Bank of Canada Expected to Cut Rates Amidst US Tariff Impact
Money markets anticipate the Bank of Canada will cut interest rates by 0.25 percentage points next month and potentially another 0.25 percentage points in April due to the negative economic effects of recently imposed US tariffs on Canadian imports, causing a predicted recession later this year.
Bank of Canada Expected to Cut Rates Amidst US Tariff Impact
Money markets anticipate the Bank of Canada will cut interest rates by 0.25 percentage points next month and potentially another 0.25 percentage points in April due to the negative economic effects of recently imposed US tariffs on Canadian imports, causing a predicted recession later this year.
Progress
44% Bias Score
US Tariffs Could Send Canada into Recession: Bank of Canada
The Bank of Canada projects that across-the-board 25 percent US tariffs on Canadian imports, along with retaliatory tariffs, could slash Canada's economic growth by up to 3 percentage points and boost inflation by 0.1 to 0.8 percentage points in the first year, with the impact lessening in later yea...
US Tariffs Could Send Canada into Recession: Bank of Canada
The Bank of Canada projects that across-the-board 25 percent US tariffs on Canadian imports, along with retaliatory tariffs, could slash Canada's economic growth by up to 3 percentage points and boost inflation by 0.1 to 0.8 percentage points in the first year, with the impact lessening in later yea...
Progress
40% Bias Score
Canada's Unexpected Job Boom Fuels Debate on Interest Rates
Canada's economy added 91,000 jobs in December 2016, exceeding expectations significantly, lowering the unemployment rate to 6.7 percent and sparking debate about the Bank of Canada's interest rate policy amidst concerns about U.S. tariffs and a potentially weakening Canadian dollar.
Canada's Unexpected Job Boom Fuels Debate on Interest Rates
Canada's economy added 91,000 jobs in December 2016, exceeding expectations significantly, lowering the unemployment rate to 6.7 percent and sparking debate about the Bank of Canada's interest rate policy amidst concerns about U.S. tariffs and a potentially weakening Canadian dollar.
Progress
40% Bias Score
Canadian Dollar Shows Signs of Stabilization Amidst Political Uncertainty
The Canadian dollar is at its weakest since March 2020 at 69.8 cents U.S., but stabilizing economic data and a potential change in government suggest a less bearish outlook, despite the recent political turmoil in Canada and the previous threat of a 25% U.S. tariff.
Canadian Dollar Shows Signs of Stabilization Amidst Political Uncertainty
The Canadian dollar is at its weakest since March 2020 at 69.8 cents U.S., but stabilizing economic data and a potential change in government suggest a less bearish outlook, despite the recent political turmoil in Canada and the previous threat of a 25% U.S. tariff.
Progress
48% Bias Score
Bank of Canada Shifts to Gradual Rate Cuts Amidst Economic Uncertainty
The Bank of Canada shifted to a more gradual approach to monetary policy due to a tepid labor market, weaker-than-expected GDP growth, and significant uncertainty surrounding US tariffs and immigration policy changes.
Bank of Canada Shifts to Gradual Rate Cuts Amidst Economic Uncertainty
The Bank of Canada shifted to a more gradual approach to monetary policy due to a tepid labor market, weaker-than-expected GDP growth, and significant uncertainty surrounding US tariffs and immigration policy changes.
Progress
40% Bias Score
Bank of Canada Cuts Rates, Signals Slower Pace of Cuts Ahead
The Bank of Canada cut its key interest rate by half a percentage point to 3.25 per cent on Wednesday, its fifth cut since June, amid rising economic uncertainty and slowing growth, signaling a potential slowdown in the pace of future rate reductions.
Bank of Canada Cuts Rates, Signals Slower Pace of Cuts Ahead
The Bank of Canada cut its key interest rate by half a percentage point to 3.25 per cent on Wednesday, its fifth cut since June, amid rising economic uncertainty and slowing growth, signaling a potential slowdown in the pace of future rate reductions.
