34 h. ago TSX rises, U.S. markets mixed after more tariffs take effect, BoC cuts rate

Canada’s main stock index rose Wednesday while U.S. markets were mixed, after 25% tariffs on U.S. imports of steel and aluminum officially kicked in and the Bank of Canada cut its key lending rate by a quarter-point to 2.75 per cent. The S&P/TSX composite index was up 175.14 points at 24,423.34. In New York, the […]

Economics

34 h. ago Canadian dollar looks through Bank of Canada rate cut and tariff mayhem — for now

There are voices in the investor community who think tariffs will win out over inflation, making more rate cuts likely

Economics

34 h. ago U.S. trade ‘crisis’ will drive up prices, Bank of Canada warns after rate cut

OTTAWA — Prices will rise, the economy will suffer and the Bank of Canada can’t lower interest rates enough to shield Canadians from the worst impacts of a prolonged trade war with the United States. That was the stark message Wednesday from the head of the Bank of Canada after the central bank delivered another […]

Economics

35 h. ago House hunting in a trade war? What Bank of Canada’s rate cut means for you

The Bank of Canada cut its benchmark rate by 25 basis points, bringing it down to 2.75 per cent. Experts say the outlook for the housing market remains hazy.

Economics

36 h. ago Interest rate cut to reduce the impact of trade war: CPA Canada’s chief economist

TORONTO, March 12, 2025 (GLOBE NEWSWIRE) — The Bank of Canada’s decision to cut its key interest rate aims at softening the impact of an escalating trade war with the U.S. as the Canadian economy begins to falter from its strong footing at the start of 2025. The trade uncertainty has spiked inflation expectations among […]

Economics

36 h. ago Royal Bank of Canada, TD Bank cut prime rate to 4.95%, following Bank of Canada’s lead

Reduction takes effect March 13

Other

38 h. ago Takeaways on tariffs, jobs and more from the Bank of Canada interest rate decision

The Bank of Canada cut its key interest rate for the seventh time in a row on Wednesday, bringing it to 2.75 per cent. Though the series of rate cuts has eased some pressure on consumers after the central bank hiked rates to fight inflation, the burgeoning trade war with the U.S. has cast a […]

Economics

40 h. ago Bank of Canada cuts benchmark rate to buffer economy against tariffs

The trade spat put the Bank of Canada in a difficult position as tariffs will likely result in a hit to economic growth, but it could also lead to a flare in inflation

Economics

41 h. ago Bank of Canada cuts its key interest rate to 2.75% as tariffs roil economy

OTTAWA — The Bank of Canada lowered its benchmark interest rate by a quarter point on Wednesday as the tariff battle with the United States starts to weigh on the Canadian economy. The policy rate stands at 2.75 per cent after the central bank’s seventh consecutive rate cut. The move was widely expected by economists. […]

Economics

41 h. ago Bank of Canada cuts interest rate by quarter point, citing trade turmoil

Lending rate drops to 2.75% as Trump's tariff war shakes economy

Economics

43 h. ago Bank of Canada expected to cut benchmark rate to buffer economy against tariffs

OTTAWA — The Bank of Canada is expected to announce an interest rate cut today as a cloud of uncertainty looms over the Canadian economy. Economists polled by Reuters widely see the central bank lowering its key lending rate to 2.75 per cent, which would mark its seventh consecutive cut. The decision comes as a […]

Economics

47 h. ago Trump’s escalating trade war looms over Bank of Canada rate announcement

Economists are expecting a further rate cut by the Bank of Canada on Wednesday as the threat of tariffs by U.S. President Donald Trump continues to loom over Canada.

Economics

57 h. ago Bank of Canada could slash rate below 2% if ‘madness continues:’ Benjamin Tal

Watch: 'We are toying with a recession,' says deputy chief economist of CIBC World Markets

Other

65 h. ago Trade War to Force Bank of Canada to Cut Deeper, Economists Say

The trade battle between the US and Canada is prompting economists to predict the Bank of Canada will lower its policy interest rate to 2% this year, almost as low as before the Covid-19 pandemic.

Economics

3 d. ago How will U.S. tariff threat impact Bank of Canada's interest rate announcement?

Experts expect the Bank of Canada to drop the overnight interest rate on Wednesday, but beyond that it is anyone's guess

Economics

3 d. ago Bank of Canada expected to cut interest rate on Wednesday as trade uncertainty with U.S. continues

Balancing weaker economic growth but higher inflation, central bank may trim rate by 25 basis points to 2.75 per cent

Economics

3 d. ago Bank of Canada expected to cut interest rate amid U.S. trade war

The Bank of Canada's interest rate announcement arrives on Wednesday in a cloud of uncertainty thanks to a shifting trade war with the United States.

Economics

3 d. ago ‘Very difficult position’: Bank of Canada expected to cut rate amid trade uncertainty

OTTAWA — The Bank of Canada’s interest rate announcement arrives on Wednesday in a cloud of uncertainty thanks to a shifting trade war with the United States. Most economists expect the central bank will deliver another quarter-point rate cut while it waits to see how long the dispute with Canada’s largest trading partner lasts. The […]

Economics

6 d. ago Bank of Canada rate cut bets get boost from weak job numbers: What economists say

Tariff threats and bad weather bite into Canada's job growth in February

Other

7 d. ago Bank of Canada interest rate change is coming next week and here's what to expect

The Bank of Canada (BoC) brought its key interest rate down by 0.25 per cent to three per cent in 2025's first update in January.At the time, 25 per cent tariffs from the U.S. were a threat, and expert speculation took them into account.The tariffs became a reality earlier this week. Days into tariffs taking effect, U.S. officials hinted at pausing tariffs for another month and removing certain agricultural products from the list of tariffed items.On Thursday afternoon, U.S. President Donald Trump partially reversed sweeping tariffs on some items for another month. The White House said goods compliant with the North American trade agreement will be exempt until April 2.Overall, there is growing uncertainty, and tariffs remain a swinging pendulum.This year's second BoC interest rate update is scheduled for Wednesday, March 12. This time, industry experts have more tariff-related concerns, including the U.S.'s game of will-they-won't-they. Once again, many predict a consecut...

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