Bank of Canada would need to hike interest rates by up to 1.25% in full-blown tariff war, warns OECD
Canada’s economy may have ended 2024 on a high note, but that could all be undone as world trade is upended by Donald Trump’s ...
Trump’s trade war to curb global growth, OECD says, with Canada and Mexico hit hardest
The interim economic outlook report is one of the first attempts by a major international organization to model the fallout ...
Bank of Canada cuts rates by 25 basis points: Full text
OTTAWA, March 12 (Reuters) - The Bank of Canada released the following text of opening remarks by Governor Tiff Macklem on ...
Trump’s tariffs are inflicting serious economic damage and reigniting inflation, OECD says
President Donald Trump’s tariff policies are slowing economic growth in the United States and around the world while sending prices higher again, creating a toxic stew for the global economy that ...
Bank of Canada lowers rate to 2.75% in second cut of the year
The Bank of Canada (BoC) made another 0.25 per cent cut to its key interest rate on March 12, bringing it to 2.75 per cent.
Inflation cools in first full month of Trump term but egg prices soar
Consumer prices rose 2.8% in February compared to a year ago, easing slightly over the first full month under President ...
Inflation eases more than expected in February, but Trump tariffs loom
Inflation eased more than expected in February, according to the consumer price index. Trump's tariffs are likely to propel prices higher.
Wary Markets Rebound as Europe and Canada Retaliate Against Trump Tariffs
After President Trump’s global tariffs on steel and aluminum took effect, the European Union and Canada announced billions of ...
Bank of Canada Cuts Rates as Economy Faces ‘New Crisis’
The Bank of Canada cut its main interest rate by a quarter point to help offset weaker consumer spending and business investment stemming from trade-policy uncertainty. However, the bank tempered ...