Insights and Stories on Bank Of Canada

Apr. 15, 2025 at 10:01 am CDT

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.

By Promit Mukherjee, Reuters

Dec. 17, 2024 at 10:09 am CST

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.

By Ismail Shakil, Promit Mukherjee, Reuters

Dec. 6, 2024 at 10:31 am CST

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.

By Reuters

Nov. 19, 2024 at 10:12 am CST

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.

By Ismail Shakil, Reuters

Oct. 23, 2024 at 9:12 am CDT

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.

By David Ljunggren, Promit Mukherjee, Reuters