Bank of Canada cuts rates as it warns trade war 'would badly hurt economic activity in Canada'
“A long-lasting and broad-based trade conflict would badly hurt economic activity in Canada. At the same time, the higher cost of imported goods will put direct upward pressure on inflation,” Bank of Canada Governor Tiff Macklem said in a prepared opening statement on Wednesday.
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 ...
That’s the prediction of Bank of America economists who think Canada’s central bank will cut 25 basis points on Jan. 29 and ...
Royal Bank of Canada maintains a low nonperforming loans to total loans ratio, indicating quality loans. See why I rate RY ...
The Canadian Press on MSN1d
Canada-U.S. interest rate gap widens, but BoC more focused on tariffs: expertsThe gap in interest rate policies between Canada and the U.S. widened further as the Bank of Canada cut its key lending rate ...
The Canadian dollar weakened against the greenback on Wednesday as the Bank of Canada cut interest rates to support the economy ahead of expected U.S. trade tariffs, helping to widen the gap between ...
The US Federal Reserve held US interest rates steady on Wednesday as firmer inflation expectations and uncertainty over the implications of President Donald Trump's agenda cast uncertainty over the ...
President Donald Trump's plan for international tariffs could have impacts on national interest rates. The Federal Reserve is ...
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