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Economic analyst DT Cochrane gives his opinion on the Bank of Canada's decision to hold the key interest rate at 4.5 per cent.
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The Bank of Canada has lowered its key interest rate to 3.75 per cent, making a 50-basis-point cut for the first time since the COVID-19 pandemic.
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The Bank of Canada reduced its key interest rate by 50 bps, bringing it down to 3.25 per cent. Economists Charles St-Arnaud, Warren Lovely and strategist Bipan Rai discuss the latest cut.
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Bank of Canada governor Tiff Macklem and senior deputy governor Carolyn Rogers give a statement and answer questions about the central bank's decision to cut its interest rate by 50-basis points to 3.25 per cent.
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The Conference Board of Canada's Chief Economist Pedro Antunes reacts to the Bank of Canada’s interest rate decision.
THE CANADIAN PRESS/Sean Kilpatrick
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The Bank of Canada delivered a second consecutive interest rate cut of half a percentage point on Wednesday.
The central bank’s policy rate now stands at 3.25 per cent after the fifth rate cut in a row.
Bank of Canada Governor Tiff Macklem noted "when you look at all the data, it does tilt towards a softer economic outlook, a softer outlook for GDP growth than we published in October."
The move was widely expected by markets and economists amid signs of a slowdown in Canada’s economy.
While inflation has returned to the Bank of Canada’s target of two per cent, the Canadian unemployment rate rose more than expected in November and real gross domestic product undershot the central bank’s most recent forecasts in the third quarter.
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An in-depth look at the complex process of setting monetary policy.
Statistics Canada says prices rose 2% in August from a year ago, the lowest mark since February of 2021 and down from 2.5% in July. The slowdown in price growth was steeper than forecasters expected and will likely spark speculation of a larger interest rate cut next month from the Bank of Canada. Governor Tiff Macklem recently signalled that the central bank is ready to deliver larger interest rate cuts, if inflation or the economy slow by more than expected.
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In Ottawa, Bank of Canada governor Tiff Macklem discusses the central bank’s decision to lower its policy rate to 3.75 per cent from 4.25 per cent. He is joined by senior deputy governor Carolyn Rogers.
At a news conference in Ottawa, Bank of Canada governor Tiff Macklem discusses the central bank's latest interest rate decision and monetary policy report.
The Bank of Canada cut its benchmark interest rate by 50 basis points, bringing it to 3.25%. This decision was influenced by concerns over weakening economic conditions and the potential impact of tariffs proposed by Donald Trump, which could harm Canadian exports.
The rate cut is aimed at mitigating risks to economic growth and ensuring inflation remains within target. The move reflects broader challenges in global trade and economic uncertainty.
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The Kelowna RCMP will be holding a news conference at 11:30 a.m. to provide an update on the bridge closure.
Vehicles are backed up along the hill approaching the Bennett Bridge from West Kelowna this morning, as the route remains closed.
Kelowna RCMP shut the bridge in both directions around 3:45 a.m. and continue to wait for the explosive disposal unit from the Lower Mainland to arrive on the scene of an incident that involved a person in distress.
A van is parked across both northbound lanes of Highway 97 at the bottom of Bridge Hill. Police took a man safely into custody, but not until after he lit a small fire inside the van.
Vehicles are backed up along the hill approaching the Bennett Bridge from West Kelowna this morning, as the route remains closed.
Kelowna RCMP shut the bridge in both directions around 3:45 a.m. and continue to wait for the explosive disposal unit from the Lower Mainland to arrive on the scene of an incident that involved a person in distress.
The Bennett Bridge reopened Monday afternoon, nearly 11 hours after it was closed due to a police incident.
Cat-Ski operator living off-grid in the Monashees above Beaverdell, B.C. spots a mystery light in the sky. He doesn't believe it's a satellite or an airplane.
For lesson plans, sheet music, accompaniment & vocals tracks, and visual aids for students, go to https://www.teacherspayteacher....s.com/Product/I-Like
For more information on Tots with Tempo's music play and movement classes, go to www.TotswithTempo.com.
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Grab some castanets (or if you don't have castanets, try KITCHEN TONGS!), and stomp-click-click away with Miss Katie. This fun action song explores movement and instrument performance in 3/4 time. Perfect for ages 6 and under. To see full length music class videos and more song videos like this, subscribe to Tots with Tempo T.V. at @. Thanks for watching!
A Lake Country resident shared CCTV video of what appears to be thieves stealing two Amazon packages from his doorstep on Dec. 3, 2024.
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After a decade of hard work at the fish hatchery and more than two decades from the Okanagan Nation Alliance restoration project, the Valley is expected to see a record return this year for sockeye.
