Tag #Bank Of Canada

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Bank of Canada Holds Interest Rate Amidst U.S. Tariff Uncertainty

The Bank of Canada held its key interest rate steady at 2.75 percent on Wednesday, citing uncertainty over U.S. tariffs and a softening Canadian economy, despite recent stronger-than-expected economic data and firmer underlying price pressures.

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Bank of Canada Holds Rates Amid Trade War Uncertainty

The Bank of Canada held its key interest rate at 2.75 percent on Wednesday, pausing its easing cycle due to uncertainty created by the U.S.-China trade war, following seven consecutive rate cuts since last summer and amid mixed economic data, including lower-than-expected inflation in March.

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Canada Faces Recession Risks Amidst U.S. Trade War

Growing recession risks in Canada linked to the U.S.-led trade war are pushing the Bank of Canada toward further interest rate cuts, despite economists' differing views on the immediate future, with a majority (60%) predicting the central bank will hold steady this week. The recent drop to 1.2% grow...

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Canadian Mortgage Renewals: 2025 Rate Shock and Strategies

The 2025 Canadian mortgage renewal wave, impacting 60 percent of outstanding mortgages by year-end 2026, will see 40 percent of borrowers facing higher interest rates due to the 300-400 basis point increase since 2020 pandemic-era lows, prompting borrowers to shop around six months ahead of their ma...

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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.

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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...

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Bank of Canada's High-Stakes Rate Decision Amid Economic Uncertainty

The Bank of Canada faces a high-stakes interest rate decision today, amid slowing inflation, strong wage growth, and global uncertainty; small business owners like Greg Eaton of Cranbrook, B.C.'s Baker Hotel already grapple with rising costs and trade volatility, illustrating the immediate local imp...

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Bank of Canada Faces Tough Interest Rate Decision Amidst Uncertainty

Faced with volatile markets, a federal election, and erratic U.S. trade policy, the Bank of Canada must decide this week whether to cut interest rates further or maintain them at 2.75 percent; conflicting economic data and differing expert opinions complicate the decision.

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Bank of Canada Cuts Interest Rate Amidst US Trade War Uncertainty

On Wednesday, the Bank of Canada cut its policy interest rate to 2.75 percent, its seventh consecutive cut, largely due to high economic uncertainty caused by the US trade war and fluctuating policies, despite mixed economic indicators.

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Bank of Canada Cuts Rates Amidst US Trade War Uncertainty

On January 29th, the Bank of Canada lowered its policy interest rate by 0.25 percentage points to 3 percent, primarily due to concerns about the potential for a protracted trade war with the United States and its effect on business confidence, investment, and consumer sentiment, despite recent posit...

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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...

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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.

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32% Bias Score

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Showing 13 to 24 of 33 results