In its scheduled announcement, the Bank of Canada maintained the overnight target at 0.25%, consistent with its conditional commitment to maintain the rate at its current effective lower bound until a...

As expected, the Bank of Canada left the target for the overnight rate at 25 basis points, the effective lower bound for the policy rate, and did not implement a quantitative easing program. Economic ...

Since the last Bank of Canada FAD, two major themes have emerged. First, some economic data has been not as bad as feared. Second, the currency is on a tear. But given the surprisingly transparent com...

The Canadian economy has weakened at its fastest pace since the 1990 recession with real GDP falling 3.4% in Q4 2008. January 2009 GDP declined by 0.7%. Canada's unemployment rate hit its highest leve...

Reading through the past several Monetary Policy Reports (MPR) of the Bank of Canada (BoC) a common theme has emerged: “economic conditions have continued to deteriorate requiring more aggressive mone...

The Bank of Canada released the details of its economic forecast changes and the framework Canada would follow if a program of quantitative or credit easing was put into play. This morning's document ...

The Bank of Canada cut 25 basis points, bringing the overnight target to 0.25%. With unprecedented openness, the Bank committed to this interest rate until Q2/2010 in order to anchor longer term inter...

The Bank of Canada cut interest rate by 25 bps to 0.25%, the lowest since the central bank was founded in 1934, and announced that it will be kept at least until 2Q10 as inflation will drop below 2% t...

The Bank of Canada surprised most investors by cutting its main policy rate to only 0.25 percent, and it committed to keep it there until the middle of next year. Today's developments reinforce our vi...

The Bank of Canada cut the target for the overnight rate by 25 basis points to 0.25%, citing a deeper-than-expected recession in Canada and the fact that "measures to stabilize the global financial sy...

The Bank of Canada today announced its rate decision in which they decided to reduce them by 25 basis points to 0.25 percent which is a new record low since 1934 while growth projections were revised ...

Canada's decision to target monetary reserves of C$ billion is textbook “quantitative easing” (not only credit easing), which is the way the Bank of Japan announced policy easing in 2002-04. Canadian ...

The Bank of Canada interest rate decision is clearly a short-term negative factor for the Canadian currency. The downbeat economic assessment also shows that there is a lack of confidence in US and gl...

As the second quarter of 2009 progresses, the Canadian data continues to reveal an economy that is unwinding at a rather alarming pace. On both a domestic and external front, the drivers of growth app...

As widely expected, the Bank of Canada delivered a 50 basis point cut, bringing its overnight rate to 0.50%. With the output gap widening, core inflation having tracked below the 2% target, and financ...

Inline with market expectation, the Bank of Canada lowered interest rate by 50 bps to 0.5%. Governor Mark Carney stated the overnight rate can be expected at or below current level unless there are cl...

The Canadian dollar has pulled back sharply on news that the Bank of Canada cut rates in line with expectations by 50 basis points to a record low of 0.50 percent and indications the Bank may cut rate...

The Bank of Canada cut the overnight rate by 50 basis points to 0.5% largely in line with expectations with futures markets priced for 40 of the 50 basis-point slice. Highlighting the extraordinary co...

The Bank of Canada today lowered its main policy rate to 0.50% and signaled it could follow the Federal Reserve by initiating a program of quantitative easing. "The Bank is refining the approach it wo...

Heading into the March 3rd FAD, the economic data has confirmed the rather rapid deterioration in the Canadian economy, complete with evaporating price pressures. But in addition to the domestic retre...

Much has changed since the release of the Bank of Canada's last Monetary Policy Report Update in October. That release, in the midst of a heightened financial crisis, reflected on the growing evidence...

The statement issued by the Bank of Canada following Tuesday's policy meeting when the overnight rate was cut by 50 basis points to 1% indicated significant revisions to the Bank of Canada's economic ...

Recent economic data clearly show a Canadian economy tilting into recession in the fourth quarter of last year, a full year after the start of the U.S. recession. Against this backdrop of continually ...

Saying that the outlook for the global economy has "deteriorated," the Bank of Canada lowered its overnight rate by 50 basis points to 1.00% today, in line with market expectations. The bank has now l...

The Bank of Canada lowered its overnight cash rate for the fourth consecutive policy meeting, bringing the benchmark to 1.00 percent - its lowest level since the central bank was established back in 1...

