Bank of Canada holds key rate steady, but says a future cut is possible OTTAWA: The Bank of Canada on Wednesday held its key benchmark rate at 2.75%, citing the need to probe the effects... Published 04 Jun, 2025 08:29pm
Business & Finance Canadian dollar heads for seventh straight weekly gain TORONTO: The Canadian dollar moved closer on Thursday to a recent five-month high against its US counterpart as oil... Published 19 Apr, 2025 05:45am
Business & Finance Canadian dollar pares weekly gain TORONTO: The Canadian dollar weakened against its US counterpart on Friday, giving back some of its weekly gain, as... Published 07 Apr, 2025 02:49am
Business & Finance Bank of Canada cuts rates to counter tariffs, will be cautious about future moves OTTAWA: The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 2.75% and warned of “a new... Published 12 Mar, 2025 07:38pm
World Trump, not yet in office, already a figure in global economic policy WASHINGTON: The world’s economic reckoning with the incoming administration of U.S. President-elect Donald Trump... Published 19 Dec, 2024 08:23am
Business & Finance Bank of Canada cuts rates by 50 bps, frets over possible Trump tariffs OTTAWA: The Bank of Canada slashed its key policy rate by 50 basis points to 3.25% on Wednesday and indicated that... Published 11 Dec, 2024 09:56pm
Markets Aussie drops after RBA softens tone; US dollar steady before CPI TOKYO: The Australian dollar sank towards a four-month low on Tuesday after the central bank softened its tone on... Published 10 Dec, 2024 09:50am
Markets Loonie, Aussie in focus while US dollar idles SINGAPORE: The Canadian dollar and Australian dollar were in focus on Monday ahead of their central bank meetings... Published 09 Dec, 2024 09:52am
Business & Finance Canada economic growth slows OTTAWA: Canada’s economic growth slowed in line with expectations to 1.0 percent in the third quarter, the ... Published 30 Nov, 2024 06:26am
Business & Finance Bank of Canada head raises prospect of rate cuts as growth fears mount, FT reports Bank of Canada Governor Tiff Macklem opened the door to increasing the pace of interest rate cuts, the Financial... Published 15 Sep, 2024 10:13am
Business & Finance Canadian dollar falls against the greenback TORONTO: The Canadian dollar weakened to a two-week low against its US counterpart on Friday as oil prices fell and... Published 09 Sep, 2024 07:25am
Business & Finance Bank of Canada cuts rates for third time in a row, frets over weak growth OTTAWA: The Bank of Canada on Wednesday cut its key policy rate by 25 basis points to 4.25% as forecast but... Published 04 Sep, 2024 09:07pm
Business & Finance Canadian dollar posts longest losing streak in six years TORONTO: The Canadian dollar weakened for an eighth straight day against its US counterpart on Friday as oil prices... Published 29 Jul, 2024 06:37am
Markets Nikkei little changed ahead of key US data TOKYO: Japan’s Nikkei share average was little changed on Friday as investors sought further direction from a key... Published 08 Jun, 2024 07:00am
Markets Euro steadies ahead of ECB decision, dollar dips SINGAPORE: The euro firmed a touch on Thursday ahead of a policy decision from the European Central Bank (ECB) where... Published 06 Jun, 2024 09:58am
Markets TSX falls near 1% as traders dial back rate cut expectations Canada’s main stock index fell nearly 1% on Wednesday after the Bank of Canada (BoC) ruled out rate cuts until there... Published 10 Apr, 2024 08:17pm
Business & Finance Bank of Canada: can’t cut rates until it sees more inflation progress OTTAWA: The Bank of Canada (BoC) kept its key interest rate unchanged at a near 23-year high of 5% on Wednesday and... Published 10 Apr, 2024 07:58pm
Business & Finance Bank of Canada keeps rates on hold, says too early to consider a cut OTTAWA: The Bank of Canada (BoC) kept its key overnight rate steady at 5% on Wednesday as expected and said it was... Published 06 Mar, 2024 09:07pm
Business & Finance Economists pilloried for getting forecasts wrong PARIS: Economists are taking flak after missing the mark on inflation, failing to anticipate disruptions in global... Updated 04 Feb, 2024 10:10pm
Business & Finance Dollar touches 2-week high, euro weaker NEW YORK: The US dollar touched a two-week high on Wednesday, while the euro was weak across the board as markets... Published 07 Dec, 2023 04:35am
Business & Finance US dollar gains as risk sentiment sours NEW YORK: The US dollar edged higher against a basket of currencies on Wednesday, as investors’ appetite for... Published 26 Oct, 2023 06:08am
Markets J.P.Morgan, Goldman Sachs expect Canada central bank to hold rates next week J.P.Morgan and Goldman Sachs now expect the Bank of Canada to keep policy rates unchanged at 5% for the second... Published 18 Oct, 2023 12:19pm
Markets TSX futures flat on rate hike jitters, lower copper prices Futures for Canada's resource-heavy main stock index were subdued on Thursday as concerns over rising interest rates... Published 29 Jun, 2023 05:00pm
Markets India’s central bank holds rates, as expected MUMBAI: India’s central bank kept its key lending rate steady for a second straight policy meeting on Thursday, as... Published 08 Jun, 2023 10:21am
Business & Finance Bank of Canada hikes rates to 4.75%, highest in 22 years OTTAWA: The Bank of Canada on Wednesday hiked its key overnight benchmark rate to 4.75%, the highest level in 22... Published 07 Jun, 2023 07:48pm
Markets Asian shares extend global rally, oil rises after Saudi cuts SYDNEY: Most Asian stock markets extended a global rally on Monday on optimism the Federal Reserve would pause its... Published 05 Jun, 2023 09:40am
Markets Yen drops, dollar on defensive as central banks seek to reassure markets TOKYO: Currency markets showed some cautious optimism after global authorities moved to stem contagion from a... Published 20 Mar, 2023 10:09am
Business & Finance Canada economy stalls in 2022 fourth quarter OTTAWA: Canada’s economy stalled at the end of 2022 with zero growth, the government statistical agency said... Published 06 Mar, 2023 07:36am
Markets Dollar near eight-month low ahead of central bank meetings SINGAPORE: The dollar lolled near an eight-month low against its peers on Thursday, as a gloomy US corporate... Published 26 Jan, 2023 09:14am
Markets TSX pares weekly gain as investors brace for further rate hikes TORONTO: Canada’s main stock index fell on Friday, including declines for financials and technology, as investors... Published 05 Dec, 2022 05:47am