Tag: rate cut
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The Bank of Canada Cuts It`s Policy Rate By another 50 Basis Points
The BoC slashed the overnight rate by 50 bps this morning, bringing the policy rate down to 3.25%.Today’s move will take the prime rate down 50 bps to 5.45% effective tomorrow, reducing floating rate mortgage loan rates by a half point, easing the cost of borrowing and reducing the monthly payment increase for renewals. This should spark… Read more
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Bank Of Canada Cuts Policy Rate By 50 BPs
Resource: Dominion Lending Centres After three consecutive 25 bp rate cuts, the BoC slashed the overnight rate by 50 bps at Oct.23rd 2024, bringing the policy rate down to 3.75%. The market had priced in 90% odds of a 50 bp move, where consensus coalesced. The combined slower-than-expected GDP growth and back-to-back weak inflation reports solidified the calls… 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