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Canada's economy shrank by a greater-than-expected 0.3% in October, new figures show today

Canada's economy sees biggest contraction in 3 years

Canada's economy shrank by a greater-than-expected 0.3% in October, the largest drop in almost three years, but is expected to stage a partial recovery in November, official data showed today.

Business • 23 Dec 25

Image of a banker at a table with the Canadian flag behind him

Bank of Canada holds rates, says economy is resilient

The Bank of Canada held its key policy rate steady at 2.25% today as widely expected, and Governor Tiff Macklem said the economy was proving resilient overall to the effect of US trade measures.

Business • 10 Dec 25

Canada cuts lending rate to 2.25%, tariff hit 'evident'

Canada's central bank cut its key lending rate to 2.25% today, saying that while the global economy has shown resilience in response to President Donald Trump's trade war, "the impact is becoming more evident."

Business • 29 Oct 25

The Bank of Canada cut its key lending rate to 2.5% today

Bank of Canada cuts key lending rate citing Trump tariffs

Canada's central bank cut its key lending rate to 2.5% today, offering a boost to borrowers in an economy squeezed by US President Donald Trump's trade war.

Business • 17 Sep 25

Canada's annual inflation rate eased to 1.7% in July from 1.9% in June, new figures show today

Canada's annual inflation rate eases to 1.7% in July

Canada's annual inflation rate eased to 1.7% in July from 1.9% in the previous month as lower year-on-year gasoline prices kept the consumer price index low, but core measures of inflation stayed sticky, data showed today.

Business • 19 Aug 25

The Bank of Canada held its key lending rate at 2.75% today

Bank of Canada holds rate steady due to US tariff threats

The Bank of Canada held its key policy rate at 2.75% for the third time in a row today, as expected, and said the risk of a severe and escalating global trade war had diminished.

Business • 30 Jul 25

The Bank of Canada helds interest rate steady today amid tariffs 'unpredictability'

Bank of Canada says tariffs could cause deep recession

The Bank of Canada today held its key policy rate at 2.75%, its first pause after seven consecutive cuts, and said the uncertainty around US tariffs made it impossible to issue regular economic forecasts.

Business • 16 Apr 25

Canada's annual inflation rate showed a surprise jump to 2.6% in February, new figures show today

Canada's inflation jumps to eight-month high

Canada's annual inflation rate showed a surprise jump to 2.6% in February, surpassing expectations as a sales tax break that ended in the middle of last month pushed prices higher amid an already broad-based increase, data showed today.

Business • 18 Mar 25

The Bank of Canada warned today that 'heightened trade tensions' could derail a strong economic start to the year

Canada central bank cuts rates but flags US trade tension

The Bank of Canada has today lowered its key lending rate by 25 basis points to 2.75% while warning "heightened trade tensions" could derail a strong economic start to the year.

Business • 12 Mar 25

The Bank of Canada today cut its key lending rate 25 basis points to 3%

Canada central bank cuts key interest rate to 3%

The Bank of Canada has today cut its key lending rate 25 basis points to 3%, noting that US tariff threats are creating uncertainty for the economy.

Business • 29 Jan 25

The European Central Bank is set to cut rates again by another 25 bps on Thursday

Take Five - Fed, ECB - and more from Trump

It is a big week ahead next week as the US Federal Reserve, European Central Bank and Bank of Canada hold their first meetings of 2025.

Business • 24 Jan 25

Canada central bank makes half point rate cut to 3.25%

The Bank of Canada cut its key policy rate by 50 basis points to 3.25% today and indicated further cuts would be more gradual, in a shift from previous messaging that continuous easing was needed to support growth.

Business • 11 Dec 24

Bank of Canada, which hiked rates to a 20-year high to fight soaring prices, has now cut four times in a row since June

Bank of Canada cuts rates, hails 'good news' on inflation

The Bank of Canada has today reduced its key benchmark rate by 50 basis points to 3.75%, its first bigger-than-usual move in more than four years, and hailed signs the country had returned to an era of low inflation.

