BoC cuts rate by 50 bps

BoC's jumbo rate cut may be repeated in December, say economists
CIBC Economics predicts a 2.25% base interest rate will be achieved in the second quarter of 2025, and economist Avery Shenfeld says: “it would take a major turn of events to stand in the way of another 50 basis point reduction in December [2024], driven by the same logic as [this week’s] decision.”
BoC's Governor Macklem: Core inflation is easing as expected
Despite the anticipated rate cut, the central bank's overall stance is expected to lean towards the bearish side, particularly against the backdrop of declining inflation, further cooling of the labour market, and GDP running below the bank’s latest forecasts.
Toronto stocks fall; BoC cuts rate by 50 bps
Canada's main stock index slipped on Wednesday due to falling commodity stocks, as investors evaluated a half-point interest rate cut by the Bank of Canada and anticipated further reductions in the future.
Energy, Materials Stocks Dragging Down Canadian Market; BoC Cuts Rate By 50 Bps
Despite the Bank of Canada's big 50-basis point interest rate cut, the Canadian market is languishing in negative territory on
Canadian Dollar weakens further after outsized BoC rate cut
The Canadian Dollar (CAD) receded on Wednesday, backsliding another 0.2% against the US Dollar after the Bank of Canada (BoC) delivered a widely expected 50 bps rate cut. Rate traders are already pricing in a further double rate cut in December as the BoC grapples with Canada’s rapidly deflating economic landscape.
Canadian Dollar Falls Ahead of BOC Rate Decision
The Canadian dollar falls ahead of the Bank of Canada’s interest rate decision at 1345 GMT. There is much to suggest the BOC will accelerate the pace of interest-rate cuts with a 50 basis-point move,
Bay Street Seen Opening Weak; BoC Rate Decision In Focus
Lower stock futures and commodity prices point to a weak start for the Canadian market on Wednesday. The focus will be on the
TSX futures slip ahead of BoC rate decision
Futures tied to Canada's main stock index fell on Wednesday, hurt by crude prices, ahead of the Bank of Canada's monetary policy decision that is expected to result in an outsized interest rate cut. December futures on the S&P/TSX index were down 0.
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BOC processing donation of 4K abandoned balikbayan boxes to DMW
The Bureau of Customs (BOC) on Thursday said over 4,000 abandoned balikbayan boxes would be donated to the Department of ...
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What the BoC's 'monster' cut means for Canada's economy, investors
The Bank of Canada’s decision to cut its overnight interest rate by 50 basis points was as significant as it was expected.
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FxWirePro: USD/CAD bulls undeterred after BoC rate decision, eyes 23.6%fib resistance
USD/CAD rose on Wednesday after the Bank of Canada cut its key policy rate by a large 50 basis points to 3.75% The currencys ...
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CANADA: USDCAD Probing Post-BoC Highs Amidst Bullish Set-Up
USDCAD has seen a sizeable shunt higher today off earlier lows of 1.3813 to probe yesterday’s 1.3863, a high that came sometime after initially limited reaction to the BoC ramping up its easing cycle ...
Falling inflation a good sign — but Canadians still feeling impact of increased prices: BoC
Prices have increased — and Canadians feel that even as inflation cools, BoC official says DESC: Bank of Canada senior deputy ...
CP NewsAlert: BoC delivers half-percentage point rate cut, bringing it to 3.75%
OTTAWA - The Bank of Canada cut its key interest rate by half a percentage point, bringing it to 3.75 per cent.
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MNI INTERVIEW: BOC Justified To Cut 50BPS More In Dec-Kronick
The Bank of Canada has a "compelling case" to follow Wednesday's half-point rate cut with another jumbo move at the next meeting on Dec. 11 according to Jeremy Kronick of C.D. Howe, a think-tank that ...
Why a bigger BoC rate cut won't change the landscape for those trying to qualify for a mortgage
A first-time home buyer’s options won’t change much with tomorrow’s widely expected Bank of Canada (BoC) rate cut, but the ...