Tag Archives: Prime Rate
Bank of Canada cuts key rate by quarter point to 3% as tariffs threat loom
The Bank of Canada delivered another interest rate cut today, reducing its policy rate by a quarter-percentage point to three per cent. It's the central bank's sixth straight cut since June, with infl...
Jan 29, 2025
Bank of Canada cuts key interest rate for first time in more than four years
The Bank of Canada cut its key interest rate for the first time in more than four years today, marking a major turning point in its fight against inflation. Governor Tiff Macklem says the Bank of Cana...
Jun 05, 2024
Bank of Canada holds key rate steady at five per cent, says too early to cut
The Bank of Canada is holding its key interest rate steady at five per cent today, arguing it is still too soon to start lowering rates. The central bank says inflation has continued to ease and the e...
Mar 06, 2024
Inflation holds at 3.1% in November as progress in tamping down price growth stalls. Inflation up slightly in Saskatchewan
Canada's annual inflation rate was unchanged last month, holding steady at 3.1 per cent as progress on tamping down price growth stalled. The November consumer price index report released Tu...
Dec 19, 2023
Bank of Canada holds key interest rate at 5%, keeps door open to more rate hikes
The Bank of Canada held its key interest rate steady at five per cent, but hasn't ruled out future rate hikes as price pressures remain high. "With clearer signs that moneta...
Oct 25, 2023
