Bank of Canada cuts rates, says tariffs could stoke persistent inflation
The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 3%, cut growth forecasts and said it was concerned that U.S. tariffs could stoke persistently high inflation. U.S. President Donald Trump is promising to impose a 25% tariff on all imports from Canada on Saturday.
Tariff War Would Push Inflation Higher in Canada, Macklem Says
Bank of Canada Governor Tiff Macklem has managed to wrestle inflation back under control. But a looming US-Canada tariff war now threatens to undo his work on price stability.
Bank of Canada readies for a trade war sparked by possible U.S. tariffs
The Bank of Canada just delivered a quarter-point interest-rate cut that lowers its policy rate to 3%, yet it may be in a bit of a conundrum due to the uncertainty around the timing, scope and duratio
Top Bank of Canada officials speak after latest interest rate cut
Below are some key quotes from a news conference by Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers on Wednesday after the central bank cut its key policy rate by 25 basis points to 3%.
What a sixth Bank of Canada interest rate cut could mean for mortgages as tariffs loom
A series of five consecutive Bank of Canada (BoC) interest rate cuts through 2024 has offered some relief to mortgage holders and at least a flicker of movement in the housing market, but U.S. President Donald Trump’s tariff threat might blunt the effects of today's rate reduction on household budgets.
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Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening
The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at ...
Canada's inflation rate fell to 1.8% in December, with prices declining during GST break
Canada's inflation rate fell to 1.8 per cent in December, with the federal government's GST holiday contributing to a price ...
Canada's annual inflation rate drops to 1.8% in December on sales tax relief
Karen Vasquez, 44, walked out of jail in Cuba on Sunday, part of a deal brokered by the Vatican under which the Biden ...
Fed pauses interest rate cuts as inflation, Trump's plans create uncertainty
The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and ...
When Canada's lending rate goes down, why do some mortgage rates still go up?
As inflation and bank rates fall, some mortgage rates are actually going up. We take a look at why fixed rates aren’t ...
Canada Inflation Eases to 1.8% Thanks to Tax Break
Stripping out the effects of the tax holiday, annual inflation ticked up for December to 2.3%.
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Trudeau Promised a Better Life for the Middle Class. Then Prices Soared.
While the Trudeau government has managed to drive inflation down to about 2 percent from a high of 8 percent in 2022, food prices remain high. And Canada’s economic situation could soon worsen ...
Inflation in Canada Eases to 1.8% on Trudeau Sales Tax Break
For the first time since 2019, Canadian inflation stayed within the central bank’s target range for a full year, a mark of ...
Fed meeting live updates: Rate cuts paused as inflation, Trump's plans create uncertainty
The Federal Reserve is widely expected to make no change to its benchmark federal funds rate at its January meeting, a ...