Trump Tariff Threat Marks ‘Major’ Uncertainty for Canadian Economy, Bank of Canada Says
President-elect Donald Trump’s pledge to slap a 25% tariff on imports from Canada in his first days in office has clouded the outlook for the Canadian economy, Bank of Canada Gov. Tiff Macklem said Wednesday.
U.S. tariff threat a ‘major’ source of economic uncertainty: Bank of Canada
OTTAWA - U.S. president-elect Donald Trump’s tariff threat is a "major new uncertainty" for the Canadian economy, the governor of the Bank of Canada said Wednesday. The Bank of Canada (BoC) announced its fifth consecutive interest rate drop and second consecutive 50-basis point reduction on Thursday, so the key rate now sits at 3.25 per cent.
Bank of Canada slashes interest rate, warns of tariffs
The Bank of Canada cut interest rates by half a point to 3.25% on Wednesday to kickstart some growth in the Canadian economy.
Bank of Canada cuts rates by 50 bps says more gradual approach to follow
The Bank of Canada slashed its key policy rate by 50 basis points to 3.25% on Wednesday to help address slower growth, though Governor Tiff Macklem indicated that further cuts would be more gradual and said he does not expect a recession.
Some Canadian Premiers Call For ‘Robust’ Response To Trump’s Tariff Threats
Some Canadian premiers are calling on the government to respond strongly to tariff threats from President-elect Donald Trump, Canada’s Finance Minister said Wednesday, according to Reuters. Canadian Prime Minister Justin Trudeau met with premiers as well as other government ministers Wednesday to discuss Trump’s vow to impose tariffs on imports from Canada and Mexico when he returns to the Oval Office,
Bank of Canada cuts interest rate over Trump’s tariff threat
Canada's central bank reduced its interest rate by half a percentage point on Wednesday and urged Donald Trump not to impose tariffs on Canadian imports. This marks the fifth consecutive rate cut since June,
Bank of Canada cuts interest rate by half a percentage point, highlights risk of Trump’s tariffs
Canada’s central bank lowered its key interest rate by half a percentage point while highlighting the risk of U.S. President-elect Donald Trump's threat of tariffs on all Canadian products.
Bank of Canada cuts interest rate, highlights risk of Trump's tariffs
The premier of Canada’s most populous says he will cut off energy to the United States if President-elect Donald Trump imposed sweeping tariffs on all Canadian products
Bank of Canada cuts rates by 50 bps, frets over possible Trump tariffs
The Bank of Canada slashed its key policy rate by 50 basis points to 3.25% on Wednesday and indicated that further cuts would be more gradual, a shift from previous messaging that continuous easing was needed to support growth.
Canada drafts border security plan after Trump threatens steep tariffs
Trump warned Canada last month that if it did not stop the flow of illegal drugs and illegal immigrants across the border, then 25% tariffs would be coming.
Tiff Macklem explained today's rate decision and what he's keeping an eye on going forward
Bank of Canada Governor Tiff Macklem explained today's rate decision and what he's keeping an eye on going forward.
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BoC delivers jumbo interest rate cut, signals slower pace of cuts moving forward
The Bank of Canada delivered another hefty interest rate cut as it acknowledged the economy has been weaker than it ...
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BoC dropped the overnight rate for a fifth time in 2024: How it will impact the prime rate in Canada?
Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...
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Ontario premier says he will cut off energy to the US if Trump imposes tariffs
“We did underline that the threat of new tariffs on Canadian exports, particularly at the level suggested, that is a major ...