Business • 23 Oct 24

The Bank of Canada has again lowered its key lending rate by a quarter basis point to 4.25%

Canada's central bank cuts key lending rate to 4.25%

The Bank of Canada has today further lowered its key lending rate by a quarter basis point to 4.25%, amid signs of a softening economy and lower inflation.

Business • 04 Sep 24

The Bank of Canada said today that more interest rate cuts were likely if inflation continued to cool in line with forecasts

Bank of Canada cuts rates again, frets about low growth

The Bank of Canada has today trimmed its key policy rate by 25 basis points for the second month in row, bringing it down to 4.5%, and said more cuts were likely if inflation continued to cool in line with forecasts.

Business • 24 Jul 24

The Bank of Canada joins Sweden's Riksbank and the Swiss National Bank in bringing down rates that have burdened households and businesses

Canada's central bank cuts key lending rate to 4.75%

The Bank of Canada has today trimmed its key policy rate by 25 basis points to 4.75%, its first cut in four years, and said more easing was likely if inflation continued to ease.

Business • 05 Jun 24

The Bank of Canada said today it was looking for signs that falling inflation will stick before it begins to cut rates

Canada central bank holds key lending rate at 5%

The Bank of Canada has today held its key lending rate at 5%, saying it is looking for signs that falling inflation will stick before it begins to cut rates.

Business • 10 Apr 24

The Bank of Canada increased rates by 475 basis points to a 22-year high between March 2022 and July 2023 and has kept them on hold since then

No changes from Bank of Canada, says too early for cuts

The Bank of Canada kept its key overnight rate steady at 5% today as expected and said it was still too early to consider a cut, given the persistence of underlying inflation.

Business • 06 Mar 24

The Bank of Canada governing council has held interest rates steady at four consecutive policy meetings after last hiking in July

Bank of Canada policy talks shift toward when to cut

The Bank of Canada has today held its key overnight rate at 5% and said while underlying inflation was still a concern, the bank's focus is shifting to when to cut borrowing costs rather than whether to hike again.

Business • 24 Jan 24

The central bank had been on hold since January to assess the impact of previous hikes

Bank of Canada hikes rates to highest in 22 years

The Bank of Canada has hiked its key overnight benchmark rate to 4.75%, the highest level in 22 years, on increasing concerns that inflation could get stuck significantly above its 2% target amid persistently strong economic growth.

Business • 07 Jun 23

The Bank of Canada became the world's first major central bank to pause its tightening campaign last month

Bank of Canada keeps rates on hold - as expected

The Bank of Canada has today left its key overnight interest rate on hold at 4.5% as expected and raised its growth forecast for this year, while dropping language that had warned of a possible recession.

Business • 12 Apr 23

Over the past year, the Bank of Canada has raised rates eight times in a row by a total of 425 basis points to tame inflation

Bank of Canada keeps rates on hold - as expected

The Bank of Canada today left its key overnight rate on hold at 4.5% as expected, becoming the first major central bank to suspend its campaign against spiking inflation, given price pressures are easing as forecast.

Business • 08 Mar 23

The Bank of Canada said its aggressive moves to rein in inflation were working but that the economy was still too hot

Canada's central bank hikes key lending rate to 4.25%

Canada's central bank today increased its key lending rate by 50 basis points to 4.25%, saying its aggressive moves to rein in inflation were working but that the economy was still too hot.

Business • 07 Dec 22

The Bank of Canada today increased its policy rate by half a percentage point to 3.75% - a 14-year high

Bank of Canada surprises in smaller than expected hike

The Bank of Canada has today announced a smaller-than-expected interest rate hike and made clear more increases were still needed, even as it forecast that the economy could soon slip into a slight recession.

Business • 26 Oct 22

The Bank of Canada has today raised its policy rate to 2.5% from 1.5% - and said more hikes would be needed

Bank of Canada surprises with big rate hike

The Bank of Canada has raised its benchmark interest rate by a full percentage point, surprising markets with its biggest rake hike since 1998 in a bid to tame soaring inflation.

Business • 13 Jul 22