Bank of Canada to ‘reluctantly’ cut rates, CIBC says in breaking from its peers
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After shocking markets with a rate cut in January, another round of monetary stimulus is very much on the table when the Bank of Canada makes its rate announcement at 10 a.m. ET today. Opinion is.
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The Bank of Canada Cuts Rate to 0.5% Posted on July 15, 2015 by penelope graham 1 comment So much for "one and done" – the Bank of Canada has implemented a quarter-of-a-percentage cut to its trend-setting Overnight Lending Rate.
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When the Bank of Canada unexpectedly cut the rate in January by a quarter of a percentage point, the big banks cut their prime rates by 0.15 — but only after a week of hand-wringing about what to do.
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