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Bank of Canada Cuts Rates
Bank of Canada cuts rates, says tariffs could stoke persistent inflation
The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 3%, cut growth forecasts and said it was concerned that U.S. tariffs could stoke persistently high inflation. U.S. President Donald Trump is promising to impose a 25% tariff on all imports from Canada on Saturday.
Bank of Canada Cuts Rates, Warns of Economic Shock From Trade Conflict
The Bank of Canada on Wednesday cut its benchmark rate for a sixth straight time, and warned of a significant shock to the economy from a U.S.-Canada trade conflict with tariffs of up to 25%.
Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening
The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%.
Financial Post
15h
Posthaste: Tariffs not the only uncertainty facing Bank of Canada in its next rate moves
“The
Bank
of Canada
isn’t so sure about what comes next, but then again, who is?” Avery Shenfeld, chief economist at CIBC Economics, said in a note following Wednesday’s
rate
cut. Policymakers ...
1d
Royal Bank of Canada: Fundamentally Sound, But Wait For Better Valuation
Royal Bank of Canada maintains a low nonperforming loans to total loans ratio, indicating quality loans. See why I rate RY ...
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