Insights

Show all topics

All Estate Planning Events Personal finance Retirement Special Report Tax Total Client Experience Wealth Legacy Financial Literacy Economy Markets Philanthropy Business Family Health Women and Wealth Lifestyle Community Technology Seniors Investing Responsible Investing Portfolio Advisor Counsellor Quarterly

Bank of Canada cuts by 50 bps, signals more gradual approach to follow

December 11, 2024 |Claire Fan

The Bottom Line: As expected, the Bank of Canada (BoC) cut the overnight rate by another 50 bps to 3.25% on Wednesday, right to the top end of the BoC’s “neutral” range estimate (2.25% – 3.25%). Macklem’s opening statement made clear that with interest...