Bank of Canada Cuts Growth Forecasts for 2025 and 2026
The bank said 2025 growth would be 1.8%, down from the 2.1% it forecast in October. Growth in 2026 will also be 1.8%, down from 2.3%. Annual inflation in 2025 will average 2.3%, up from 2.2% in October, due to less excess supply, stronger oil prices and higher import prices resulting from the lower Canadian dollar.
The Canadian bank stocks could be ready to march higher, even if the tech trade sinks and drags down the rest of the broader ...
That’s the prediction of Bank of America economists who think Canada’s central bank will cut 25 basis points on Jan. 29 and ...
The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at ...
OTTAWA--The Bank of Canada is formally ending its program to shrink central-bank reserves, and anticipates resuming asset purchases on March 5 as part of normal balance-sheet management.
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