Trump Tariff Threat Marks ‘Major’ Uncertainty for Canadian Economy, Bank of Canada Says
President-elect Donald Trump’s pledge to slap a 25% tariff on imports from Canada in his first days in office has clouded the outlook for the Canadian economy, Bank of Canada Gov. Tiff Macklem said Wednesday.
Bank of Canada cuts rates by 50 bps, frets over possible Trump tariffs
The Bank of Canada slashed its key policy rate by 50 basis points to 3.25% on Wednesday and indicated that further cuts would be more gradual, a shift from previous messaging that continuous easing was needed to support growth.
Ontario premier says US energy exports will be cut off if Trump imposes sweeping tariffs on Canada
Canada’s central bank lowered its key interest rate by half a percentage point while highlighting the risk of U.S. President-elect Donald Trump's threat of tariffs on all Canadian products
Bank of Canada Delivers Second Straight Half-Point Cut
For the second time in a row, the Bank of Canada cut its main interest rate by a half-percentage point, saying lower rates are needed to address weaker-than-expected growth and a softening labor market.
Bank of Canada slashes interest rates with another jumbo cut
Bank of Canada Governor Tiff Macklem also said for the first time that the possibility the new administration of US President-elect Donald Trump might impose tariffs
Canada central bank makes half point rate cut to 3.25%
Canada's central bank on Wednesday lowered its key lending rate by 50 basis points to 3.25 percent, seeking to aid a slowing economy facing uncertainty following a tariff threat from US President-elect Donald Trump.
Bank of Canada cuts interest rate by another 50 basis points as expected
The Bank of Canada cut its key interest rate by 50bps for a second consecutive time in its December decision, as expected by markets. This is the fifth consecutive decrease since June and brings the rate to 3.
Trudeau says Americans are realizing Trump's tariffs on Canada would make life a lot more expensive
Canadian Prime Minister Justin Trudeau said Monday that Americans “are beginning to wake up to the real reality that tariffs on everything from Canada would make life a lot more expensive" and said he will retaliate if Donald Trump goes ahead with them.
Tiff Macklem explained today's rate decision and what he's keeping an eye on going forward
Bank of Canada Governor Tiff Macklem explained today's rate decision and what he's keeping an eye on going forward.
BoC Governor Macklem speaks on outlook after cutting policy rate by 50 bps to 3.25%
The Bank of Canada (BoC) will announce its decision on monetary policy on Wednesday. The BoC is widely anticipated to trim ...
Bank of Canada cuts rates by 50 bps says more gradual approach to follow
The Bank of Canada slashed its key policy rate by 50 basis points to 3.25% on Wednesday to help address slower growth, though ...
Tiff Macklem on BoC rate cut: Monetary policy out of 'restrictive territory'
Governor of the Bank of Canada Tiff Macklem says Canada's monetary policy is no longer on the defense as the December rate cut keeps inflation close to target.
Bank of Canada Delivers Second Straight Half-Point Interest Rate Cut
For the second time in a row, the Bank of Canada cut its main interest rate by a half-percentage point, saying lower rates ...
Canadian Press NewsAlert: BoC delivers jumbo interest rate cut
OTTAWA - The Bank of Canada lowered its key interest rate by half a percentage point, bringing it to 3.25 per cent.