BoC expected to lower interest rates again, with odds leaning toward larger cut
A 50-basis-point cut would put the central bank's key interest rate at 3.25%
- By: Nojoud Al Mallees, Canadian Press
- December 9, 2024 December 9, 2024
- 10:03
A 50-basis-point cut would put the central bank's key interest rate at 3.25%
The policy decision will lower real GDP by $7.9B in 2025, $16.2B in 2026, Conference Board of Canada estimates
Median GDP call revised sharply higher, SIFMA reports
Manufacturers to get 20% made-in-China price advantage in sales to the Chinese government
Meanwhile, those who have lost their jobs are finding it harder to land a new one
The bank's profit level is up about $10M from the same period last year
The economy added 51,000 jobs in November
Political clashes might be inevitable in the next four years
Statistics Canada says the country's merchandise trade deficit narrowed to $924 million in October
Despite the increase, the 2023 life expectancy level remains below pre-pandemic levels
Gap with U.S. continues to grow, underpinning economic disparity
Easing supply chain woes helped push sales higher, the firm says
The bank has also raised its quarterly dividend
The bank's quarterly dividend per share has also gone up
The S&P TSX bank index is up about 12% since last quarter’s results
The firm sees a Canadian dollar in the 69- to 72-cent range, broadening U.S. stock market in 2025
Feds started assembling outreach plan for the next U.S. administration in early 2024