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.
What Trump tariffs could mean for the Bank of Canada's path forward
While economists expect the Bank of Canada to continue its loosening cycle and cut interest rates on Wednesday, U.S. President Donald Trump’s threat of 25 per cent tariffs has left longer forecasts up in the air,
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%.
Bank of Canada Can Ease Tariff Pain But Can’t Fix Damage, Macklem Says
Bank of Canada Governor Tiff Macklem says the central bank can’t repair the economic damage of a trade war with the US — but he’ll do his best to make it less painful.
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 ...
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Canada’s inflation rate drops to 1.8% in December as sales tax break eases consumer prices
Canada’s inflation rate fell to 1.8% in December, a surprising drop. This decrease is largely due to a sales tax break ...
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 ...
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%.
Trump’s tariff threat worked on Colombia, but his plans for Canada and Mexico carry higher stakes
Trump has repeatedly insisted that tariffs are coming on Canada and Mexico, despite both countries seeking to address his ...
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 ...
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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 ...
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 ...