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Bank of Canada

Bank of Canada sign at its office building in Ottawa

News

Bank of Canada lowers interest rate again and may change pace of next cuts

The central bank’s third consecutive rate cut brings key interest rate down to 4.25%.

Bank of Canada lowers interest rate again and may change pace of next cuts
A woman in her late 50s/early 60s smiles, as her husband is behind her about to give her a hug. They're wondering about GICs for his retirement savigs

Ask MoneySense

Is now the time for retirees to sell stocks and buy GICs?

Is now the time for retirees to sell stocks and buy GICs?
A young couple studies GIC rates on a laptop

GICs

Are GICs a good investment right now?

Are GICs a good investment right now?
Canadian family watching movies at home.

Mortgages

The after-effect of market lows: a drop in fixed mortgage rates

Some investors might look at their portfolios, but Canadians getting a mortgage (or renewing one) should keep an eye...

The after-effect of market lows: a drop in fixed mortgage rates

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Specialist James Denaro, right, works at his post on the floor of the New York Stock Exchange, Monday, Aug. 5, 2024. Nearly everything on Wall Street is tumbling as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.

Stocks

Why did the stock markets fall?

Financial markets around the world stabilize after Monday’s fall. Here’s what to know about how we got here.

Why did the stock markets fall?
Two men push a shopping cart across a parking lot

News

Canada’s economy grew 0.2% in May, stronger than expected

Canada’s gross domestic product (GDP) grew slightly, but likely not enough to deter a rate cut in September, experts...

Canada’s economy grew 0.2% in May, stronger than expected
Canadian holding keys to a new home, in hopes that the Bank of Canada rate announcement will have an impact on mortgage rates.

Columns

Making sense of the Bank of Canada interest rate decision on July 24, 2024

Making sense of the Bank of Canada interest rate decision on July 24, 2024

News

Markets bet on second Bank of Canada interest rate cut

Economists and market analysts expect the central bank to cut its benchmark rate this week following a drop in...

Markets bet on second Bank of Canada interest rate cut

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News

BoC considered waiting until July to cut interest rates, summary says

The central bank remains cautious in its approach, noting that it plans to take future interest rate decisions one...

BoC considered waiting until July to cut interest rates, summary says

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