As Expected, Canada Cuts Key Rate To 1%

The central bank predicted a period of falling prices as an economic recession takes hold and signaled that further cuts may be on the horizon.

Topics:  cuts   
BING NEWS:
  • Asia FX steady as dollar drops amid rate cut speculation; Indian rupee surges
    The Indian rupee was a standout performer among its Asian peers on Monday, with the USDINR pair- which gauges the number of rupees needed to buy one dollar- sinking 0.5% to 83.059 rupees.
    06/2/2024 - 5:53 pm | View Link
  • Asian stocks surge amid rate cut hopes; Indian election results in focus
    Investing.com-- Most Asian stocks rose sharply on Monday as speculation over interest rate cuts by major central banks boosted appetite for risk-driven assets. Technology-heavy indexes were among the ...
    06/2/2024 - 5:26 pm | View Link
  • FTSE 100 today: London markets set to open higher on growing rate cut bets
    Asian stocks climb on rate cut hopes, oil prices dip despite OPEC+ extension. Eyes on ECB, BOC policy decision and US non-farm payroll data.
    06/2/2024 - 1:33 pm | View Link
  • We’re about to get central bank rate cuts soon—but not from the Federal Reserve: Here’s who is expected to ease in the coming week
    Looking north, the Bank of Canada is in a position to soon begin an easing cycle ... Economists and traders broadly expect the central bank to deliver a 25-basis point cut to its key policy rate on ...
    06/2/2024 - 12:01 pm | View Link
  • Canada GDP Growth Picks Up in 1Q But Pace Lags Expectations
    The 1.7% rise in GDP was slower than the 2.2% growth economists anticipated and well below where the Bank of Canada expected the economy to be.
    05/31/2024 - 4:55 am | View Link
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