Central Bank Watch
Seventh Canadian Central Bank Rate Cut Since June 2024
March 12, 2025
At 2.75%, the Bank of Canada‘s policy interest rate will be 225 basis points below its former cyclical peak of 5.0% from July 2023 to June 2024. That cumulative decline was more than double the one percentage point reduction of the federal funds rate in the United States and represents Canada’s lowest rate level since […] More
New Overnight Developments Abroad - Daily Update
Some Reprieve in the Panic But Uneasiness Lingers
March 12, 2025
U.S. stock futures were up 0.5-1.0% about an hour before the release of U.S. consumer price figures. In currency trading, the dollar rose 0.6% against the yen despite Bank of Japan Governor Ueda dispelling any notion of imminent direct intervention. He said recent yen appreciation was grounded in fundamental economic trends. Alternatively, the dollar fell […] More