The Bank of Canada cut the overnight rate by an as-expected 50 basis points to 1% and reiterated that the global economic backdrop "has deteriorated." The Bank cut the forecast for Canadian economic g...

The Bank of Canada cut rates in line with expectations by 50 basis points to 1.00 percent, which marks the lowest level since the bank was founded in 1934. Meanwhile, the bank's concurrent press relea...

The Bank of Canada cut interest rates to 1.00 percent, the lowest level ever for the 75 year old central bank and signaled that they could bring interest rates down to US levels. The historic move was...

The Canadian dollar is likely to face increased selling pressures over the next 24 hours of trading as the Bank of Canada is widely expected to lower the benchmark interest rate by 50bp to a record lo...

About the only major change since the Bank of Canada last met on December 9 is the pace of deterioration in the economic activity. The Bank of Canada lopped off 75bps from the overnight rate, putting ...

The Bank of Canada released two separate reports today, both pointing towards a dismal 2009. The Canadian Business Outlook Future Sales survey from the fourth quarter of 2008 declined from 3.0 to -34....

The Bank of Canada released both its Business Outlook Survey for winter 2008-09 and its Senior Loan Officer Survey for the fourth quarter of 2008 this morning. The former survey was conducted during t...

The Bank of Canada (BoC) cut interest rates by 75 basis points, beating consensus forecasts for a 50 basis point cut. The BoC's statement contained recognition that the global economic recession will ...

It has been the rule over the past few months that interest rate cuts (even massive ones) would generate little response from the currency market or even ones that were seemingly contradictory. This w...

Bank of Canada announced a rate cut of 75 bp, more than market expectation of 50 bps, bringing the nation's overnight rate target to 1.5%, the lowest level in 50 years. In the accompanying statement, ...

The Bank of Canada cut the overnight rate by 75 basis points to 1.50%, more than the consensus forecast for a 50 basis-point ease. The Bank highlighted that the global economic backdrop "has deteriora...

Acknowledging the Canadian economy "is now entering a recession as a result of the weakness in global economic activity," the Bank of Canada today lowered its target overnight rate by 75 basis points ...

The Bank of Canada took interest rates to a 50 year low this morning of 1.5 percent and signaled that further monetary stimulus may be needed. Their next rate decision is on January 20th and there is ...

The Canadian dollar could face increased selling pressures over the next 24 hours of trading as the Bank of Canada is widely expected to lower the benchmark interest rate by another 50bp to 1.75% as p...

Since the last Bank of Canada meeting on October 21, after having cut the overnight rate by a total of 75 basis points during the entire month, the case for more monetary stimulus has continued to bui...

We expect December to be another active month for the foreign exchange market as central banks around the world take their interest rates to historically significant levels. There are 4 central banks ...

After slashing the overnight rate by 50 basis points (bps) in concert with other major central banks on Oct. 8th, the Bank of Canada (BoC) eased by another 25bps on Tuesday, leaving the overnight rate...

The statement issued by the Bank of Canada following Tuesday's policy meeting, when the overnight rate was cut by 25 basis points to 2.25%, indicated significant revisions to the economic outlook for ...

"The decline of the Canadian dollar since the BoC's decision earlier this week should help to eliminate a common misconception," said Matthew Carniol, chief currency strategist at TheLFB-forex.com. "W...

The Bank of Canada (BoC) cut interest rates by 25 basis points today. While this may have disappointed those who had been expecting a larger 50 basis point reduction, this is likely not the final cut ...

The Bank of Canada cut the overnight rate by 25 basis points to 2.25% on growing concerns about the downside risks to the outlook for Canada's economy. The Bank explicitly stated a bias to reduce the ...

The Bank of Canada cut interest rates by 25bp to 2.25%. This move was smaller than the market expected but still represents 75bp of easing since the beginning of the month. With the Federal Reserve s...

Citing the "severe strains in financial markets," the BoC decided to reduce its overnight rate by 25 basis points to 2.25%. "The global economy appears to be heading into a mild recession, led by a U....

The Bank of Canada cut the overnight rate target by 25bps to 2.25 percent, the second reduction this month after participating in the October 8 coordinated rate cuts with the Federal Reserve and Europ...

The Bank of Canada is widely expected to lower the benchmark interest rate by another 50bp to 2.00% following the unexpected rate cut on October 8th. The coordinated rate cut initiated by the FOMC ear...