Global News6d
Bank of Canada cuts interest rate as trade war ‘doesn’t bode well’
1:21 Bank of Canada cuts interest rate to 2.75% amid trade war with U.S. The Bank of Canada on Wednesday cut its key interest rate, a move that comes just hours after U.S. President Donald Trump ...
Financial Post6d
Bank of Canada will cut interest rates 2 to 3 more times by the summer, economists say
Here’s where economists think policymakers go from here on interest rates. “A quarter-point rate cut from the Bank of Canada might only be a Band-Aid, but we don’t yet know the size of the economic ...
Wall Street Journal5d
Bank of Canada Cuts Policy Rate to 2.75% as Economy Faces ‘New Crisis’
OTTAWA—The Bank of Canada on Wednesday cut its main interest rate by a quarter point to help offset the damage from the U.S.-Canada trade conflict, while also tempering expectations for deeper ...
Bank of Canada6d
Bank of Canada reduces policy rate by 25 basis points to 2¾%
The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The Canadian economy entered 2025 in a solid position, with ...
Local businesses grapple with Trump's tariffs as G7 envoys meet in Canada
Trump’s 25% tariffs on steel and aluminum took effect overnight, dealing another blow to a neighborly alliance and escalating ...
National Post6d
Bank of Canada cuts benchmark rate to buffer economy against tariffs
The trade spat put the Bank of Canada in a difficult position as tariffs will likely result in a hit to economic growth, but it could also lead to a flare in inflation Author of the article ...
Marketplace10h
A Federal Reserve index points to a manufacturing slowdown in New York — and possibly elsewhere
The Fed's Empire State manufacturing index shows weakness in demand and employment, possibly tied to the prospect of tariffs.
Wall Street Journal6d
Bank of Canada Expected to Deliver Seventh Straight Cut on Trade Turmoil
OTTAWA–Trade-policy uncertainty is expected to persuade the Bank of Canada for a seventh straight time to cut its main interest rate, as worries over economic tension between Ottawa and ...
Financial Post6d
Bank of Canada cuts interest rates: Read the official statement
The Bank of Canada today reduced its target for the overnight rate to 2.75 per cent, with the bank rate at three per cent and the deposit rate at 2.70 per cent. After a period of solid growth, the U.S ...
Boston.com6d
TD Bank to shutter 16 New England branches, including 6 in Mass.
Last year, 40 senior executives took pay cuts totaling $30 million. Canada-based TD Bank reported $8.4 billion in earnings last year and has 2,192 retail locations in North America. Beth ...
Burlington Post6d
‘We are now facing a new crisis’: Bank of Canada warns tariff war impact could be severe as it cuts interest rate to 2.75%
The Bank of Canada cut its overnight lending rate for the seventh-straight time, reducing it 25 basis points to 2.75 per cent on Wednesday (March 12) amid an ongoing U.S.-Canada tariff war. Bank of ...
CNN5d
Fact check: Nine Trump false claims about Canada
Canada was just 102nd-highest on a World Bank list of 137 countries’ trade-weighted average tariff rates in 2022 – and had a lower average (1.37%) than the United States (1.49%) that year ...