Tag Archives: Canada

Bank of Canada holds key interest rate at 2.75%, cites ‘unusual uncertainty’

Published June 4, 2025

Analysis: This marks the second hold following 2.25 percentage points of cuts in seven consecutive decisions. The Canadian rate is 1.75% below the US rate which puts pressure on the value of the Canadian dollar. The prime rate charged to consumers and businesses is about 2.00% above the bank rate.

Here is a 10-year chart of the Canadian bank rate:

Canadian bank rate

Here is the 10-year chart for the US bank rate which stands at 4.50% and represents a differential of 1.75% compared to the Canadian bank rate:

U.S. Bank rate

Bank of Canada holds policy rate at 2¾% – Bank of Canada

Cameco (CCO.TO) 4-year weekly chart showing major uptrend with a well defined double bottom that was the entry point

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Published May 23, 2025

Cameco will test the $85 zone near the 2024 high

Cameco 4-year weekly chart showing the major uptrend and the move above the 200-day simple moving average.

https://www.cameco.com

https://www.nytimes.com/2025/05/23/climate/trump-executive-order-nuclear-power.html

Trump wants the U.S. to dominate uranium production. What does that mean for Canada’s miners? – The Globe and Mail

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The annual inflation rate in Canada fell to 1.7% in April of 2025 from 2.3% in the previous month, slightly above market expectations of 1.6%, but still reflecting the softest increase in consumer prices in seven months.

Published May 20, 2025

Analysis: The target rate set by BOC is 2.0% so the rate is within the target range. The slowdown was driven by a decline in energy prices (-1.7% vs -0.3% in March) as the removal of the consumer carbon tax magnified the impact that OPEC oil output hikes had on energy prices. Consequently, prices fell for gasoline (-18.1% vs -1.6%) and natural gas (-14.1% vs 6.4%), lowering costs for transportation (-1.9% vs 1.2%).

Here is a a 10-year inflation chart: 

Canadian 10-year inflation chart
Canadian inflation by category

https://www150.statcan.gc.ca/n1/daily-quotidien/250520/dq250520a-eng.htm?HPA=1

Bank of Canada holds policy rate at 2¾%

Published April 16, 2025

Here is a 10-year chart for the Canadian bank rate:

Ten year chart of the Canadian bank rate

Bank of Canada holds policy rate at 2¾% – Bank of Canada

The current U.S. federal funds rate is between 4.25% and 4.50%. This rate is set by the Federal Reserve and influences other interest rates in the economy.

Here is a 10-year chart of United States Fed Funds Interest Rate:

Here is a 10-year chart of United States Fed Funds Interest Rate

Federal Funds Rate – 62 Year Historical Chart

Federal Funds Rate 62-year long-term chart

https://www.federalreserve.gov

U.S. Federal Reserve can wait on any interest rate moves, Powell says – The Globe and Mail

https://www.macrotrends.net/2015/fed-funds-rate-historical-chart