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Canada's economy grew at an annualized rate of 1% in the third quarter, undershooting the Bank of Canada's forecast of 1.5%, after growing 2.2% in the prior quarter.
The Monday announcement sent the Canadian dollar down 1.5% to as low as 1.45 against the dollar, touching its weakest level in nearly five years, while the peso fell by as much as 1%.
The Bank of Canada is expected to continue its easing cycle at a policy decision next Wednesday. Domestic data on Thursday showed that Canada's trade deficit narrowed to C$924 million ($657.60 ...
That should happen on Sept. 7, with money markets leaning toward a hike of 75 basis points, which would take the policy rate to 3.25%. Bank of Canada expected to push interest rates into ...
The banks moved quickly in response to the central bank's rate hike and Monetary Policy Report Wednesday morning.
interest rate (%) Change Effective date of last change Average inflation rate 2017–2021 (%) by WB and IMF [1] [2] as in the List Central bank interest rate minus average inflation rate (2017–2021) Afghanistan: 6.00 3.00: 24 July 2021 [3] 3.38 2.62 Albania: 2.75 0.25: 6 November 2024 [4] 1.78 0.97 Algeria: 3.00 0.25: 29 April 2020 [5] 4.14 ...
The loonie was trading 0.1% higher at 1.4135 to the U.S. dollar, or 70.75 U.S. cents. Like Canada, Australia and New Zealand are major commodity producers, so their currencies tend to be sensitive ...
On Wednesday, the central bank slashed its benchmark interest rate by half a percentage point to 3.25%. Canada's 2-year yield has fallen this week as much as 126 basis points below its U.S ...