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.
TSX Ends Lower Despite BoC's Sharp Rate Cut
The Canadian market ended weak on Wednesday, hurt by losses in technology, energy and materials stocks. Despite the Bank of Canada's
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,
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.
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
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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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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 ...
TSX opens lower ahead of BoC policy decision
Canada's main stock index opened lower on Wednesday, hurt by mining stocks, ahead of the Bank of Canada's monetary policy ...
BoC to quickly return to a more neutral policy stance – NBC
Rather than the output gap starting to close in Q3 like the BoC had previously expected, slack absorption will have to wait at least until the fourth quarter. And while that is the baseline outlook ...
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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 ...
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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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BOC's October ops net P3.09-B worth of smuggled goods
The Bureau of Customs (BOC) has seized a total of PHP3.09 billion worth of smuggled goods, including illegal drugs and ...
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'Canadians can breathe a sigh of relief,' Macklem says, as BoC cuts by 50 basis points
The Bank of Canada cut its benchmark interest rate by 50 basis points to 3.75 per cent on Wednesday, marking its fourth ...