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Bank of Canada Is Expected to Cut Interest Rate Today
The Bank of Canada is expected to announce a rate cut today at 9:45 a.m. ET. In June, the central bank cut the benchmark rate to 4.75%, the first reduction in over four years. With inflation easing to 2.7% and the economy’s sluggish growth, economists widely predict another cut.
The unemployment rate rose to 6.4% in June, and money markets have priced in an 86% probability of a 25 basis point cut. A Reuters survey shows that 22 out of 30 economists expect the rate to drop to 4.5% today. Read more
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Alexa Voice Remote Pro, includes remote finder, TV controls, backlit buttons, requires compatible Fire TV device
$31.99 (as of December 11, 2024 01:59 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
All-new Amazon Echo Spot (2024 release), Smart alarm clock with vibrant sound + Alexa, Black
$69.99 (as of December 11, 2024 01:59 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
