8 d. ago Another Bank of Canada interest rate cut is on the way and here's what could happen

Amid times of economic uncertainty — an upcoming federal election and tense relations with the U.S. — Canadians are waiting for the next Bank of Canada (BoC) interest rate announcement.The central bank has made two 0.25 per cent cuts to its key interest rate so far this year, with the last one on March 12 bringing the rate to 2.75 per cent.That announcement came a week after U.S. President Donald Trump imposed a 25 per cent tariff on all Canadian goods, and Canada retaliated with counter-tariffs. The BoC claimed the Canadian economy entered the year in a "solid position," saying GDP showed robust growth, and inflation was finally close to the two per cent target.However, with economic aggression from the U.S., BoC officials predicted a slower pace of economic activity and increased inflationary pressures in Canada. The latter concern contributed to the decision to lower the policy rate by a quarter point.The last BoC update did not come with an extensive m...

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3 w. ago Latest U.S. auto tariffs a recipe for higher prices, layoffs across North America

TORONTO AND OSHAWA, ONT. — The auto industry is sounding the alarm about U.S. President Donald Trump’s latest tariff announcement, which could weigh on companies, raise consumer prices and result in job losses. Trump announced Wednesday he would impose 25 per cent tariffs on auto imports to the U.S., set to take effect next week. […]

Economics

3 w. ago Trump’s auto tariffs hit stock market as GM, Ford fall while Tesla rises

General Motors sank 6.8 per cent for one of the market's sharper losses after Trump announced 25 per cent tariffs on imported cars. Ford Motor dropped 2.2 per cent.

Economics

3 w. ago Latest U.S. auto tariffs major concern for heavily integrated North American sector

The auto industry is sounding the alarm about U.S. President Donald Trump’s latest tariff announcement. Trump announced Wednesday he would impose 25 per cent tariffs on auto imports to the U.S., set to take effect next week. He also said the Detroit Three automakers have to move their parts divisions back to the U.S. Flavio […]

Politics

3 w. ago European Stocks Drop as Trump’s New Tariff Hits Carmaker Shares

European stocks fell after US President Donald Trump announced a 25% tariff on auto imports, renewing concerns that his trade policy will hurt corporate earnings and the economy.

Economics

3 w. ago Asian Stocks Decline as Trump Tariffs Sap Risk: Markets Wrap

Asian equities dropped after President Donald Trump imposed a 25% tariff on US auto imports, prompting investors to pare bets on riskier investments due to concerns about growth in the world’s largest economy. Shares of automakers slid.

Economics

3 w. ago European Stock Futures Drop as Trump Saps Risk: Markets Wrap

European stock futures fell after President Donald Trump imposed a 25% tariff on US auto imports, prompting investors to pare bets on riskier investments due to mounting economic growth concerns.

Economics

3 w. ago Trump announces 25 per cent tariff on all auto imports to the U.S.

WASHINGTON — U.S. President Donald Trump on Wednesday signed an executive order to impose 25 per cent tariffs on all automobile imports to the United States next week in a move that further escalated his global trade war and rocked stock markets. Prime Minister Mark Carney called the move a “direct attack” on Canadian auto […]

Economics

3 w. ago Trump’s auto tariffs a ‘direct attack,’ Carney says as leaders react

U.S. President Donald Trump has announced he is putting a 25 per cent tariff on all vehicles made outside the country starting April 2.

Politics