Daily News

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement. Today, we lowered the policy interest rates by 25 basis points to 4.25%. This is...

The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is continuing its policy of balance sheet normalization. The...

How quickly interest rates will come down is still up in the air We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Odds of a half-point Bank of Canada cut are rising,...

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Currency is fresh off its best monthly gain so far in 2024When the Bank of Canada eases monetary policy and the economy slows, money managers usually brace for a weaker loonie. We apologize, but this video has failed to load. Try refreshing your browser,...

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by BMO Global Asset Management BMO Global Asset Managem...

Economists predicting cuts at every meeting for the remainder of the year and into 2025The Bank of Canada is widely expected to cut its policy interest rate by 25 basis points on Wednesday and there are few indications that it will stop there, economists say...

Democratic proposal faces long odds but has nevertheless alarmed ultra-wealthy venture capitalists, entrepreneurs and investorsA novel proposal to tax the unrealized gains of wealthy Americans has incited fury from Silicon Valley‘s richest investors. We...

Since the 1960s, spending has declined faster just four timesHousehold spending per person in Canada is falling at a pace only previously seen during recessions. After adjusting for inflation, the measure fell 1.3 per cent in the second quarter from the year...

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by BMO Global Asset Management BMO Global Asset Managem...