The central bank has held its key interest rate for the third consecutive time, but notes that future rate cuts are a ...

The Bank of Canada held its interest rate at 2.75 per cent on Wednesday, citing resilience in the economy despite the ongoing ...

The Bank of Canada (BoC) is hitting the brakes on any further hikes and announced that it plans to hold the key interest rate ...

The Bank of Canada held their interest rate at 2.75 per cent on Wednesday — a move in line with what economists were ...

The Royal Bank of Canada is projecting that the central bank will cut interest rates down from the current 2.75 per cent to 2.25 per cent by mid-year, RBC economist Claire Fan said in a note ...

Three more are scheduled to follow this year. In 2022, the bank hiked its interest rate seven times. Then, in January 2023, another increase followed, bringing the key rate to 4.5 per cent.

The most recent example was in March, 2020, when the BoC slashed its rate to 0.25 per cent as an emergency pandemic measure. While Canadians were initially shy to buy homes amid lockdowns, that ...