The University of Ottawa has emerged as the winner of the tenth annual Governor’s Challenge, a national student competition organized by the Bank of Canada.
The Bank of Canada has announced a reduction in its target for the overnight rate to 3%, with the Bank Rate set at 3.25% and the deposit rate at 2.95%.
The Bank of Canada's latest Business Outlook Survey for the fourth quarter of 2024 reveals a subdued business sentiment, with firms starting to foresee improvements in sales activity.
The Bank of Canada's Governing Council held a series of meetings starting December 6, 2024, to deliberate on the monetary policy decision announced on December 11, 2024.
The latest Market Participants Survey for the third quarter of 2024, conducted from September 18 to 27, gathered insights from around 30 financial market participants on Canada's economic outlook.
The Bank of Canada has announced the commencement of the registration period for retail payment service providers (PSPs) under the Retail Payments Activities Act (RPAA).
The Bank of Canada has announced a reduction in its target for the overnight rate to 3¾%, with the Bank Rate set at 4% and the deposit rate at 3¾%. This move is part of the bank's ongoing balance sheet normalization efforts.
Good morning. The central bank has announced a reduction in the policy interest rate by 50 basis points, bringing it down to 3.75%. This marks the fourth consecutive decrease since June. "We took a bigger step today because inflation is now back to the 2% target and we want to keep it close to the target," said an official.
Monetary policy efforts in Canada have successfully reduced inflation, bringing it down to around 2%. This level is expected to stay within the Bank of Canada's target range of 1% to 3%. The decline in inflation is attributed to lower energy prices and reduced underlying inflationary pressures. However, the distribution of inflation rates across various components remains broader than usual.