3 h. ago Bank of Canada Shows Inflation Will Shape Trade War Response

The Bank of Canada made clear that central banks around the world are fighting an entirely different war than the pandemic — but post-Covid inflation fears are haunting policymakers as they try to protect their economies from US President Donald Trump’s tariff barrage.

Economics

5 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

5 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

5 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

6 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

7 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

7 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

9 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

12 h. ago Bank of Canada cuts interest rates: Read the official statement

Reduces key policy rate to 2.75%

Other

12 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

12 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

12 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

14 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

18 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

29 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

31 h. ago Bank of Canada to Cut as Tariffs Strike Economy: Decision Guide

The Bank of Canada is likely to cut interest rates for a seventh straight meeting on Wednesday as the country braces for a trade war that will plunge the economy into recession unless there’s a swift resolution.

Economics

36 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

49 h. 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

53 h. ago Interesting facts you might not know about Canada's next PM Mark Carney

Mark Carney is officially the new leader of the Liberal Party, but beyond his political victory, what do we really know about him?After winning the majority of the votes after Justin Trudeau stepped down, Carney will lead the party against the Conservatives in the next federal election, and much has already been written about his impressive resume.He was the former governor of the Bank of Canada and the Bank of England, a senior associate deputy minister of finance, and a finance adviser to the British prime minister.An economist and career banker, he might be well-known in finance circles, but Canadians may not be entirely familiar with his background.From his hockey aspirations to being compared to George Clooney, here are some things you may not know about the Prime Minister-designate.He's a citizen of three countriesCarney has more than a Canadian passport; he has British and Irish citizenship as well.His grandfather migrated to Canada from Ireland, and according to The Irish Ti...

Transport

56 h. 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