Meanwhile, the orange guy seems to be closing in on the Fed boss, Jerome Powell.

The BoC meets next on July 30 and unless the economic landscape improves we can expect the Bank to continue its wait-and-see stance and maintain interest rates.

The Pound Canadian Dollar (GBP/CAD) exchange rate traded in a narrow range on Wednesday following the Bank of Canada (BoC)’s latest interest rate meeting.

This drop in the BoC's overnight rate will eventually prompt a reduction in the prime rate lenders use to establish borrowing costs on mortgages, auto loans and other debt products.

We expect BOC’s return on equity to decline to 8% by 2029 from 9.5% in 2024. Our earnings outlook for BOC is less optimistic than for other state-owned banks.

The BoC reduced its rate by 25 basis points to 2.75% on Tuesday, in response to heightened trade tensions and tariffs imposed by the United States, which are expected to slow economic growth and ...

The BoC reduced its rate by 25 basis points to 2.75% on Tuesday, in response to heightened trade tensions and tariffs imposed by the United States, which are expected to slow economic growth and ...

When the BoC raises or lowers the overnight rate, Canada’s big financial institutions typically increase or decrease the prime rate by the same amount.

The BoC has also removed forward guidance from its policy statement, citing the current economic uncertainties. Governor Tiff Macklem, in a press conference, explained the decision to withdraw rate ...

The BoC decision to reduce interest rates comes as inflation eases to 1.8% — well within the BoC's target range — while the Canadian economy continues to show signs of recovery after a ...

The Bank of Canada delivered another interest rate cut on Wednesday, reducing its policy rate by a quarter percentage point to three per cent.