Bank of Canada interest rate decision coming up amid rate cut speculation

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The Bank of Canada will announce its latest interest rate decision on Wednesday amid speculation that the central bank might start to cut rates.

On balance, financial markets expect the bank to cut its key lending rate by a quarter of a percentage point, but the view is by no means universal, with some expecting it to wait.Bank of Canada governor Tiff Macklem has said a rate cut is within the realm of possibilities, but that the decision will be guided by the economic data. He has said the central bank is seeing what it needs to see, but wants to see it for longer to be confident that progress toward price stability will be sustained.

Palestinian health officials said Israeli strikes killed 11 people overnight into Monday, including a woman and three children, in central Gaza.Research shows that art experiences, whether as a maker or a beholder, transform our biology by rewiring our brains and triggering the release of neurochemicals, hormones and endorphins.

Donald Trump has joined the popular video-sharing app TikTok, a platform he once tried to ban while in the White House, and posted from a UFC fight two days after he became the first former president and presumptive major party nominee in U.S. history to be found guilty on felony charges.Palestinian health officials said Israeli strikes killed 11 people overnight into Monday, including a woman and three children, in central Gaza.

A search effort has been launched for a trio of mountain climbers who were reported overdue after not returning from their excursion near Squamish, B.C.Huge hike in olive oil prices a hit for Vancouver restaurants A man is dead after he lost control of his motorcycle and crashed into a concrete barrier on Stadium Road early Sunday morning.SailGP in Halifax wraps up, Britain takes home gold

 

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