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Bank of Canada note

BoC's target rate is set to be cut in December, the question is by how much

  • By: Kevin Press
  • November 8, 2024 November 8, 2024
  • 15:44

The central bank's next interest rate announcement is scheduled for Dec. 11

Canadian flag and chart

Steeper rates have increased the debt load of low- and middle-income households

Tiff Macklem

Supply shocks create more risks to inflation, Macklem says

Bank of Canada

Central bank says its job has shifted from lowering inflation to maintaining it around the 2% target

Bank of Canada note

Half-a-percentage-point cut could be on tap for Wednesday

Busy mall

Canadians said they're reducing spending, putting off buying big-ticket items

Bank of Canada facade

Adding the role will bring even more perspectives, skills: Macklem

Tiff Macklem

The central bank's next interest rate announcement is scheduled for Oct. 23

Bank of Canada building

The central bank cut its key interest rate earlier this month for the third time this year