24 h. ago ECB Prepares for June Cut as Economy Hurt Even If Trade Is Fixed

European Central Bank officials are preparing to lower interest rates further, expecting lasting damage to the economy from US tariffs even if Donald Trump’s administration softens its stance in the weeks ahead.

Economics

30 h. ago Israeli Economy at Risk From Tariffs, Central Bank Chief Says

Israel’s central bank said that US-imposed tariffs are affecting the Jewish state’s economy as markets and tech investments come under risk.

Economics

2 d. ago ECB’s Vujcic Says Current Tariffs Not Worst Scenario for Europe

European Central Bank Governing Council member Boris Vujcic said the current configuration of US tariffs isn’t the most detrimental for euro-zone growth — striking a more upbeat tone on the outlook than some of his colleagues.

Economics

3 d. ago Russia Set to Hold Rate as Trade Turmoil Clouds Path for Economy

Russia’s central bank is set to hold interest rates at an all-time high as global trade tensions compound risks for the war economy even amid signs that inflation is easing.

Economics

3 d. ago Complacency is the biggest risk that Canada faces, not tariffs, says National Bank CEO

The CEOs of Canada’s biggest banks have emphasized the need to stick to the path of self-reliance in recent weeks

Society

4 d. ago Mexico’s Inflation Unexpectedly Ticked Up as Banxico Cuts Rates

Mexico’s annual inflation unexpectedly ticked up in the first two weeks of April while remaining within the central bank’s target range ahead of policymakers’ interest rate meeting next month.

Economics

5 d. ago Trump says he has ’no intention’ of firing Federal Reserve chair Powell

WASHINGTON  — President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the U.S. central bank caused a stock market selloff.  “I have no intention of firing him,” Trump told reporters.  The U.S. president had […]

Other

6 d. ago ECB’s Inflation Job Is ‘Nearing Completion,’ Lagarde Tells CNBC

The European Central Bank has almost achieved its goal of returning inflation to 2% but must remain flexible as the economic backdrop becomes more volatile, President Christine Lagarde told CNBC.

Economics

7 d. ago S&P/TSX composite down more than 200 points, U.S. stock markets also tumble

TORONTO — Canada’s main stock index was down more than 200 points Monday in a broad-based decline, while U.S. stock markets also fell in late-morning trading amid concerns over President Donald Trump’s latest criticism of the central bank. The S&P/TSX composite index was down 228.99 points at 23,963.82. In New York, the Dow Jones industrial […]

Economics

7 d. ago US Stocks Slump as Trump’s Threat to Fire Powell Adds Pressure

US stocks tumbled as President Donald Trump continued to verbally attack Jerome Powell over monetary policy, raising concern about the central bank’s independence. The dollar fell with long-dated Treasuries.

Events

7 d. ago China Plastic Plants Face Closure Risk as Tariffs Hit US Ethane

Chinese plastics factories that depend on a gas they mainly import from the US are contending with the prospect of shutdowns as the world’s two largest economies bunker down for a prolonged trade war.

Economics

9 d. ago Charting the Global Economy: ECB Cuts Rates While Canada Holds

The European Central Bank and Bank of Canada opted for different policy responses to an escalating trade war, while both acknowledged growing risks to economic growth.

Culture

1 week ago Japan’s Inflation Quickens as Rice Prices Gain Most in 50 Years

Japan’s consumer inflation picked up last month, bolstered in part by surging rice prices, supporting the central bank’s stance on a gradual rate hike path before US tariff measures clouded the economic outlook.

Economics

1 week ago Trump says Federal Reserve Chair Powell’s ’termination cannot come fast enough’

WASHINGTON — President Donald Trump slammed Federal Reserve Chair Jerome Powell on Thursday, reiterating his frustration that the Fed has not aggressively cut interest rates and saying that the central bank leader’s “termination cannot come fast enough.” Trump hinted at moving to fire Powell, whose term does not expire until next year. The Republican president’s […]

Other

1 week ago ECB Cuts Interest Rates Again as Trump Tariff Fears Threaten Recovery

The European Central Bank lowered interest rates for the seventh time since last June as global trade tensions threaten to derail the region’s economic recovery.

Economics

1 week ago Tariffs Risk Higher Costs at New US Nuclear Plant, Says Builder

US tariffs could drive up the costs for a planned nuclear power project in Michigan and result in higher electricity prices for consumers, says the South Korean firm building the plant.

Economics

1 week ago Rate hold means status quo for Canada’s struggling housing market: Experts

Real estate watchers say the Bank of Canada’s decision to hold its key policy rate steady at 2.75 per cent will likely keep a sluggish housing market at the status quo. Wednesday’s announcement marked the first time the central bank has left the benchmark rate unchanged following seven consecutive cuts since June.  Ratesdotca mortgage and […]

Other

1 week ago Bank of Canada holds interest rate steady for first time in 2025

The Bank of Canada (BoC) announced that it's holding its policy rate at 2.75 per cent on Wednesday morning.Before this, the central bank had made two 0.25 per cent cuts to its key interest rate, with the last one on March 12 bringing the rate to 2.75 per cent.On Tuesday, Statistics Canada shared March inflation data, showing that inflation slowed to 2.3 per cent following a 2.6 per cent increase in February.Last week, Ratehub.ca mortgage expert Penelope Graham told us that while Canada had largely dodged the worst of the tariff pain, the BoC's policymakers would assess the impact on our trade partners, and the effect at home, to make a decision on April 16.She said the central bank would be weighing plummeting consumer and business sentiment, based on its own quarterly survey.Upcoming Bank of Canada rate announcementsKeep an eye on the Bank of Canada website at 9:45 a.m. on the following dates:Wednesday, June 4, 2025 (rate update only)Wednesday, July 30, 2025 (rate up...

Other

1 week ago Bank of Canada holds key rate steady amid trade war, economic uncertainty

OTTAWA — The Bank of Canada left its benchmark interest rate unchanged Wednesday as it waits to get a clearer picture of how global trade uncertainty is going to impact the Canadian economy.  The central bank held its policy rate steady at 2.75 per cent, the first time it has left the key rate unchanged […]

Economics

1 week ago Will the Bank of Canada cut interest rates again as trade war deepens?

Some analysts expect the central bank to cut its benchmark rate by 25 basis points, bringing it down to 2.5 per cent, while others expect the rate to be held steady.

Economics