The quarter-point reduction brings the Bank’s overnight target rate to 4.50%, now 50 bps below its peak of 5.00%. In his opening statement following the announcement, Governor Tiff Macklem hinted that more could be forthcoming as long as inflation continues to move in the right direction. “If inflation continues to ease broadly in line with […]

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https://dominionlending.ca/economic-insights/june-home-sales-in-canada-show-early-signs-of-a-pick-up-after-boc-easing

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https://financialpost.com/news/economy/bank-of-canada-cuts-interest-rate-to-4-75

https://dominionlending.ca/economic-insights/weaker-than-expected-canadian-q124-gdp-growth-increases-odds-of-a-rate-cut-next-week

The latest Statistics Canada inflation numbers have brought some more good news for consumers and anyone looking for interest rate relief. The annualized rate of inflation in April dipped again, falling to a three-year low of 2.7%, down from 2.9% in March. Two key components in the inflation calculation saw slowdowns last month: shelter costs, […]

https://dominionlending.ca/economic-insights/canadian-cpi-inflation-eased-in-april-raising-the-chances-of-a-june-rate-cut