Bank of Canada issues warning: High immigration rate can't conceal grim economic data. Economy faces huge challenges.
Although Canada may not have technically entered a recession, some economists suggest that the declining trend in per capita output is similar to previous economic downturns. Therefore, economists recommend that decision makers analyze beyond the overall positive economic data released in recent quarters in Canada.
UBS raises bets on future rate cuts, making the Canadian dollar even more fragile!
Investors believe there is a 60% chance that the Bank of Canada will further loosen its policies at its policy meeting in September. Accelerating the pace of interest rate cuts will ease the pressure on heavily indebted Canadian households. This may also increase pressure on the Canadian dollar. Bank of Montreal said the spread between the Bank of Canada and the US Federal Reserve is widening, which could make the Canadian dollar more vulnerable.
Canadian Dollar Holds Steady as Markets Roil on US GDP Figures
CAD: Rate Cut as Expected, More Likely to Follow – Commerzbank
Is the Fed's rate cut next week a sure thing? The Bank of Canada made a shocking announcement! There have been changes in G7 monetary policies...
FX168 Financial News Agency (Asia Pacific) reported that the Bank of Canada has lowered its interest rate by 25 basis points to 4.50%, and hinted at the possibility of further rate cuts. This makes it the first economy in the G7 group to cut interest rates, leading to the largest gap in policy interest rates with the Federal Reserve since 2007.
Bank of Canada announces second consecutive interest rate cut, with the possibility of further cuts in the future.
The Bank of Canada has announced a 25 basis point cut in its benchmark interest rate from 4.75% to 4.5%, marking the second consecutive rate cut as expected by the market.