The Bank of Canada is waiting for more information from the U.S. on the trade landscape before moving on interest rates. What if it never comes?
The Bank of Canada held interest rates at 2.75 per cent on Wednesday, pointing to a mixed bag of unexpectedly strong data and the uncertainty of U.S. tariffs as reason for the hold — and some experts say that, going forward, rate cuts alone won’t be enough to stop an economic slowdown.
Prime Minister Mark Carney has called Tuesday’s doubling of steel and aluminum tariffs by U.S. President Donald Trump “unjustified” and pledged to respond, but what that response might look like isn’t clear yet, with officials batting down the idea of immediate counter-tariffs.
Bank of Canada governor Tiff Macklem has a tough balancing act in front of him with this rate decision as United States tariffs still hang in the balance.
U.S. President Donald Trump’s tariff policies have fuelled uncertainty across the auto industry, driving up supply costs, pressuring margins and pushing some automakers to pass the expenses on to consumers.
With U.S. President Donald Trump’s tariffs on steel and aluminum now doubled, Canadian steel businesses and industry leaders — already wounded by the initial tax — have mixed feelings about what comes next.
U.S. President Donald Trump signed an executive order on Tuesday doubling the tariffs on steel and aluminum imports to 50 per cent, a move one Canadian industry official warned would have “unrecoverable consequences.”
On Tuesday, Hudson’s Bay Co. got court approval to sell its intellectual property, including its iconic multicoloured stripes motif, to Canadian Tire for $30 million.
U.S. President Donald Trump’s administration keeps promising trade deals, but how many are actually happening? CBC’s Katie Simpson explains.
Global economic growth is slowing more than was expected only a few months ago as the fallout from the Trump administration’s trade war continues, the OECD said Tuesday. And Canada is among the countries where the downturn is most concentrated.