Bank of Canada

Banks drop prime rate to match Bank of Canada cut Fallback Image Decorative pattern

Economic Indicators

Banks drop prime rate to match Bank of Canada cut

The rate cut will make borrowing cheaper, raising concerns about overheated housing markets

March 5, 2020

1 min read

Bank of Canada matches Fed, cutting rate by half a percentage point Fallback Image Decorative pattern

Economic Indicators

Bank of Canada matches Fed, cutting rate by half a percentage point

The central bank said it may further adjust its key rate if the situation calls for it

By Staff, with files from The Canadian Press |March 4, 2020

2 min read

Economists call for rate cut in response to Covid-19 Fallback Image Decorative pattern

Economic Indicators

Economists call for rate cut in response to Covid-19

Slower economic growth is expected

By Mark Burgess |March 2, 2020

4 min read

Canada’s economy slowed to 0.3% in Q4 Fallback Image Decorative pattern

Economic Indicators

Canada’s economy slowed to 0.3% in Q4

The poor showing comes just days ahead of the next rate announcement by the Bank of Canada

By Jordan Press, The Canadian Press |February 28, 2020

2 min read