January rate cut came as BoC weighed U.S. tariff threat
Central bank says it will provide updates if trade war developments materially change its outlook
- By: Nick Murray, The Canadian Press
- February 12, 2025 February 12, 2025
- 15:00
Central bank says it will provide updates if trade war developments materially change its outlook
Underlying outlook is positive, but tariffs a dark cloud for housing
Fed will continue to "make our decisions based on what’s happening in the economy," he tells House committee
The consumer price index increased 3% in January from a year ago
The 25% levy on aluminum and steel exports starts March 12
A stronger housing market also possible, according to Market Participants Survey
Transition risks ease in short-term, but longer term threats loom
Respondents said they worked multiple jobs due to fewer full-time job opportunities, to cover expenses
Canada led G7 in per capita household income growth
The White House plans to announce 25% tariffs on steel and aluminum imports into the U.S. on Monday
25% jump is the biggest year-over-year increase since the study launched in 2011
On Tuesday, the central bank chair said the Fed is 'well positioned' to deal with risks, uncertainties
PM calls steel and aluminum tariffs "unacceptable"
Weather-related shocks have different impacts on output, inflation, BIS finds
Accumulating rules reduce output, hit larger firms harder
The White House plans to announce 25% tariffs on steel and aluminum imports into the U.S. on Monday
Trudeau, in opening remarks at the event, reiterated the need for a 'Team Canada' approach
Still, the jobless rate slipped to 4% to start 2025
The BoC governor says central banks can't address weaker output and higher inflation at the same time
The manufacturing sector carried the largest employment gains, adding 33,000 jobs
Early indications point to progress on immigration, but goals remain distant
Economic fallout would weigh on banks' credit quality, driving loan losses
Report says rent declined for the fourth straight month following 38 consecutive increases