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Tag: Bank of Canada

Canada / Finance/Business

Bank of Canada cuts its interest rate by three percent

January 30, 2025January 30, 2025 - by cmedia

Toronto/CMEDIA: Lowering its interest rate reportedly only by 25 basis points to three percent yesterday, The Bank of Canada justified its helplessness to do more to negate the economic impact …

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Canada / Finance/Business

Bank of Canada Governor has cut its key interest rate from 4.25 percent to 3.75 percent

October 24, 2024October 24, 2024 - by cmedia

With the global economy continuing to expand, the Bank of Canada cut its key interest rate Wed from 4.25 per cent to 3.75 percent. This fourth rate cut in a row of half a …

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Canada / Finance/Business

Canada’s addition of 47,000 new jobs in Sept lowers unemployment rate

October 11, 2024October 11, 2024 - by cmedia

CMEDIA/Toronto: The Canadian labour market’s addition of  47,000 jobs in Sept led to the decline of the unemployment rate for the first time since January to 6.5, Statistics Canada reported …

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Finance/Business

Canada’s 2.9 percent hike in annual inflation rate in May largely driven by services prices, groceries

June 25, 2024June 25, 2024 - by cmedia

Ottawa/CMEDIA: Owing to higher prices of groceries, services including tours and air travel, Canada’s annual inflation rate rose to 2.9 percent in May, Statistics Canada reported on Tuesday. While the …

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Canada / Finance/Business

Canada inflation outlook leads Bank of Canada to hold its policy rate at 5 percent

March 6, 2024March 6, 2024 - by cmedia

Toronto/CMEDIA: Canada’s inflation outlook leads the Bank of Canada to hold its policy rate at 5 percent on Wednesday, The bank said in a note on its website. The Bank …

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Finance/Business

Canada unemployment rate fell to 5.7 percent last month, first decline since Dec 2022

February 10, 2024February 10, 2024 - by cmedia

Canada job increase. Image credit: Unsplash/The Jopwell Collection Ottawa/CMEDIA: Canada experienced a larger-than-expected unemployment fall by 5.7 percent last month, Statistics Canada reports said. Statistics Canada’s labour force survey released …

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Canada / Finance/Business

Canada’s cooling economy leads Bank of Canada to hold interest rate steady at 5 percent

September 6, 2023September 6, 2023 - by cmedia

Bank of Canada. Image credit: Wikimedia Commons #CanadaEconomy; #CanadaInflation; #BankOfCanada; #InterestRateSteady With Canada’s economy reportedly showing more and more signs of cooling, the Bank of Canada opted to hold its …

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Canada / Finance/Business

Bank of Canada hikes key interest rate by 25 basis points to 5 percent

July 12, 2023July 14, 2023 - by cmedia

Ottawa/CMEDIA: The Bank of Canada has made the cost of borrowing more expensive by raising its policy interest rate by 25 basis points amounting to 5% for the 10th consecutive time, the highest it’s been …

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Finance/Business

Canadian economy’s strong start to 2023 was short lived, new data suggests slowdown has begun

April 29, 2023April 29, 2023 - by cmedia

Representative Image of Canada’s cooling economy. Image credit Unsplash/Towfiqu Barbhuiya Ottawa/CMEDIA: Strong bounce back of the Canadian economy reportedly at the start of the year appears to have been short-lived, …

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Canada / News

Still uncertain if King Charles III would replace the Queen on Canada’s currency

April 20, 2023April 20, 2023 - by cmedia

Ottawa/CMEDIA: Even though many months have passed since King Charles III assumed his new role as monarch, Canada has not yet updated its currency to include images of the new sovereign. Following the …

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