Bank of Canada considered waiting until July to cut interest rates

The Bank of Canada's governing council thought about waiting until July to lower interest rates but ultimately decided to cut earlier, the central bank's summary of deliberations reveals.

Canada's inflation rate reached 2.7 per cent in April, while measures of underlying price pressures eased as well. On the flip side, the central bank considered the risk that rate cuts could reignite the housing market. According to Statistics Canada, temporary residents represented 6.8 per cent of the population as of April 1.Canada will list Iran's Islamic Revolutionary Guard Corps , a branch of the Iranian Armed Forces, as a terrorist group.The wife of a gunman in a fatal Toronto shooting says he believed the two victims were behind an alleged mortgage investment scheme that defrauded their family.

Preparing to head back to their ridings for the summer, Liberal MPs say that while it's 'not a happy time,' they're gearing up to hit the doorsteps to try to connect with Canadians directly in an effort to turn the tide for their party that's been persistently down in the polls.Toronto, Montreal among the deadliest cities for Canadian heatwaves, federal research suggests

It’s been roughly 66 million years since dinosaurs roamed the earth. And when you see this fossil cast of a daspletosaurus in tight quarters – you wouldn’t want the gap between our times on this planet to be any closer.A steer auctioned off on behalf a Saskatchewan teenager with a rare neurological disorder has raised more than $50,000 for an MRI project in his hometown.

The City of Ottawa is extending the swimming hours at six outdoor pools today and Thursday as the 'heat dome' is expected to bring temperatures of 34 C this afternoon. Environment Canada has issued a heat warning for Ottawa, saying the "prolonged heat event" will continue through Thursday with "dangerously hot and humid conditions" expected.

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Bank of Canada Considered Waiting Until July to Cut Rates(Bloomberg) -- Bank of Canada officials discussed whether to wait until July to cut interest rates, in order to confirm inflation is still on track to reach ...
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Bank of Canada could tilt to July rate cut to benefit from flood of dataThe Bank of Canada (BoC) may dash hopes of a June interest rate cut and instead move in July, which will give it seven more weeks of key data to confirm the ...
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