3 d. ago Tackling tariffs: What some companies are saying, and doing, about tariffs

New York (AP) — Companies from a wide range of industries are having trouble assessing the impact of tariffs because of the constant uncertainty over whether and where the taxes will be imposed next or postponed, sometimes on a daily or weekly basis. Some tariffs remain in place against key U.S. trading partners, but others […]

Economics

9 d. 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 Krystle Wittevrongel: Canada’s Impact Assessment Act is a bureaucratic chokehold

The IAA must be repealed due to its negative impact on Canada’s economic growth

Other

2 w. ago Trump Tariffs Prompt Private Lenders to Triage Their Portfolios

In the days before US President Donald Trump’s sweeping global tariffs were set to go into effect, private credit managers had their heads down, trying to assess the impact to their portfolios.

Economics

3 w. ago Lorne Gunter: Carney can't deliver strong economy with anti oil and gas stance

So, Prime Minister Mark Carney won’t repeal the federal Liberals’ Impact Assessment Act (IAA) if they are re-elected. That means two things: Carney’s not serious about diversifying Canada’s economy and making Canada less dependent on the U.S. And Carney’s pledge “to build one strong Canadian economy” is bogus. His vision of a unified national economy […]

Events

3 w. ago Jamie Sarkonak: Recovery from the lost decade means ditching the Impact Assessment Act

Onerous law requires companies conduct extensive socioeconomic studies, covering sexual health, social cohesion, job markets and diversity

Other