Sept. 18, 2024: Stocks Edge Lower After Fed Announces Half-Point Rate Cut
U.S. stocks finished lower after the Federal Reserve voted to cut interest rates by 0.5 percentage point, opting for a more aggressive reduction than investors had been expecting just a week ago. Though traders had anticipated a rate cut, they had been left guessing...
Bank of Canada reduces policy rate by 25 basis points to 4¼%
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. To continue reading please visit Bank of Canada reduces policy...
Bank of Canada cuts key interest rate to 4.75% in widely anticipated move.
The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization. To continue reading......
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global economic growth slowed in the fourth quarter. To continue reading......
Bank of Canada holds key interest rate at 5%, signals shift toward rate cut talks
The Bank of Canada’s decision to maintain its key rate comes as no surprise. Weaker economic growth along with slowing inflation has allowed the central bank to hold its policy rate steady and monitor how the economy is responding to higher rates. To continue reading...
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The global economy is slowing and growth is forecast to moderate further as past...
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. Inflation in advanced economies has continued to come down, but with...
Bank of Canada raises policy rate 25 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. Global inflation is easing, with lower energy prices and a decline in...
Bank of Canada raises policy rate 25 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is also continuing its policy of quantitative tightening. Globally, consumer price inflation is coming down, largely reflecting...
One-year GICs see boom in popularity thanks in part to interest rate hikes
Brandon Brot has found himself much sought after at dinner parties and other gatherings over the past year. Brot, the principal at GIC Wealth Management, which currently has over $500 million under management, says enquiries related to Guaranteed Investment...