Insights and Stories on Interest Rates

Oct. 15, 2024 at 10:23 am CDT

Canada's annual inflation rate slowed more than expected to 1.6 per cent in September, data showed on Tuesday, prompting markets to increase bets of a 50 basis point rate cut next week. The easing of inflation, which was mainly led by a huge drop in the price of gasoline, was the smallest annual increase in consumer prices since February 2021, Statistics Canada said.

By Ismail Shakil, Promit Mukherjee, Reuters

Sep. 4, 2024 at 12:50 pm CDT

The Bank of Canada has made another 25 basis point cut to its benchmark interest rate.

By Reuters

Jul. 24, 2024 at 1:27 pm CDT

The Bank of Canada on Wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5 per cent, and said more reductions in borrowing costs were likely if inflation continued to cool in line with forecasts.

By David Ljunggren, Promit Mukherjee, Reuters

Jun. 5, 2024 at 1:55 pm CDT

The Bank of Canada trimmed its key policy rate on Wednesday to 4.75 per cent from a 23-year high of five per cent. Inflation is now running at 2.7 per cent, above the central bank's two per cent target, but down from a high of 8.1 per cent in June 2022, Reuters reported.

By Geralyn Wichers

May. 29, 2024 at 4:26 pm CDT

With the growing likelihood of an interest rate cut by the Bank of Canada, spillover from the move could prove to be beneficial for canola prices, according to Calgary-based Errol Anderson of Errol’s Commodity Wire.

By Glen Hallick - MarketsFarm