On June 4, the Bank of Canada held its key interest rate at 2.75% for the second consecutive time. The central bank cited “unusual uncertainty” around inflation and unknowns about trade tensions with the U.S. Bank of Canada Governor Tiff Macklem said that U.S. tariffs continue to be the “biggest headwind” facing Canada. Macklem noted […]
Tag Archives: interest rates
05
Jun
Jun
The Canadian economy surprised to the upside in the first quarter, with gross domestic product (GDP) growing 2.2%. That’s far higher than the 1.5% growth economists had been predicting. There’s a reason for the solid economic growth, though. The big increase was fuelled by a bump in exports as businesses increased their inventory ahead of […]
22
May
May
The financial landscape is riddled with uncertainty. From ongoing trade tensions between Canada and the U.S. to global supply chain disruptions and geopolitical instability, Canadian investors are feeling the ripple effects everywhere. Stock market volatility and economic slowdowns are creating a challenging terrain for those planning portfolios, retirement strategies, or even short-term investments. The good […]
08
May
May
U.S. President Donald Trump has said that his global trade war will introduce a new “golden age” for the U.S. economy, one that includes lower prices, greater wealth, and more jobs. This new economic renaissance will, President Trump has claimed, be a result of his global tariffs. Despite saying his tariffs will bring in $2 […]
24
Apr
Apr
On April 16 the Bank of Canada announced it was holding its key policy rate, which directly impacts interest rates, at 2.75%. This was the first pause in interest rates after it announced seven consecutive interest-rate cuts. Financial markets and analysts were split on whether the Bank of Canada should deliver another quarter-point interest-rate cut […]
21
Apr
Apr
U.S. President Donald Trump’s unpredictable global tariffs continue to upend relations with the nation’s closest allies. Meanwhile, President Trump’s trade war, unexpected 90-day pause on tariffs, ramped-up tariffs on China, backpaddling on some tariffs against China, and promise that no country is “off the hook” on U.S. tariffs, continue to leave the stock market in […]
10
Apr
Apr
There are more than enough reasons to think the Bank of Canada will be forced to lower its key lending rate, which impacts interest rates, more deeply and quickly than previously thought. The biggest threat to the Canadian economy right now is U.S. President Trump’s barrage of tariffs, which has sent global stock markets reeling. […]
03
Apr
Apr
On February 19, the S&P 500 hit a record intra-day high of 6147.43. It’s been all downhill since then as U.S. President Donald Trump’s wavering tariffs threats undermine consumer optimism, fears of a recession, and a big dent in corporate profits How Will Tariffs Impact U.S. Stocks? The S&P 500 is down roughly 10% since […]
27
Mar
Mar
At the March Federal Open Market Committee (FOMC) meeting, the Federal Reserve kept its key overnight lending rate, which directly impacts interest rates, in a range of 4.25% to 4.5% for the second consecutive meeting. This came after the Fed announced three consecutive interest rate cuts that began in September 2024. The markets priced in […]
20
Mar
Mar
On March 12, the Bank of Canada cut its key lending rate, which impacts interest rates by 25 basis points from 3% to 2.75% This marks the seventh straight interest rate cut by the central bank since June 2024. Since last summer, the Bank of Canada has reduced its key lending rate by 225 basis […]