Progress
16% Bias Score
Canada's GDP Unexpectedly Contracts Amidst Widespread Work Stoppages
Canada's November GDP unexpectedly shrank by 0.2 percent due to widespread work stoppages in transportation and ports, impacting mining, quarrying, oil sands extraction, and overall transportation, defying analysts' predictions and raising concerns about the Bank of Canada's monetary policy effectiv...
Canada's GDP Unexpectedly Contracts Amidst Widespread Work Stoppages
Canada's November GDP unexpectedly shrank by 0.2 percent due to widespread work stoppages in transportation and ports, impacting mining, quarrying, oil sands extraction, and overall transportation, defying analysts' predictions and raising concerns about the Bank of Canada's monetary policy effectiv...
Progress
40% Bias Score
Bank of Canada to End Quantitative Tightening Program
The Bank of Canada plans to halt its quantitative tightening (QT) program in the first half of 2024, resuming asset purchases to stabilize its balance sheet at a higher level than before the pandemic; this impacts commercial banks and market liquidity.
Bank of Canada to End Quantitative Tightening Program
The Bank of Canada plans to halt its quantitative tightening (QT) program in the first half of 2024, resuming asset purchases to stabilize its balance sheet at a higher level than before the pandemic; this impacts commercial banks and market liquidity.
Progress
32% Bias Score
Canada's October Economic Growth Exceeds Expectations, but November Contraction Looms
Canada's economy unexpectedly grew by 0.3 percent in October due to increased oil and gas extraction and manufacturing, but November likely saw a 0.1 percent contraction, potentially affecting the Bank of Canada's growth projections for the fourth quarter.
Canada's October Economic Growth Exceeds Expectations, but November Contraction Looms
Canada's economy unexpectedly grew by 0.3 percent in October due to increased oil and gas extraction and manufacturing, but November likely saw a 0.1 percent contraction, potentially affecting the Bank of Canada's growth projections for the fourth quarter.
Progress
36% Bias Score
Loonie's Plunge Creates Investment Dilemma for Canadians
The Canadian dollar has fallen to a four-year low against the U.S. dollar, creating a dilemma for investors holding U.S.-dollar assets, who are seeing unexpectedly high returns in Canadian dollar terms due to the currency exchange, despite the Bank of Canada's interest rate cuts and trade uncertaint...
Loonie's Plunge Creates Investment Dilemma for Canadians
The Canadian dollar has fallen to a four-year low against the U.S. dollar, creating a dilemma for investors holding U.S.-dollar assets, who are seeing unexpectedly high returns in Canadian dollar terms due to the currency exchange, despite the Bank of Canada's interest rate cuts and trade uncertaint...
Progress
48% Bias Score
Canadian Household Interest Payments Decline as Debt-to-Income Ratio Falls
Canadian household interest payments fell 0.6% to $176.9 billion in Q3 2023, the debt-to-income ratio dropped to 1.73, and the savings rate hit a three-year high of 7.1%, suggesting improved financial health despite income inequality and upcoming mortgage resets.
Canadian Household Interest Payments Decline as Debt-to-Income Ratio Falls
Canadian household interest payments fell 0.6% to $176.9 billion in Q3 2023, the debt-to-income ratio dropped to 1.73, and the savings rate hit a three-year high of 7.1%, suggesting improved financial health despite income inequality and upcoming mortgage resets.
Progress
36% Bias Score
Canada Unemployment Jumps to 6.8%, Fueling Rate-Cut Bets
Canada's unemployment rate unexpectedly rose to 6.8 percent in November, the highest since 2017, despite a 50,500 job increase, prompting increased expectations for a significant interest rate cut by the Bank of Canada next week.
Canada Unemployment Jumps to 6.8%, Fueling Rate-Cut Bets
Canada's unemployment rate unexpectedly rose to 6.8 percent in November, the highest since 2017, despite a 50,500 job increase, prompting increased expectations for a significant interest rate cut by the Bank of Canada next week.
Progress
36% Bias Score