Tag: bank of canada meeting
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Bank of Canada reduces Policy Rate by 25 bps
Great news today as Bank of Canada reduces Policy Rate by 25 bps, from 5% to 4.75%. This should result in Lenders reducing their Prime Rate by 25 bps to 6.95 in the next day or so. This is good news as it gives the Bank of Canada confidence that they can reduce our rates… Read more
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Canada Inflation 2.7%,Eased again in April, Raising the changes of a June rate cut
Canada`s inflation rate came in at 2.7%. Good news, but not much happening with bond yield yet, and not much happening with 10 year US treasuries, so that explains it. On June 5th, the Bank of Canada is meeting at 9:45am EST. The annual inflation rate in Canada eased to 2.7% in April of 2024… Read more