The Bank of Canada has lowered its policy rate by 25 basis points to 2.75% as trade tensions between Canada and the U.S. intensify. Overnight, the U.S. imposed a 25% tariff on all Canadian steel and aluminum imports—industries that generated nearly $40 billion in exports last year. Further trade restrictions are anticipated on April 2,
A declining Canadian dollar is driving more consumers to support locally made products as they look for ways to make their weakening currency go further, according to a new survey. A Bank survey released Thursday revealed that 68% of Canadians see the weaker dollar as a threat to their personal finances in 2025. In response,
Analysts say tariffs are coming, but the details will hold crucial clues for investors. There is a growing likelihood that U.S. President Donald Trump will introduce a 25% tariff on Canadian goods, set to take effect on Feb. 1. Experts caution that this could have a significant impact on trade-sensitive industries, though the auto and
As 2025 begins, many Canadians are wondering whether interest rates will continue to fall. The Bank of Canada (BoC) has already reduced its benchmark interest rate several times in recent months, bringing it to 4.25% as of late 2024. These decisions were made to stimulate the economy amid signs of slowing growth. But will the
The Canadian dollar (CAD) has started 2025 on a challenging note, continuing a downward trend that began in late 2024. As of January 3, the CAD is at its lowest point against the U.S. dollar (USD) in nearly five years. Several economic and geopolitical factors that unfolded in 2024 and persist into the new year