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Tag Archives bank of canada


Photo: Marc Dufresne/Getty Images Plus
News, reuters

Canada’s annual inflation rate eases to 1.7 per cent in July, core measures stay firm

By Promit Mukherjee, Reuters 4 days ago
Canada’s annual inflation rate eased to 1.7 per cent in July from 1.9 per cent in the prior month as lower year-on-year gasoline prices kept the consumer price index low, but core measures of inflation stayed sticky, data showed on Tuesday.

Photo: Marc Dufresne/Getty Images Plus
News, reuters

Bank of Canada holds rates steady and says global trade war risk has eased

By David Ljunggren, Promit Mukherjee, Reuters July 30, 2025
The Bank of Canada held its key policy rate at 2.75 per cent for the third time in a row on Wednesday, as expected, and said the risk of a severe and escalating global trade war had diminished.

Photo: iStock/Getty Images
News

Canada’s annual inflation rate in June up slightly to 1.9 per cent

Rise in prices led by durable goods, clothing, footwear

By Promit Mukherjee, Reuters July 15, 2025
Canada's annual inflation rate rose to 1.9 per cent in June, meeting analysts' expectations, as increases in the price of automobiles, clothing and footwear pushed the index higher, data showed on Tuesday.

Photo: Ivan-balvan/Getty Images Plus
Markets, News

Canada’s annual inflation unchanged at 1.7 per cent in May, core measures slightly ease

By Promit Mukherjee, Reuters June 24, 2025
Canada’s annual inflation rate in May was unchanged from the previous month at 1.7 per cent as a drop in gasoline costs continued to keep the overall index stable. Prices of shelter, food and transportation also cooled.

FILE PHOTO: The Bank of Canada building is pictured in Ottawa June 1, 2010. REUTERS/Chris Wattie/File Photo
News

Bank of Canada holds rates, says tariffs could cause deep recession

By David Brunnstrom, Promit Mukherjee, Reuters April 16, 2025
The Bank of Canada on Wednesday held its key policy rate at 2.75 per cent, its first pause after seven consecutive cuts, and said that the uncertainty around U.S. tariffs made it impossible to issue regular economic forecasts.


Canada’s inflation surprisingly slows to 2.3 per cent in March
News

Canada’s inflation surprisingly slows to 2.3 per cent in March

By Promit Mukherjee, Reuters April 15, 2025
Canada's annual inflation surprisingly slowed in March to 2.3 per cent, three notches below the prior month, largely helped by lower gasoline and travel tour prices, data showed on Tuesday.

FILE PHOTO: The Bank of Canada building is pictured in Ottawa June 1, 2010. REUTERS/Chris Wattie/File Photo
News

Canada’s inflation rate ticks down to 1.9 per cent in November

By Ismail Shakil, Promit Mukherjee, Reuters December 17, 2024
Canada's annual inflation rate unexpectedly dropped by a tick to 1.9 per cent in November, driven by a broad-based slowdown in prices, while the consumer price index was unchanged on a monthly basis, data showed on Tuesday.

FILE PHOTO: The Bank of Canada building is pictured in Ottawa June 1, 2010. REUTERS/Chris Wattie/File Photo
News

Canada’s jobless rate jumps to 6.8 per cent; bets up for 50 bps rate cut next week

By Reuters December 6, 2024
Canada's unemployment rate rose more than expected to 6.8 per cent in November, a near-eight-year high excluding the pandemic years, even as the economy added a net 50,500 jobs, data showed on Friday, boosting chances of a large interest rate cut next week.


Photo: File
Markets, News

Canada’s inflation rate jumps back to two per cent, curbing large rate-cut bets

By Ismail Shakil, Reuters November 19, 2024
Canada's annual inflation rate accelerated more than expected to 2.0 per cent in October as gas prices fell less than the previous month, data showed on Tuesday, shrinking market bets for a bigger rate cut next month.

(File photo) Bank of Canada Governor Tiff Macklem takes part in a news conference, after cutting key interest rate, in Ottawa, Ontario, Canada July 24, 2024. REUTERS/Blair Gable
News

Bank of Canada cuts rates, hails ‘good news’ on low inflation

By David Ljunggren, Promit Mukherjee, Reuters October 23, 2024
The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75 per cent, its first bigger-than-usual move in more than four years, and hailed signs the country has returned to an era of low inflation.

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