Bank of Canada Cut Rates to Shield Economy From Possible Trade Fallout, Minutes Say
A need to fuel faster growth and shield the economy from U.S. trade-policy uncertainty led senior Bank of Canada officials to agree on a quarter-point rate cut last month, according to minutes summarizing central bank deliberations.
Bank of Canada: GDP level would be permanently hit by protracted U.S. trade war
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Tariff threats are enough to chill Canada’s economy, central bank says
The bank also warned that retaliatory tariffs by Canada and other nations against the U.S. if Donald Trump imposes tariffs could cause a period of inflation.
Bank of Canada says trade war will hurt Canada more than the United States
The Bank of Canada’s governing council members think Canada’s economy will be hurt more by a protracted trade war than that of the United States, according to minutes released by the central bank on Wednesday.
January rate cut came as Bank of Canada weighed U.S. tariff threat
The potential for prolonged trade war with the United States weighed heavily on the Bank of Canada when it decided to cut its interest rate to three per cent last month.
Regulatory Burden Drags Down Canada’s Economic Growth, Agency Says
The rising number of rules and regulations shaved almost 2 percentage points off the growth in output from Canada’s business ...
Canada's economy adds 76,000 jobs in January
Canada's economy added 76,000 jobs in January and the jobless rate edged down to 6.6%, Statistics Canada data showed on ...
Trump's tariffs on Canada and Mexico are delayed. Economic turmoil is here.
While Trump delayed the tariffs on Canada and Mexico, levies on China have taken effect and the trade war and economic ...
Trump's tariffs on Canada, Mexico expected to prompt new trade war, damaging north country economy
Steep new tariffs on goods coming from Canada, Mexico and China are taking effect Saturday — and although the details are ...
Canada to host summit on boosting economy after Trump tariff threat
Canadian business and labor leaders will meet in Toronto this Friday to discuss diversifying trade and boosting the economy ...
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Unemployment rate ticked down to 6.6% in January as economy sees solid month of job gains
Canada's unemployment rate unexpectedly fell and the economy posted another solid month of job gains, Statistics Canada said on Friday, signalling that joblessness has started to ease.
Canada GDP Rebounds After Economy Contracts in November
Canada’s economy ended 2024 on an encouraging note, offering a positive handoff for the new year just as the country braces for the possible shock of tariffs.
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How Canada's retaliatory tariffs will impact the US economy
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