A sign at the Bank of Canada building is seen in Ottawa, on Wednesday, July 24, 2024.
The Bank of Canada lowered its interest rate by 50-basis points to 3.25 per cent on Wednesday.A sign at the Bank of Canada building is seen in Ottawa on July 24. The Bank of Canada lowered its interest rate by 50-basis points to 3.25 per cent on Wednesday. The Bank of Canada lowered its interest rate by 50-basis points to 3.25 per cent on Wednesday.
Economists were largely expecting another weighty cut following a quarterly GDP report that saw growth come in below the central bank's projection and a jobs report that showed an uptick in the unemployment rate.Bank of Canada governor Tiff Macklem and senior deputy governor Carolyn Rogers are expected to speak and take questions from media at 10:30 a.m. ET. The conference will be livestreamed on this page.
Jenna Benchetrit is the senior business writer for CBC News. She writes stories about Canadian economic and consumer issues, and has also recently covered U.S. politics. A Montrealer based in Toronto, Jenna holds a master's degree in journalism from Toronto Metropolitan University. You can reach her at [email protected].
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Should Ottawa really be signing 25-year contracts for cloud services?The government’s tender website says the estimated contract period for cloud services will be 300 months, or 25 years, which is problematic
Read more »
The Ottawa Charge get digitized as PWHL is added to NHL 25You can now lead the Ottawa Charge to victory from the comfort of your couch as the Professional Women's Hockey League (PWHL) has been added to the NHL 25 video game.
Read more »
Risk of freezing drizzle this morning, 15-25 mm of rain for Ottawa tonight and WednesdayIt will be a slippery, slushy commute across Ottawa this morning following the overnight freezing rain, but warm temperatures and heavy rain are on the way for today and Wednesday. A freezing drizzle advisory remains in effect for the City of Ottawa and eastern Ontario.
Read more »
Here's a list of October inflation rates for selected Canadian citiesOTTAWA — Canada's annual inflation rate was two per cent in October, Statistics Canada says.
Read more »
Here's a list of October inflation rates for selected Canadian citiesOTTAWA — Canada's annual inflation rate was two per cent in October, Statistics Canada says.
Read more »
Here's a list of October inflation rates for selected Canadian citiesOTTAWA — Canada's annual inflation rate was two per cent in October, Statistics Canada says.
Read more »