Canada’s annual inflation rate dropped to a 40-month low of 2.5% in July, aligning with forecasts, while core inflation measures also eased, according to data released on Tuesday. This development supports expectations that the Bank of Canada may cut interest rates again in September. Analysts surveyed by Reuters had predicted a decrease in inflation to
The USD/CAD exchange rate, which reflects the value of the US dollar against the Canadian dollar, is influenced by a variety of economic factors and geopolitical events. This article will explore the forecast for the USD/CAD exchange rate from September 2024 to December 2025, analyzing trends, key indicators, and potential scenarios that could impact the
The July meeting minutes reveal that a “vast majority” of policymakers considered it “appropriate” to lower borrowing costs. Last month, Federal Reserve officials indicated their readiness to begin cutting interest rates at their September meeting due to slowing job growth and easing inflation. Minutes from their July meeting, released on Wednesday, showed that the “vast
The intense volatility in global financial markets over the past week is swiftly affecting Canadian interest rate forecasts, causing them to drop like autumn leaves in a strong wind. TD, CIBC, and BMO have taken the lead with their revised forecasts, all now anticipating that the Bank of Canada will reduce interest rates more quickly