Bank of Canada holds key rate at 2.75% as tariff uncertainty persists
Governor Tiff Macklem signals openness to rate cuts if trade tensions hurt growth
- By: The Canadian Press
- June 4, 2025 June 4, 2025
- 09:40
Governor Tiff Macklem signals openness to rate cuts if trade tensions hurt growth
Conference Board of Canada estimates windfall of up to $8.8B
Trade conflict is dimming growth prospects, raising inflation fears
Labour market shows resilience as vacancies hit 7.4 million
Oxford Properties takes full ownership of seven office towers in $730M deal
Analysts expect the ECB to cut rates by a quarter percentage point this week as concerns mount over U.S. tariffs
U.S. imports dropped sharply in April, likely didn't recover in May
Retaliatory tariffs on U.S. goods drive sharp revenue spike
Premiers aim to fast-track key infrastructure amid escalating U.S. trade disputes and growing regional economic challenges
Inflation looks temporary, but growth risks persist
Premiers to press PM to speed up approvals for major projects
Retaliatory measures could take effect July 14
The central bank is expected to hold rates on Wednesday, but some economists say there are "psychological" reasons for a cut
However, economists say the underlying data 'wasn’t as impressive as it looked'
That compares with $50.9B deficit in the same period of 2023-2024
CEO reports progress one year after posting a $117.5M quarterly net loss
Consumer prices rose just 2.1% in April compared with a year earlier, down from 2.3% in March
Stock market gains and rising corporate profits boosted performance-linked compensation
Tim Leissner admitted to bribing officials and helping steal over $4.5B from Malaysia state fund
Exporters rushed to sidestep U.S. tariffs, pushing GDP higher despite housing slowdown and weak household spending
Flows into low-cost vehicles far outpaced mutual funds over the past decade: Morningstar
The U.S. administration is expected to seek a stay of the decision, which would keep the levies in place pending an appeal