gMVH9C3E 📞Call 587-740-1048 📧tarah@investleduc.com #BankofCanada #InterestRates #EconomicAnalysis #InflationTrends #FinancialMarkets #RateCuts #CanadianEconomy #MonetaryPolicyDecisions #MarketUpdates #FinancialInsights #GlobalEconomy #EconomicForecast #BankingSector #InterestRateMovements #MasterfulMovesRealty

The Bank of Canada has taken a strategic step by reducing its key policy rate by 25 basis points to 4.25 per cent, aligning with projections. Governor Tiff Macklem, citing weak growth, suggested a possible further reduction if the economy demands a stimulus. Remarkably, the bank kept its benchmark rate at a two-decade peak of 5 per cent until recently when it commenced the easing process. #BankOfCanada #Economy #Finance https://lnkd.in/djp3jNtK

As expected the Bank of Canada cut its policy rate by another 25 bps today and commentary that accompanied the decision seems to add credence to the future path of cuts as they move into less restrictive territory over the next 18 months.

Bank of Canada Maintains Overnight Rate at 5%: What It Means for Canadians In a highly anticipated decision today, the Bank of Canada announced its decision to keep the overnight rate steady at 5%, marking the fifth consecutive period without any adjustments. This move aligns with the expectations of many economists and sets the stage for what could be an interesting year in terms of monetary policy. https://bit.ly/4ciAhMM #BankOfCanada #OvernightRate #MonetaryPolicy #Economy #InterestRates #FinancialNews