interest rate

Canada's central bank cut another half-point off its key interest rate in an emergency move that comes ahead of what the federal Liberals say will be a "significant" stimulus plan to cushion the economic blow from COVID-19.

Canada's central bank was leaning towards cutting its trend-setting interest rate this week before the novel coronavirus pushed it to take a more dramatic step to get ahead of the shock the outbreak will have on the economy, Bank of Canada governor Stephen Poloz says.

The Bank of Canada is widely expected to leave its benchmark interest rate unchanged at 1.75 per cent today, December 05, 2018, after a 25-basis-point increase at its last setting in October.

Crude oil prices dipped to near a nine-month low as they fell for a tenth consecutive day, potentially having an impact on the Bank of Canada interest rate decision next month.

The decision to hike the interest rate arrived in the middle of a trade dispute between Canada and the United States that’s expected to hurt both economies.

The Bank of Canada left its benchmark interest rate unchanged on Wednesday, October 26, 2017, following two straight hikes, but suggested future increases are still likely, albeit at a more-gradual pace.

The Bank of Canada is leaving its trend-setting interest rate unchanged because it believes the economy has yet to show it can stick to the higher growth trajectory.

Financial markets are showing signs of concern about the how well companies can weather the COVID-19 economic crisis, the Bank of Canada said in a report outlining issues the pandemic is having on business and household debt.