Bank of Canada cuts rates as it warns trade war 'would badly hurt economic activity in Canada'
“A long-lasting and broad-based trade conflict would badly hurt economic activity in Canada. At the same time, the higher cost of imported goods will put direct upward pressure on inflation,” Bank of Canada Governor Tiff Macklem said in a prepared opening statement on Wednesday.
Rising costs, declining demand, and complex regulations are converging to create a growing obstacle to the development and ...
The Canadian Press on MSN16h
Canada-U.S. interest rate gap widens, but BoC more focused on tariffs: expertsThe gap in interest rate policies between Canada and the U.S. widened further as the Bank of Canada cut its key lending rate ...
In December 2024, Governor Tiff Macklem pointed to a 2019 internal simulation of the U.S. imposing significant tariffs. That ...
The Canadian dollar weakened against the greenback on Wednesday as the Bank of Canada's latest interest rate cut helped widen ...
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