Browsing: Bank of Canada

The Bank of Canada held its key interest rate steady at 2.75%, underscoring ongoing uncertainties tied to tariff negotiations. With trade talks remaining unpredictable, the central bank chose a cautious approach amid a clouded economic outlook

The Bank of Canada’s governing council recently explored the idea of slashing interest rates once more in April, highlighting their persistent worries about economic growth. This discussion is part of a larger strategy aimed at tackling inflation while bolstering the Canadian economy.

The Bank of Canada has chosen to keep its interest rates steady as it carefully evaluates the effects of recent tariffs on the economy. This decision highlights the central bank’s commitment to striking a balance while addressing new economic hurdles.

Analysts at Desjardins predict a modest decline in the Bank of Canada’s interest rate. This careful strategy highlights the persistent economic hurdles we face, all while striving to uphold stability within our financial system.

The Bank of Canada has decided to maintain its key interest rate at 2.75%, citing concerns that escalating trade tensions could lead to a potential recession. The decision reflects ongoing economic uncertainty amid global trade disputes.

Former Bank of Canada governor, Stephen Poloz, has cautioned that Canada is at a significant disadvantage in the ongoing trade war, stating, “We’re seriously outgunned.” His remarks highlight the challenges facing Canada’s economy amidst escalating global tensions.

The OECD warns that the Bank of Canada may have to raise interest rates by up to 1.25% in the event of a full-blown tariff war. This increase aims to combat inflationary pressures stemming from heightened trade tensions, impacting economic stability.