Manufacturing Employment Plunged as Tariffs Weakened the Economy   Today’s Labour Force Survey for April showed a marked adverse impact of tariffs on the Canadian economy. Early evidence suggests that the slowing economy will be the primary fallout of tariffs, with upward pressure on prices a secondary impact. The central bank’s actions will mitigate inflation […]

Bank of Canada Holds Rate at 2.75% The Bank of Canada held its benchmark interest rate unchanged at 2.75% in its April 2025 decision, as expected by half of the market, to mark the first hold following 2.25 percentage points of cuts in seven consecutive decisions. The governing council noted that the unpredictability on the […]

Bank of Canada Cuts Rates Another Quarter Point   Today, the Bank of Canada cut the overnight policy rate by another 25 basis points to 4.25%. This is the third consecutive decrease since June. The Bank’s decision reflects two main developments. First, headline and core inflation have continued to ease as expected. Second, as inflation […]

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The Bank of Canada has cut interest rates for a second consecutive month, bringing its benchmark rate lower as it bids to keep inflation in check while avoiding a recession. The central bank said this morning that it had lowered the target for its overnight rate by a further 25 basis points, cutting to 4.50% […]

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Today’s central bank announcement Much to the relief of millions of Canadians, the Bank of Canada announced today that it is holding the line on interest rates. After 10 increases since March of 2022, the overnight rate stays at 5.0% for now. Policymakers also updated their forecasts, providing a glimpse into the Bank’s thinking about […]