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Economy News

Bank of Canada low on stimulus ammo following rate cut: BMO
BMO's senior economist expects a modestly positive impact from the Bank of Canada’s latest move on rates, but cautions against overestimating the stimulus this latest cut will actually yield.
Posted on 7-15-2015 at 4:03 PM
Loonie drops to weakest since 2009 after Bank of Canada cut
The Canadian dollar fell to its lowest since 2009 after the Bank of Canada cut interest rates for a second time this year to support the economy amid tumbling commodity prices.
Posted on 7-15-2015 at 11:20 AM
Bank of Canada slashes key rate
The Bank of Canada is cutting its growth forecast and its key interest rate to 0.50 percent, its second rate cut this year as the economy contracts.
Posted on 7-15-2015 at 9:49 AM
Are big banks passing on rate savings to consumers?
The Bank of Canada cuts its key overnight lending rate by 25 basis points to 0.75 percent on Wednesday. But are Canada's biggest banks cutting their prime lending rates. looks at the data.
Posted on 7-15-2015 at 12:12 PM
Is another Bank of Canada interest rate cut on tap?
In a year when the Bank of Canada has already stunned markets with an out-of-left-field interest-rate cut, it’s hard to imagine another rate-setting decision by the central bank could match that sort of drama. But this Wednesday’s scheduled rate announcement from the bank could come a close second.
Posted on 7-10-2015 at 2:10 PM
Canada’s employers hit the brakes, rate move still a ‘toss up’
Canadian employers put the brakes on hiring last month, trimming private-sector jobs and part-time positions, particularly in Quebec.
Posted on 7-10-2015 at 8:47 AM
IMF slashes Canadian growth forecast as oil weighs
The International Monetary Fund pegs growth at 1.5 percent this year as oil's plunge weighs on the economy, marking the largest downward revision among all of the major countries and regions it tracks.
Posted on 7-09-2015 at 8:48 AM
Bank of Montreal and RBC join calls for a Bank of Canada rate cut
Bank of Montreal’s Doug Porter and Royal Bank of Canada’s Mark Chandler joined a growing list of economists calling for Canada’s central bank to cut interest rates next week on signs of a faltering recovery.
Posted on 7-08-2015 at 2:40 PM

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