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…

In the words of Finance Minister Chrystia Freeland, the initiative hopes to improve fairness in the country’s tax system and earmark requirements for several top government initiatives such as housing and economic growth. The amendment will raise the capital gains inclusion rate from 50 per cent to 67 per cent…

According to Statistics Canada, the slowdown in price growth is mostly driven by lower mortgage interest costs and cheaper travel tours. Inflation largely came down across the board. The price increase of groceries slowed to 2.6 per cent compared to the same time a year ago. But those costs are…

With a 50-basis point reduction bringing the key policy rate to 3.25 per cent, this marks the fifth consecutive rate cut since June. Experts anticipate the move will drive increased market activity, particularly during the typically quiet winter months. The reductions in borrowing costs have sparked renewed interest among homebuyers.…

In November, the Canadian Federation of Independent Businesses (CFIB) recorded the highest small business confidence rating in two years. The CFIB report showed a four-point upward movement from its long-held index, almost reaching the historical standard. However, the brightened optimism might come with some stormy challenges in the future. Unfortunately,…