News list for " bank of Canada"
According to swap market data, the probability of the Bank of Canada cutting interest rates in October fell to 57% from 72% before the release of the employment data.
Bank of Canada: Canada should weigh the pros and cons of stablecoin regulation.
The Bank of Canada cut its base rate by 25 basis points to 2.50 per cent, in line with market expectations.
The Canadian swap market shows a 38% chance that the Bank of Canada will cut interest rates in September, up from 33% before the jobs data.
RBC Wealth Management said in its 2025 mid-year outlook that the Bank of England could cut interest rates by a total of 75 basis points by the end of 2025 as UK inflation is likely to fall further. UK labour market data appears to be weakening, raising the possibility of more rate cuts by the Bank of England. However, persistently higher inflation and faster wage growth may delay rate cuts, which is also a risk.
Canada's banking regulator has said it is ready to regulate stablecoins and a regulatory framework is being developed.
On June 4, the Bank of Canada kept the base rate unchanged at 2.75% for the second consecutive time, in line with market expectations.
Bank of Canada Governor Michael McCallum: The US trade conflict remains the greatest source of resistance.
Bank of Canada Governor Mike Crumb: If U.S. tariffs cause the economy to stagnate, interest rates may need to be cut.
The Bank of Canada left its key base rate unchanged at 2.75 per cent on Wednesday, saying it was necessary to investigate the impact of US trade policy but saying another rate cut might be necessary if the economy weakened as a result of tariffs. The decision marks the second time in a row that the Bank of Canada has taken a wait-and-see approach, following a nine-month cycle of sharp rate cuts that have cut rates by 225 basis points. "The US-initiated trade conflict remains the biggest headwind...
