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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...
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