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Today: May 21, 2025
Today: May 21, 2025

Bank of Canada

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Canada annual inflation rate falls, but rise in core measures is tricky for central bank

Canada's annual inflation rate fell to 1.7% in April due to a drop in energy prices, but analysts said a rise in closely watched core measures would make life hard

Canada annual inflation rate falls, but rise in core measures is tricky for central bank
Business|Economy|Finance|World

Canada's unemployment rate jumps to 6.9% in April as Trump tariffs bite

Canada's unemployment rate rose to 6.9% in April, the highest since November, as U.S. tariffs started to hit Canada's export-dependent economy in earnest, data

Canada's unemployment rate jumps to 6.9% in April as Trump tariffs bite
Business|Economy|Finance|World

Canadian financial system stable, but trade war poses big risks, says central bank

A prolonged trade war could increase the risks to Canadian financial stability by hurting banks and other institutions and by making it harder

Canadian financial system stable, but trade war poses big risks, says central bank
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FULL TEXT - Bank of Canada says trade uncertainty has pushed risks higher overall

The Bank of Canada released the following statement by Governor Tiff Macklem on Thursday: "Good morning.

FULL TEXT - Bank of Canada says trade uncertainty has pushed risks higher overall
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Canada's trade deficit narrows in March, US exports fall

Canada's trade deficit narrowed to C$506 million ($366.34 million) in March, beating expectations as imports fell at a faster rate than the drop in exports, data

Canada's trade deficit narrows in March, US exports fall
Business|Economy|Finance|World

Bank of Canada governing council mulled cutting rates again in April

The Bank of Canada discussed whether to cut rates again earlier this month but decided not to given the uncertainty caused by U.S.

Bank of Canada governing council mulled cutting rates again in April
Business|Economy|Finance

Top Bank of Canada officials speak after central bank holds policy rate steady

Below are some key quotes from a news conference by Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers on Wednesday after the central bank held its key

Top Bank of Canada officials speak after central bank holds policy rate steady
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Bank of Canada holds rates, says it will act decisively if need be

The Bank of Canada on Wednesday held its key policy rate at 2.75%, its first pause after seven consecutive cuts, and said it would be ready to

Bank of Canada holds rates, says it will act decisively if need be
Business|Economy|Finance|Political|US

FULL TEXT- Bank of Canada holds key policy rate at 2.75%

The Bank of Canada released the following statement on Wednesday: "The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3%

FULL TEXT- Bank of Canada holds key policy rate at 2.75%
Business|Economy|Finance

Bank of Canada holds benchmark rate steady at 2.75%

The Bank of Canada on Wednesday held its benchmark interest rate at 2.75%, its first pause after seven consecutive cuts.

Bank of Canada holds benchmark rate steady at 2.75%
Business|Economy|Political

FULL TEXT-Bank of Canada held rates as it seeks more information on tariffs, says Governor

The Bank of Canada released the following statement by Governor Tiff Macklem on Wednesday: "Good morning.

FULL TEXT-Bank of Canada held rates as it seeks more information on tariffs, says Governor
Americas|Business|Economy|Political|US

Bank of Canada says US tariffs could trigger deep recession

If U.S. tariffs trigger a global trade war, inflation in Canada would spike and the country would enter a deep recession, according to a Bank of Canada scenario released

Bank of Canada says US tariffs could trigger deep recession
Americas|Business|Economy|Finance

Instant View: Canada's annual inflation eases to 2.3% in March

Canada's annual inflation rate fell to 2.3% in March from 2.6% in February, helped by lower gasoline and travel tour prices.

Instant View: Canada's annual inflation eases to 2.3% in March
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Canada's inflation surprisingly slows to 2.3% in March

Canada's annual inflation surprisingly slowed in March to 2.3%, three notches below the prior month, largely helped by lower gasoline and travel tour prices, data

Canada's inflation surprisingly slows to 2.3% in March
Americas|Business|Economy|Finance|Political|Stock Markets

Bank of Canada is more likely to halt interest rate cuts after tariff pause

The Bank of Canada is likely to pause its rate-cutting cycle this week as rising inflation, weakened employment and U.S.

Bank of Canada is more likely to halt interest rate cuts after tariff pause
Americas|Business|Economy|Finance|Political

Reuters poll: Rising Canada recession risk to trigger at least two more rate cuts this year 

Growing recession risks to Canada from the U.S.-led trade war will push the Bank of Canada to cut interest rates at least twice more this year, although a

Reuters poll: Rising Canada recession risk to trigger at least two more rate cuts this year 
Americas|Business|Economy|Political|US

Carney says chances of US recession has shot up, will hit Canada

The probability of a U.S. recession has risen significantly thanks to President Donald Trump's tariffs and that will have a major negative effect on the Canadian economy, Prime

Carney says chances of US recession has shot up, will hit Canada
Americas|Business|Economy|Finance

Canada's economy sheds 32,600 jobs in March

Canada's total employment fell and the unemployment rate ticked up to 6.7% in March, data showed on Friday, as uncertainty around tariffs and their subsequent implementation took a

Canada's economy sheds 32,600 jobs in March
Americas|Business|Economy|Finance|Political

Canada's GDP for January expands by 0.4% as tariff impact looms

Canada's Gross Domestic Product grew by 0.4% on a monthly basis in January as economic activity continued the momentum of the last few of months, data showed on

Canada's GDP for January expands by 0.4% as tariff impact looms
Americas|Business|Economy|Political

Canada home prices to lag inflation; trade war further hurts sentiment: Reuters poll

Canadian home prices are set to lag overall inflation this year, a Reuters poll of property market experts showed, with transaction volumes

Canada home prices to lag inflation; trade war further hurts sentiment: Reuters poll
Business|Economy|Finance|Political

Bank of Canada gave less weight to downward risks to inflation - minutes

The Bank of Canada saw less evidence of downward pressure on inflation even as it decided to cut rates by 25 basis points on March

Bank of Canada gave less weight to downward risks to inflation - minutes
Business|Economy|Finance|Political|US

Bank of Canada could change tack, give range of projections

Uncertainty over the impact of U.S. tariffs means the Bank of Canada could give a range of economic estimates rather than a single forecast

Bank of Canada could change tack, give range of projections
Business|Economy|Finance

Canada's annual inflation rate increases to 2.6% in February

Canada's annual inflation rate rose to a higher than expected 2.6% in February, on broad-based increases, including the end of the GST/HST holiday on food and certain other items,

Canada's annual inflation rate increases to 2.6% in February
Americas|Business|Economy|Finance|Food

Canada's inflation jumps to eight-month high as sales tax break ends

Canada's annual inflation rate showed a surprise jump to 2.6% in February, surpassing expectations as a sales tax break that ended in the middle of last month

Canada's inflation jumps to eight-month high as sales tax break ends