Finance Archives - Page 4 of 45 - Dominion Lending Centres

Weak Canadian Labour Force Survey Sets The Stage For Further Rate Cuts

September 6, 2024

Weaker-Than-Expected August Jobs Report Raises Prospect Of Larger Rate Cuts Statistics Canada released August employment data today, showing continued growth in excess supply in labour markets nationwide. Employment changed little last month, up 22,100. The employment rate—the proportion of the population aged 15 and older who are employed—decreased a tick to 60.8%, marking the fourth consecutive monthly decline and the 10th decline […]

Bank of Canada Cuts Policy Rate By 25 bps to 4.25%

September 4, 2024

Bank of Canada Cuts Rates Another Quarter Point Today, the Bank of Canada cut the overnight policy rate by another 25 basis points to 4.25%. This is the third consecutive decrease since June. The Bank’s decision reflects two main developments. First, headline and core inflation have continued to ease as expected. Second, as inflation gets closer to the target, the […]

Canadian Q2 Real GDP Growth A Bit Stronger Than Expected, But Per Capita Real GDP Falls for The Fifth Consecutive Quarter

August 30, 2024

Q2 Canadian Growth, Boosted By Record Population Gains, Slows In June And July Canada’s economy grew a bit more than expected in the second quarter, but falling per-capita gross domestic product and softening household consumption assure the Bank of Canada that it will cut rates for a third consecutive meeting next week. Canadian GDP rose 2.1% annually in the second quarter, […]

Canadian Inflation Cools to 2.5% y/y in July, Ensuring BoC Rate Cut on Sept 4

August 20, 2024

More Good News On The Canadian Inflation Front Inflation in Canada decelerated once again in July to its slowest pace in three years, assuring the central bank will cut rates for the third consecutive meeting on September 4. The US is also widely expected to begin easing monetary policy at its September confab. The annual inflation rate in Canada fell […]

August Housing Activity Flat Despite Rate Cuts.

Weak Canadian Labour Force Survey Sets The Stage For Further Rate Cuts

Bank of Canada Cuts Policy Rate By 25 bps to 4.25%

Canadian Q2 Real GDP Growth A Bit Stronger Than Expected, But Per Capita Real GDP Falls for The Fifth Consecutive Quarter

Canadian Inflation Cools to 2.5% y/y in July, Ensuring BoC Rate Cut on Sept 4