BoC cuts key rate by quarter point to 3% as tariffs threat looms
This is the central bank’s sixth consecutive cut since June
- By: Nick Murray, The Canadian Press
- January 29, 2025 January 29, 2025
- 10:13
This is the central bank’s sixth consecutive cut since June
Six in 10 businesses surveyed said they could withstand a prolonged trade war with the U.S.
It now expects the economy to grow at just 0.3% this year
Social isolation, financial insecurity, health care barriers plague retirees
Proposal builds on amendments for separate licensing, introduces requirements for life agents
Trade disruptions could threaten normalization of food inflation, grocery giant CEO says
Moving production fully to the U.S. estimated to cost auto producers US$50 billion
The Conference Board's consumer confidence index fell to 104.1 this month from 109.5 in December
Regulator makes playful attempt to educate Canadians on AI fraud
The U.S. is one of the few countries that imposes tax based on citizenship, not residency
Canadians made up nearly one-quarter of foreign sellers in Florida between April 2023 and March 2024: report
Proposed tariffs on Canada, Mexico estimated to increase inflation in the U.S. by as much as 0.5 percentage points
Nvidia shares fell on 17% Monday, losing a record $589 billion in market capitalization
The S&P/TSX composite index rose 58.63 points to 32,058.73
The central bank issued a summary of its overnight-rate deliberations earlier this month
Americans’ assessments of their current economic situation tumbled: survey
Retail investors targeted by so-called investment groups on social media
The increase is part of an effort to beef up anti-money laundering measures
Accountant allegedly found assets used to lure investors to schemes
The pension fund is investing up to US$1.05 billion
Plus, promotions at Harvest and Ontario Teachers' Pension Plan Board
High-profile firms and their clients were targeted in 2025
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, moves at BMO Private Wealth, Fiera Capital and CIBC GAM
Mutual fund, ETF AUM rose for the seventh consecutive month
Plus, other product launches and news, including more ESG fund terminations
More than 300 new products landed in 2025 — a new record