The Bank of Canada has implemented its third consecutive rate cut, reducing its key interest rate to 4.25% on Wednesday, citing the ongoing easing of inflation. While the move was largely expected by economists, the gradual pace of these cuts has raised questions about when the central bank might take more significant action. “If we
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
Expanding on the initial blog draft, let’s delve deeper into each tip, providing more context and practical advice for travellers: Considering these tips, travellers can save money, avoid common pitfalls, and have a more relaxed and enjoyable travel experience.
We are thrilled to announce the grand opening of Monex1’s newest branch in West Vancouver! This exciting expansion marks a significant milestone in our journey to bring top-notch services and exceptional products closer to you. Why Monex1 West Vancouver At Monex1 West Vancouver, our mission has always been to serve our customers with the highest
The unemployment rate in Canada rose to 6.1% in March as more individuals entered the job market and job growth stalled. This development solidifies expectations of a potential interest rate cut in June. According to Statistics Canada’s labour force survey released on Friday, the jobless rate has increased from 5.8% in February to 6.1% in
In 2024, the price of gold has increased by 17%. Costco is seeing a surge in shoppers purchasing gold bars, but they are not the only ones investing in the precious metal. On Friday, investors propelled gold prices to a historic peak, marking the latest surge in a 17% rally witnessed thus far in the
The increase in the carbon tax in British Columbia leads to further escalation of gas prices in Metro Vancouver. Gas prices had been gradually rising before and during the Easter long weekend, but they experienced another surge on Monday due to the carbon tax hike, reaching $2.09 per litre. On Monday morning, gas prices soared