The Bank of Canada stepped up the pace of interest-rate cuts and signaled that the post-pandemic era of high inflation is over. Policymakers led by Governor Tiff Macklem lowered the benchmark ...
OTTAWA—The Bank of Canada on Wednesday cut its main interest rate by half a percentage point, saying the struggling economy needed a jolt of hefty stimulus with inflation returning to 2% sooner ...
In a news conference, Macklem said there was a “clear consensus” among policymakers to cut by 50 basis points. The jumbo cut suggests a new phase of monetary policy easing, where policymakers ...
Traders are going back and forth over whether the European Central Bank will deliver a half-point interest-rate cut in December. Money markets boosted the chance of that outcome to more than 50% ...
The Bank of Canada cut its target for the overnight rate by 50 basis points to 3.75% on Wednesday, in line with economists' expectations and its fourth straight cut. The supersize cut came as ...
On balance, the sluggish outlook contradicts the hotter-than-expected September jobs report and opens door for further rate cuts by the Fed ... cost by 50 basis points to the 4.75%-5% range ...
The half-percentage point interest rate cut marks the fourth consecutive reduction since June and brings the central bank’s policy interest rate down to 3.75 per cent.
HALIFAX - Nova Scotia’s harmonized sales tax will be trimmed by one percentage point starting April 1 ... The premier said the cut to the provincial portion of the tax would reduce it to ...