The Bank of Canada delivered an oversized interest rate cut of half a percentage point on Wednesday, focusing now on boosting the Canadian economy amid signs inflation is well under control. The central bank’s policy rate now stands at 3.75 per cent. Wednesday’s decision is the fourth consecutive drop in interest rates since June and…
Descrease article font size Increase article font size The Bank of Canada doesn’t see a “compelling case” to move forward with plans for a central bank digital currency (CBDC) after years of study, governor Tiff Macklem said Tuesday. As part of the Bank of Canada’s mandate to oversee payment and currency frameworks for the country,…
The Bank of Canada lowered its key interest rate by 25 basis points on Wednesday and opened the door to bigger cuts if the economy slows more sharply in the months ahead. The third consecutive rate cut was widely expected by economists and brings the central bank’s benchmark interest rate to 4.25 per cent. Wednesday’s…
