Bank of Canada

Canada is expected to have a new prime minister with former central banker Mark Carney winning the country's Liberal Party election to replace outgoing Prime Minster Justin Trudeau, who announced his intention to step down in January. Carney has had a fast rise in Canadian politics but also enters...

The Bank of Canada (BoC) reduced its key policy rate by 25 basis points to 4.25% on Wednesday, marking the third consecutive rate cut since June. The move was widely anticipated by market participants as inflation and the labor market continued to show signs of slowing. The Canadian economy grew...

The two interest rate cuts delivered this week by the Bank of Canada (BoC) and the European Central Bank (ECB) likely marked the beginning of a phase of policy easing among major central banks. On Wednesday, the BoC reduced its policy rate by 25 basis points to 4.75%, citing that “monetary...

The Bank of Canada announced on Wednesday a 25 basis point reduction in interest rates, marking the first cut since March 2020, as widely anticipated by market participants. Consequently, the benchmark overnight rate and the deposit rate have been lowered to 4.75%, while the Bank Rate is now at 5...

The Bank of Canada believes a Central Bank Digital Currency (CBDC) can play a transformative role in enhancing financial inclusion.  One of the standout revelations from the report, titled "Redefining Financial Inclusion for a Digital Age: Implications for a Central Bank Digital...

The Bank of Canada raised its overnight rate by 25bps to 4.75% after pausing the previous two meetings. This could cause the Federal Reserve to follow suite next week during its June meeting. The daily and weekly charts are both making defined moves.  The Bank of Canada surprised...

U.S. stocks are unsteady this week as investors struggle to navigate through a muddied global pandemic outlook, a suite of corporate earnings updates, and yesterday’s news of proposed legislative overhaul of capital gains taxes. The swings that we are seeing reflect the fact that investors...

The Past Week, In A Nutshell What Happened: Last week ended negative on relative weakness in the technology sector. Remember This: “While valuations have hinted to overstretched markets in the past, it’s tough to say where stocks should be trading right now. We just witnessed the...

The central banks of Japan, Canada, and some of the European Union members are teaming up to study the prospects of launching centralized digital currencies in their respective countries. What Happened The Bank of Canada, the Bank of England, the Bank of Japan, Switzerland's Swiss National Bank...

Bitcoin prices have bounced back in 2019 after the cryptocurrency bubble burst last year. A new survey by the Bank of Canada reveals just how bitcoin ownership demographics have shifted over the last few volatile years for the cryptocurrency. The Numbers Bank of Canada found that the number of...

The Bank of Canada is expected to keep the target rate unchanged in March meeting. The sharp deceleration in the fourth-quarter Canadian GDP is set to change the outlook for monetary policy overweighing the oil price increase. Cautiousness is likely to prevail in the communication of the policy...