This move comes as the central bank grapples with the economic uncertainty caused by escalating trade tensions with the United States. The policy rate now stands at 2.75 per cent, its lowest level since September 2022. While Canada’s economy showed resilience at the beginning of 2025, the ongoing trade dispute…

Trump recently imposed a 25 per cent tariff on non-energy imports from Canada, alongside a 10 per cent levy on energy imports. In response, Canada unveiled retaliatory tariffs of 25 per cent on $30 billion worth of U.S. goods, with plans to escalate this to $155 billion in three weeks…

However, a White House official has stated that this timeline could change, depending on negotiations between the two countries. There have been no updates on the progress of talks, meaning the tariffs remain on track as originally planned. Earlier this month, Canada was granted a temporary 30-day pause on these…

Carney’s policies aim to generate a more sustainable economic environment without compromising essential services. During a speech in Toronto, Carney highlighted the need for Canada to focus on fiscal responsibility. He also criticized the current government for overspending. Carney took aim at the Trudeau government’s failure to meet spending goals…

According to minutes released by the central bank, Canada’s open economy and heavy reliance on exports to the U.S. make it vulnerable to tariffs and trade disruptions. Projections suggest that while both countries would experience GDP losses, Canada’s would be more pronounced. The Bank of Canada’s governing council noted the…

The findings indicate a deep-seated frustration among Canadians over U.S. President Donald Trump’s trade policies. The poll, conducted by Nanos Research Group, found that 82 per cent of Canadians support increasing the price of oil exports to the U.S. if Trump implements tariffs on Canadian products while exempting energy. 72…

This move comes amid growing economic uncertainty, particularly as the United States threatens to impose hefty tariffs on Canadian imports. Bank of Canada Governor Tiff Macklem cautioned that monetary policy alone cannot counteract the economic strain caused by a prolonged trade conflict. Macklem explained that such a dispute would hinder…

The immediate threat of a 25 per cent tariff has been delayed for now. However, the uncertainty surrounding future trade policies has many business leaders preparing for significant cost increases. Nearly a quarter of respondents to a Bank of Canada survey anticipate higher costs under Trump’s administration. Approximately 18 per…

An initial list of C$150 billion worth of US-manufactured goods has been drafted, intended for retaliatory action should President-elect Donald Trump impose tariffs on Canadian imports. While this list is preliminary, it signals Canada’s readiness to respond in kind. This reflects the approach taken during the 2018 steel and aluminium…

With five rate cuts bringing the overnight rate down from five per cent to 3.25 per cent, 2024 was a monumental year for the Bank of Canada (BoC). The BoC’s announcement of its final cut of the year, 50 basis points on December 12, was accompanied by language forecasting a…