3 d. 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

3 d. ago Posthaste: Bank of Canada must cut rates deeper to salvage rocky housing market, say economists

Interest rates remain too high to turbocharge the sector, which is a major contributor to Canada's economy

Other

3 d. 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

4 d. ago Bank of Canada should and will cut interest rates: CIBC’s Benjamin Tal

Watch: 'The housing market in Canada is a tale of two markets, and I think the Bank of Canada will take this into account when making a decision'

Other

4 d. ago Canadians travelling to U.S. hits lowest rate since COVID amid Trump trade war: new data

US Customs and Border Protection says close to a million fewer travellers were logged crossing into the US in March compared to March 2024

Economics

5 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...

Other

2 w. ago Bank of Canada April rate cut still in play as job market weakens, economists say

Tariff uncertainty to continue to weigh on economy and hiring

Other

3 w. ago Batten down the hatches? Canadians cut spending amid tariff fears

Wary of economic hardships, Canadians are becoming more cautious with spending and planning savings, the Bank of Canada noted in its summary of deliberations on Wednesday.

Economics