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Bank of Canada 'in a bind' as it holds rates on tariff and inflation worries
The central bank’s decision to maintain interest rates amid trade tensions and rising prices reflects concerns about economic instability, potentially leading to future rate reduct...
Read Full Article →Bank of Canada holds interest rates: Read the official statement
The central bank maintained its benchmark interest rate at 2.75%, signaling a stable monetary policy stance aimed at managing inflation and supporting economic growth.
Read Full Article →Bank of Canada holds interest rate at 2.75% again as 'uncertainty remains high'
The central bank’s decision to maintain the current borrowing cost reflects ongoing economic challenges, particularly due to trade tensions with the United States impacting growth...
Read Full Article →Trump says China’s Xi is ‘extremely hard' to make a deal with
Ongoing difficulties in reaching agreements between the two nations contribute to market uncertainty, potentially affecting trade flows and investment decisions on a global scale.
Read Full Article →Trump doubles tariffs on steel and aluminum
The increased duties on steel and aluminum imports are expected to significantly raise costs for Canadian manufacturers, potentially disrupting supply chains and affecting overall...
Read Full Article →Trump signs order hiking steel, aluminum tariffs to 50%
The recent increase in tariffs on steel and aluminum to 50% is expected to impact import costs and domestic industry competitiveness in the United States.
Read Full Article →New U.S. ambassador says Trump's agenda will benefit Canada
The newly appointed U.S. ambassador suggested that recent American trade policies might create financial advantages for Canada, though he did not provide specific details on the po...
Read Full Article →Independent duty free shops 'just weeks away from closing' as cross-border travel plummets
The sharp decline in cross-border travel has caused a significant reduction in income for independent duty free shops, threatening their ability to continue operating in the near f...
Read Full Article →58% of U.S. imports exempt from Canada's retaliatory tariffs, says new report
Over half of American products brought into Canada remain unaffected by the recent 25 percent tariff applied to $30 billion in goods, potentially mitigating economic impact on bila...
Read Full Article →Financial Post's Barbara Shecter wins top prize at PMAC journalism awards
Barbara Shecter's recognition at the PMAC journalism awards highlights her impactful contributions to financial reporting, underscoring the importance of insightful coverage in the...
Read Full Article →'Utopian' to expect a $200 billion boost to Canada's economy from ending provincial trade barriers,...
A recent report from HEC indicates that eliminating provincial trade barriers may not generate a $200 billion increase in Canada's economy due to ongoing challenges faced by compan...
Read Full Article →BMO sees Bank of Canada rate falling to 2%
According to BMO Capital Markets' chief economist, a potential decrease in the Bank of Canada's interest rate to 2% could influence borrowing costs and overall economic activity in...
Read Full Article →What is the ‘TACO’ trade and why is Trump so upset about it?
The financial importance of the ‘TACO’ trade lies in the uncertainty caused by inconsistent tariff policies, which can disrupt markets and affect investors’ confidence and internat...
Read Full Article →50% tariffs could end Canadian steel exports to U.S.
The implementation of substantial tariffs may lead to significant job losses and a notable decline in steel shipments from Canada to the United States, affecting the industry's ove...
Read Full Article →Bank of Canada expected to hold policy rate as bar to cut is ‘quite high’
The Bank of Canada is likely to maintain its current interest rate, as economic indicators do not clearly support a reduction, despite differing opinions among some financial exper...
Read Full Article →Canadian dollar pushes through 73 cents U.S. on more tariff turmoil and possible Bank of Canada hold
The Canadian dollar’s rise reflects market reactions to ongoing tariff uncertainties and expectations that the Bank of Canada may maintain interest rates, influencing investor conf...
Read Full Article →Trump's tariffs bump in the road for tire company
The implementation of tariffs on essential materials such as rubber and steel may increase production expenses for tire manufacturers, potentially resulting in elevated prices for...
Read Full Article →Posthaste: Markets expect a Bank of Canada pause, but these economists have other ideas
Investors are cautiously anticipating the Bank of Canada to maintain current rates, while some economists predict changes amid ongoing trade tensions and an unpredictable economic...
Read Full Article →Prices on thousands of grocery items to rise despite tariff break, says Loblaw
Despite a temporary relief from tariffs, a wide range of grocery products will experience increased costs, impacting household expenses and overall consumer spending in the coming...
Read Full Article →Costco to source more Kirkland products in Canada to avoid tariffs
The grocery retailer is adjusting its procurement strategy by increasing local production of its private-label items to reduce expenses associated with import duties.
Read Full Article →Atlantic Canada bears brunt of interprovincial trade barriers but offers a path to change
Interprovincial trade barriers significantly impact Atlantic Canada's economy, although improving internal commerce could enhance overall economic integration and growth within the...
Read Full Article →Bank of Canada decision up in air as GDP signals 'frail' economy
Economists analyze recent economic figures that, despite surpassing expectations, reveal underlying weaknesses and create uncertainty about the central bank’s upcoming interest rat...
Read Full Article →Canada's economy grows faster than expected in first quarter
The Canadian economy expanded by 2.2% in the first quarter, surpassing forecasts due to increased export activity that helped mitigate the impact of U.S. trade restrictions.
Read Full Article →Posthaste: Canadian parents are anxious about trade tensions and it's affecting their RESP contribut...
Rising concerns over international trade disputes have led Canadian families to adjust their savings plans, resulting in decreased investments toward education-specific financial a...
Read Full Article →U.S. court ruling deals legal blow to Trump’s tariffs, but no relief for Canada just yet
The recent judicial decision impacts the enforcement of certain U.S. import duties, yet it is unlikely to immediately alter trade conditions or provide economic benefits for Canadi...
Read Full Article →David Rosenberg: Latest labour data shows Canadians are begging the Bank of Canada for renewed rate...
The recent increase in unemployment suggests growing economic challenges, which may prompt the Bank of Canada to consider lowering interest rates to support financial stability and...
Read Full Article →Alberta wildfires pose growing threat to oil output
The increasing number of wildfires in Alberta is likely to disrupt local oil production, potentially affecting supply levels and causing fluctuations in energy markets.
Read Full Article →U.S. economy shrinks 0.2% on weaker spending, tariff impacts
Thursday’s report revealed a slight contraction in economic activity, reflecting reduced consumer and business expenditures alongside the ongoing effects of trade restrictions on o...
Read Full Article →Posthaste: What the tariff ruling that shook the world means to Canada
The recent decision on import duties introduces new uncertainties that could influence Canada's international commerce and economic stability moving forward.
Read Full Article →Trump’s 'Liberation Day' tariffs back on after appeals court decision
The reinstatement of previously halted tariffs following the appeals court’s ruling could influence import costs, trade balances, and revenue streams for businesses and the federal...
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