Bank of Canada considered leaving rates unchanged, governor tells Reuters
The Bank of Canada considered leaving its key policy rate at 3% ahead of a scheduled announcement before concluding it needed to cut for the seventh consecutive time, Governor Tiff Macklem said in an interview on Wednesday.
Bank of Canada Cuts Policy Rate to 2.75% as Economy Faces ‘New Crisis’
The central bank must balance the risk of tariff-fueled higher inflation and the damage to growth from U.S. trade policy, Gov. Tiff Macklem says.
Bank of Canada Cuts Rates for Seventh Time, Warns of “Crisis” from U.S. Trade War
The Bank of Canada has lowered interest rates by 25-basis points, saying that the country is “facing a new crisis” due to its ongoing trade
Bank of Canada cuts rates by 25 bps, warns of tariff crisis
The Bank of Canada trimmed its key policy rate by 25 basis points on Wednesday to 2.75% and raised concerns about inflationary pressures and weaker growth stemming from trade uncertainty and President Donald Trump's tariffs.
U.S. trade 'crisis' will drive up prices, Bank of Canada warns after rate cut
Prices will rise, the economy will suffer and the Bank of Canada can't lower interest rates enough to shield Canadians from the worst impacts of a prolonged trade war with the United States.
Bank of Canada cuts interest rates, warned country faces ‘new crisis’
BoC also said it would “proceed carefully with any further changes” to rates given inflationary pressures from tariffs.
Bank of Canada cuts interest rate as trade war ‘doesn’t bode well’
The Bank of Canada on Wednesday cut its key interest rate, a move that comes just hours after U.S. President Donald Trump issued new steel and aluminum tariffs against Canada. The central bank cut its benchmark rate by 25 basis point,
Bank of Canada cuts interest rate to 2.75% as country faces 'new crisis' from tariffs
The Bank of Canada has cut its overnight lending rate by 25 basis points to 2.75 per cent, it announced on Wednesday, as an ongoing trade war with the U.S. begins to strain the Canadian economy.
Bank of Canada cuts interest rate as U.S. Tariffs take effect
The Bank of Canada lowered its benchmark interest rate by 0.25 percentage points on Wednesday. The policy rate now stands at 2.75%. This is the seventh consecutive rate cut by the central bank. The decision follows new U.
Bank of Canada governor warns of tariff shock to inflation, economy
The Bank of Canada cut its benchmark interest rate by a quarter point as it warns about the impact of the U.S. trade war on the Canadian economy. Governor Tiff Macklem warns that prices are expected to rise in the near term but the economy will also likely weaken,
Bank of Canada cuts key rate, cites 'pervasive uncertainty' of U.S. tariff threats
Bank of Canada governor Tiff Macklem, who cut the bank's key interest rate on Wednesday to 2.75 per cent, says trade conflict with the U.S. can be expected to 'weigh on economic activity, while also increasing prices and inflation.
Forex Factory2h
Canada between rock and hard place
As expected, the Bank of Canada (BoC) cut overnight interest rates by 25 basis points yesterday, lowering the banking system’s base rate to 2.75%, the lowest since September 2022. In his prepared ...
Vancouver Island Free Daily1d
B.C. homeowners to get a break on mortgages, but risks remain: experts
The association representing mortgage brokers in B.C. said British Columbians will see lower mortgage payments after the Bank ...